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Gold: Oct gold on mcx closed at 30167, trading range 29800-30420, trend is sideways. Immediate support seen at 30100 failures would signal intraday weakness and gold will try to head towards 30000-29980 failure below 29980 may take it to 29930-850. Short term key support will remain at 29800. Immediate resistance seen at 30200 stability will take it to 30260-370 zones. Silver: closed at 53341, trading range 53000-54500, trend is sideways with bullish bias.  Today 52490 will remain important to watch, stability above 53500 will remain supportive for bulls and silver may head towards 54200-54300 zones for the day, key resistance will remain at 54500 for short term. Failure below 53490 may take it to 53200-53050 key support will remain at 52980 failure may trigger more weakness for the day. 

Gold: Gold Oct. contract closed at 30150, day trading range 29950-30300, trend is sideways.  Immediate support seen at 30100 failures would signal intraday weakness and gold may fall till 30000-29950 for the day. Key support will remain at 29900. Immediate resistance seen at 30200 stability may take it to 30200-30250 zones. Key resistance will remain at 30300 for the day. Silver: closed at 53228, trading range 52200-53600, trend sideways.  Silver is moving between ranges of 53000-536000 after breakout above 53100. Today 53000 will remain important to watch failure may trigger intraday weakness and it may try to taste 528850-650 zones for the day. Key support will remain at 52200 for short term. Key resistance seen at 52600 breakouts above this level will offer 54000-54300 as target area for very short term. Key resistance will remain at 54500 for short term. 

Gold:  closed at 27793, trading range 29580-30050, trend sideways with bullish bias. Today 29780-800 zones will remain as trend decider stability above 29800 will be supportive for buyers and gold will try to head 29860 zones. Stability above 29870 may take it to 29915-30000 zones. Key resistance will remain at 29930 for the day. Stability below 29780 will remain supportive for bears and gold may head towards 29730-29660 key support will remain at 29590. Silver: closed at 53217, trading range 52600-53600, trend is sideways. Today 53300 will remain trend decider stability below 53300 will remain supportive for sellers and silvery may hit 53050-52880 for the day. key support will remain at 52200 on daily closing basis. Above 53300 if silver manage to hold then it will try to hit 53550 zones minor resistance seen at 53600 stability above this level will take it to 53850-54000 key resistance will remain at 54500 for short term. 

Gold: closed at 29835, trading range 29600-30050, trend is sideways with bullish bias. Today 29870 will remain important to watch stability above 29870 may take it to 29950-30050 zones. Short term key resistance will remain at 30200. Stability below 29870 may trigger profit booking and it may taste 29770-670 zones, below 29650 it may taste 29570-530 zones.  29450 will remain key support for short term. Silver: closed at 53453, trading range 5200-54000, trend is sideways with bullish bias. Today 53250 will remain important to watch stability above this level will trigger further bullishness and silver may taste 53550-53800. Key resistance will remain at 54500 for short term. Stability below 53250 will take it to 53050-52900 but 52850-52800 zones are looking good support zones and jump can’t be ruled out. Failure below 52800 may take it to 52600-52400 key support will remain at 52200.

Gold: closed at 29568, trading range 29300-29850, trend is sideways with bullish bias. Today 29510 will remain trend decider, stability above this level will remain supportive for bulls and it will try to hit 29640-650 zones. 29650 can act as resistance zones, stability above 29650 will take it to 29760 and more.  Failure below 29510 may take it to 29475 but 29470-460 zones are good support failure will call for retest of 29400-380 zones. Silver:  closed at 52828, trading range 52200-53600, trend is sideways. 52800 will remain trend decider for the day, stability below 52800 will remain supportive for bears and silver may hit 52600-52350 but 52200 will remain key support for short term. Stability above 52800 will call for 53050-53100 stability above 53100 will take it to 53250-53500. Silver is not closing above 53100 on daily basis, closing above 53100 may trigger 1500-2000 points upside in silver. 

Gold: closed at 29277, trading range 29100-29380, trend sideways. Immediate resistance seen at 29310 stability above 29310 will take it to 29360-450 for the day.  Stability below 29310 will remain supportive for intraday bears and gold will try to head towards 29220-29180 zones. Key support will remain at 29100 failure would signal decline till 28900-28600 zones. Important resistance to watch is 29380 stability above this level will remain supportive for bulls. Silver closed at 52842, day trading range will remain between 52000-53500, trend is sideways. Immediate resistance seen at 53120 stability above this level will remain supportive for bulls and silver may head towards 53300-53500 zones. Key resistance will remain at 54500 for short term. Immediate support seen at 52600 failures may take it to 52450-52250 zones but 52200 will remain important to watch failure may trigger weakness that will take it to 51700-51400 zones. 

Gold closing below 29160 that is main support of consolidation pattern and signalling more bearishness. 29270-29370 areas will remain strong resistance and fall may extend till 28700-28600 to taste descending support of parallel channel. MACD below zero line and 14 RSI holding below 50 line supporting bearish outlook. Resistances: 29270-29370-29440 Supports: 29100-29900-29600 Recommendation:  selling gold around 29180-240 for targeting around 28900-28700 with stop loss above 29310 might be appropriate. 

Gold: closed at 29289, trading range 29150-29360, trend is sideways. Today trend decider level will be 29280 stability below this will remain supportive for sellers and it will try to hit 29200-170 zones. Key support will remain at 29150 failure may take it to 29060-28960. Stability above 29280 will remain supportive for bulls and it will try to hit 29350-360 zones. Stability above 29360 will take it to 29450 and more upside. Silver: closed at 52890, trading range 52000-54000, trend sideways. trend decider level will be 52750 stability below this will take it to 52500-52200 but key support will remain at 52200 and failure below 52200 may take it to 51850-51500-51250 zones.  stability above 52750 will support bulls and it will try to hit 53050-53300 stability above 53300 will take it to 53650-54000 short term key resistance will remain at 54500.  

Gold: closed at 29280, trading range 29150-29360, trend sideways. stability above 29260 will  remain supportive for bulls and it will try to head towards 29330-29360 stability above 29370-400 will supply more power to bulls and gold may hit 29600-29700 zones soon. Key support seen at 29150 failure will take it to 29060-28940 closing below psychological level 29000 may create panic otherwise trend will remain on place and likely to hit 29600-29700. Silver:  closed at 52745, trading range will remain between 52000-54000; trend is sideways with bullish bias. silver having immediate support at 52600 stability above 52600 will remain supportive for bulls and silver will try to head towards 53000-53300 stability needed above 53300 to confirm a retest of 54000-54200 zones. Key resistance will remain at 54500 for short term. Silver having strong support at 52350 on daily close basis close below this level may trigger more weakness for 51300-50000 zones otherwise bias will remai...

Light sweet crude trading above its key resistance of 88.27 above neckline of inverse head and shoulder pattern.  Pattern suggesting $5-10 upside rally in this commodity. 14 periods RSI respecting ascending trend line support, momentum is bullish. Short term moving average holding above midterm and long term moving average supporting our short term bullish outlook on crude. Resistances: 88-93-100 Supports: 86-83-78 Recommendation: buying Crude  oil  around 87-86 zones for targeting 93-100 with stop loss below 83.50 on 4 hour close basis might be appropriate. 

Gold: closed at 29268, trading range 29100-29400, trend sideways. Immediate support seen at 29250 failure will take it to 29200-29160 key support for short term will remain at 29100 failure may take it to 28950-28800. Stability above 29250 will remain supportive for bulls and gold will try to head 29330-370 zones. key resistance will remain at 29400 stability above 29400 will trigger short term recovery that will take it to 29650-700 zones. Silver: closed at 52767, trading range 52000-53900, trend sideways. Immediate support seen at 52580 failures may trigger intraday weakness and silver will try to head towards 52250 zones. Key support will remain at 52000 for short term failure will take it to 51850-51250-50000. Stability above 52580 will remain supportive for intraday bulls and silver will try to head towards 53000-53300 but 53300 may act as good rest stability above 53300 would offer 53600-53850 as target areas. 

Gold: closed at 29222, trading range 29000-29350, trend is sideways with negative bias. Trend decider level will remain at 29240 stability above this level will take it to 29280-330 zones.  Intraday key resistance will remain at 29350 recovery above 29350 will take it to 29400-29430 zones. Important support for the day will remain at 29165 failures will take it to 29050-29000, but 29000 can act a good psychological support failure may take it to 28940-850 zones. Silver: closed at 53017, day trading range will remain between 52000-54000; trend will remain sideways with bullish bias. Trend decider level will be 52800 stability above this level will remain supportive for intraday bulls and silver will try to head towards 53300-53700. Short term key resistance will remain at 54500 daily close will confirm recovery for short term. Stability below 52800 will supply some negative bias and silver will try to taste 52550-52250 but 52000 will remain key support for the day. 

Gold: closed at 29265, trading range 29000-29450, trend sideways. Immediate resistance seen on 29300 stability will take it to 29360-420 zones. Key resistance will remain at 29450 todays close above 29450 would neglect fresh bearish developments otherwise weakness will remain continue in mcx gold. Stability below 29300 zones will remain supportive for bears 29200 looking good support area failure will take it to 29130-29050. 29000 can act as good psychological support failure will take it to 28930-860 zones. Silver: closed at 52735, trading range 51900-53450, trend is sideways.  Today’s trend decider level is 52700 stability above this will remain supportive for bulls and it will try to move towards 52930-53150-53300 key resistance will remain at 53450. Stability below 52700 will support intraday bears and silver may fall till 52500 important supports seen at 52450 stability below this level may trigger more weakness and silver may hit 52150-51950.

Sign of potential harmonic structure has been seen on 240 min chart of mcx gold, which completes at 29256. Gold made low of 29225 and currently trading at 29283 and nice buying interest seen near expected support of 29250 zones. Stochastic with overbought reading also suggesting a recovery from these levels.   Supports: 29200-29100-28900 Resistances: 29450-29750-30150 Recommendation:  buying gold around 29250-200 for targeting 29430-29650 with stop loss below 29103 might be appropriate. 

Gold: closed at 29428, trading range 29300-29700, trend sideways with negative bias. 29500 will remain trend decider, stability above 29500 would take it to 29550-29640 key resistance will remain at 29700 stability would signal recovery from immediate bearish developments. Immediate support seen at 29380 stability below this level may take it to 29300-29200 zones.   Silver: closed at 52648, day trading range will remain between 51900-53700, trend is down.  Today 53000 will remain trend decider and stability above 53000 may take it to 53300-53600 but key resistance will remain at 53800. Stability below 53000 will remain supportive for intraday bears and silver will try to hit 52500-52300-51950 for the day. 

Gold: closed at 29657, trading range 29550-29850, trend sideways. 29630 will remain important to watch stability below this level would signal intraday weakness and gold will try to head towards 29570-29520. Key support will remain at 29400 for short term failure would signal decline till 29100-29000 zones. Immediate resistance seen at 29700 stability above 29700 will take it to 29745-800 zones. 29850 will remain key resistance for short term. Silver: closed at 53544, trading range 52900-54500, trend sideways with bullish bias. 53400 will act as trend immediate resistance seen at 53610 stability above 53610 will take it to 53900-54000-54300. Key resistance will remain at 54500 stability above 54500 would signal recovery from short term down trend.  Below 53400 it will try to taste 53250-53000 zones. key support will remain at 52900 failure will take It to 52500-52200. 

Gold: closed at 29621, day trading range between 29400-29840, trend will remain sideways with negative bias. Today 29600 will act as trend decider stability above 29600 will take it to 29690-29700 zones.  Stability above 29700 may take it to 29790-830 zones. Key resistance will remain at 29850 stability would offer short term rise that will take it to 30130 and more upside. Stability below 29600 will take it to 29530-460 zones. Key support will remain at 29400 close below 29600 would signal 29100-29000 zones as primary supports. Silver: closed at 53167, day trading range 53000-54500, trend sideways. Key support seen at 53000 stability would signal more weakness and silver will try to hit 52200-51300 zones. Above 52900 till silver manage to hold is likely to hit 53600-53700 zones.  Stability above 53700 may trigger more bullishness and silver may hit 54000-54000 key rest will remain at 54500 close above 54500 would signal recovery from short term down trend. 

Gold: closed at 29746, trading range 29580-29980, very short term trend up. Today 29700 will remain trend decider stability above 29700 will be supportive for bulls and it will try to hit 29790-830 zones. Stability above 29860 will take it more upside and it may try to hit 29960 zones for the day. Below 29700 if manage to hold then fall expected till 29650-600 zones. 29580 will remain key support failure may neglect our bullish expectations; otherwise trend will remain up for targeting 29950-30100. Silver: closed at 53674, day trading range will remain between 53000-55000, trend is sideways. Today important level to watch in silver is 53850 stability above 53850 will support bulls and metal will try to head towards 54230-54800 but 54500 may act as strong resistance zones. Below 53850 bears will remain aggressive and metal will try to head 53450-53050. Key support for the day is 53350 and key resistance is 54500. 

Gold: closed at 29571, trading range 29400-29800, trend will remain sideways with bullish bias. Today 29550 will play important role. Stability above 29550 will take it to 29620-750 zones. 29800 will remain key resistance stability above 29800 will trigger recovery for short term, and gold will try to resume uptrend. Immediate support seen at 29550 failures may take it to 29470-430 zones. 29380-370 zones will remain key support for short term. Silver: closed at 53731, trading range 53000-55000, trend is sideways with bullish bias. Today 53700 will play important role stability above 53700 will take it to 53900-54200 stability above 54300 may take it to 54500-54900 daily close above 54500 may trigger recovery from short term down trend.  Failure below 53700 will take it to 53500-450 zones but 53400 will remain important to watch failure may take it to 53000-52900 for the day.  

As we can see here CARDAMOM MCX next (AUG) contract moving in a rectangle after a rally from 606 to 1397 and respecting an ascending trend on daily chart. 14 Period RSI taking support at 50 and moving upside, MACD has already given bullish cross and trying to climb zero line supporting our bullish expectations for short term. Bearish crossover seen on moving average but stability above 1275 zones may neglect these bearish developments. Supports: 1200/1165/1100 Resistance:  1400/1500/1700 Recommendation:  buying between 1240-1200 for targeting 1400-1500-1700 with stop loss of 1160 on daily closing basis might be appropriate. 

Gold: closed at 29473, trading range 29300-29720, trend sideways with negative bias. Today trend decider level will be 29520 stability below this level will remain supportive for sellers and gold will try to hit 29420-400 zones. Key support seen at 29370-380 failure of these levels is less likely; in case of failure it will trigger more weakness. Above 29520 if manage to hold then it will try to hit 29580-620 zones. 29640 will remain key resistance for the day. Silver: closed at 53706, day trading range will remain between 53000-54300, trend is sideways.  53700 will remain important to watch stability above this level will remain supportive for bulls but key rest seen at 53900 stability above 53900 needed for retest of 54200-400 zones. 54500 will remain key resistance for short term. Below 53700-680 it may trigger intraday weakness and silver may head towards 53450 zones. Support seen at 53400 failures will take it to 53200-53000. Key support seen at 52900 failures will trig...

Gold: closed at 29660, trading range 29400-29800, trend is sideways. Immediate support at 29630 failure would take it to 29580-70 zones failure below 29560 will signal retest to 29450-400 zones. 29400 will remain key support for short term. Resistance seen at 29760 stability would offer 29810-29930 as target zones.  Today trend decider level will be 29660, bulls will remain aggressive above this level and stability below this level would support intraday bears. Silver: closed at 54513, day trading range 53000-54300, trend will remain sideways. Immediate resistance seen at 53650 stability would offer 53850-54000-54200 as target zones. Stability below 53660 will remain supportive for bears and silver will try to hit 53200-53000 zones. short term support at 53000 close below this level would signal short term decline that may take it to 52500-51800. 

Gold: closed at 29662 day trading range 29400-29800, trend consolidation. Immediate support seen 29590-600 zones stability below these zones may trigger further weakness and gold may try to head towards 29500-29450 zones for the day. Key support will remain at 29400 failure would signal short term decline till 29100-28800. Key resistance will remain at 29800 stability needed above 29750 zones to confirm intraday rally up to 29900-30000 zones. Otherwise sideways moment expected for the day. Silver: September contract on mcx closed at 53313, trading range 53000-54300, trend down. Important to watch 53600 stability below this level will remain supportive for bears and silver will try to hit 53100-53000 for the day. Key support will remain at 53000 stability below 53000 would signal decline till 52600-52000 zones.  Stability above 53600 is less likely but in case of stability above 53600 silver may head towards 54000-54200 zones. 54300 will remain key resistance stability above ...