Gold calls.Long term -medium term and intraday calls in gold is here !.

Calls/Signals provided by "sujithsstorock" have earned me profit ?

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Gold bugs must be in raptures - all their birthdays & christmases have come together & now with gold production falling (see Evy Hambro on the FT) just how far will gold go? Check out this site for daily gold chart analysis: Spot Gold Price -
 
Copper

Copper has a small Support at 298.10 however market trend is still weak but if not break this support than can some bounce , we don’t recommend any buying today in copper only short on rise is recommend better follow .

Major Levels to watch

Resistance: 302.20-305.60
Support: 298.10-294.70

Zinc

Zinc has a support at 89.40 if breaks than it can test 88 and more however a sustain above 92.60 can fire till 94 , trend is weak so better not buy on higher levels

Major Levels to watch

Resistance: 92.60-94.20
Support: 89.40-87.60


Nickel

Nickel has small resistance at 871 if not cross than again it may kick back till 840-830 below 828 can test 800 however market is not sustaining above levels so better exit from buy position if holding in market or make a tight stoploss according levels

Major Levels to watch

Resistance: 871-896
Support: 844-828

Natural Gas

Natural gas a small resistance at 177.20 if cross than it has a hurdle at 182.60 only above this level it may fly higher else we expect a high rollback in natural gas below 164.80 close can give till 140-120 again so be cautious while going long on this counter

Major Levels to watch

Resistance: 177.20-182.60
Support: 168.10-164.80

Crude

Crude has a small resistance at 3466 if cross than it may hit till 3500+ however a break above 3530 can open way for 3600-3700 but do watch levels today as today crude data as well so be cautious

Major Levels to watch

Resistance: 3466-3516/30
Support: 3410-3371


Gold

Gold has a good support area now one good support around 15760 below this level it may test a hurdle support at 15666 if break than we expect 15500-15400 however a signal above 15880-926 can hit till 16000-16100+

Major Levels to watch

Resistance: 15880-15966
Support: 15760-15666


Silver

Silver has a major support at 27076 if break than it may test 26800-26555 too however a signal above 27360 can hit more till 27700-27900

Major Levels to watch

Resistance: 27460-660
Support: 27076-26810
 
A lower dollar is generating further interest in gold. The dollar declined against 13 of 16 major currencies yesterday. Barclays Capital forecast gold may continue to make new highs stating, “We maintain a bullish bias for gold, expecting a test and break of the all-time high with potential for higher levels still into year-end.”
 
Copper

Copper has a crucial support at 291 and 287 if not break than we expect 298-300 levels again however a break below these supports can drive till 281-277 levels as well

Major Levels to watch

Resistance: 298.60-301.20
Support: 291-287

Zinc

Zinc has a support at 89.40 if breaks than it can test 88 and more however a sustain above 92.60 can fire till 94 , trend is weak so better not buy on higher levels

Major Levels to watch

Resistance: 92.60-94.20
Support: 89.40-87.60


Nickel

Nickel has small resistance at 871 if not cross than again it may kick back till 840-830 below 828 can test 800 however market is not sustaining above levels so better exit from buy position if holding in market or make a tight stoploss according levels

Major Levels to watch

Resistance: 871-896
Support: 844-828

Natural Gas

Today Natural Gas inventory so no view

Major Levels to watch

Resistance: 188.20-192.60
Support: 182.10-177

Crude

Crude has a good support at 3275 if it breaks than can drive till 3240-3180 as well however a signal above 3356 can drive till 3400-3450

Major Levels to watch

Resistance: 3356-3416
Support: 3275-3216

Gold

Gold has a good support area now one good support around 15760 below this level it may test a hurdle support at 15666 if break than we expect 15500-15400 however a signal above 15880-926 can hit till 16000-16100+

Major Levels to watch

Resistance: 15880-15966
Support: 15760-15666


Silver

Silver has a good support at 26480 if not break than 26900-27200 again however a break below 26480 can drive till 26000 as well

Major Levels to watch

Resistance: 26910-27090
Support: 26480-26180
 
I tend to agree with this analyst quote, “The dollar and risk sentiment will continue to lead gold in the coming sessions well placed to set fresh highs.” Another analyst said, “Gold remains well supported. The support is even more noteworthy given crude oil’s slide yesterday.” Investor interest remains strong as ETFs continue to receive strong inflows of money. Additional tailwinds to price of gold: Pictet & Cie, Switzerland’s largest private bank, will start a fund backed by physical gold next month in an attempt to help its investors protect against inflation.
 
The strengthening dollar is cutting into demand for gold as the dollar reached a two week high against the euro. The correlation between gold and dollars has been very high as of late and will probably continue to follow the movements in the euro-dollar. In spite of recent dollar strength, I still see gold going to $1,100.
 
Point of concern for gold from a demand point of view: Indian imports, the world’s biggest buyer, probably fell for the fifth month in a row during September as the price of gold is keeping jewelers from buying. India has imported less since April and imports last month were 21.8 tons compared with 98 tons a year earlier. In spite of this, I don’t believe gold is trading based on supply / demand, but more technicals and fear.
 
Copper

Copper has a crucial resistance at 300.60 if sustain above than again a bull phase we might see till 310+ however below this level it may rollback till 290 below once again

Major Levels to watch

Resistance: 300.60-303.70
Support: 295.10-292.80

Zinc

Zinc has resistance at 93.20 above this can hit till 95however below this can again cause of roll back till 90

Major Levels to watch

Resistance: 93.20-95.10
Support: 91.55-89.40

Nickel

Nickel has small resistance at 844 and a good support at 794 above resistance can hit till 850+ while below support can come below 780-750 as well

Major Levels to watch

Resistance: 844-866
Support: 794-771

Natural Gas

Natural gas has a small resistance at 238 above this only more fire else can drive till 220 below as well below 214 can drive below 200 so stay cautious while going long in this

Major Levels to watch

Resistance: 238-226
Support: 224-214

Crude

Crude inventory today

Major Levels to watch

Resistance: 3276-3331
Support: 3170-3140


Gold

Gold has a support at 15480 if breaks than can drive till 15400-180 as well above 15626 can hit till1 15800+ stay cautious as today weekend and do not carry for Monday

Major Levels to watch

Resistance: 15626-720
Support: 15480-15310


Silver

Silver has a good support at 25780 if not break than can come 26400+ however a break below support can cause for 25300-25000

Major Levels to watch

Resistance: 26210-26450
Support: 25780-380
 
The soft dollar will continue to support gold prices and will be the driving force for further increases in gold. In the event there is an improving economy, then inflation concerns should drive investors into gold. In the event the economy takes a turn for the worse, then a flight to safety and a risk-free commodity will drive investors into gold. Gold is headed for its biggest three month gain in 6 quarters, so I would expect a consolidation period prior to another extended breakout. I am still long gold at these prices.
 
gold view oct 1

Gold is weak only below 1000$.A break of 1010 $ can bring 1017-1027 $ tgts.Below 1000$,994 and 982 are supports.

back from fever :D
 
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