Gold crude forex calls/views

Nov 10, 2008
484
5
28
mohdarafat.com
#48
Weekly view for Gold price

Gold prices has recovered quite smartly .

Now Gold has small resistance now at 1230$ above this level it may test major resistance of 1255$ above major resistance expect gold prices around 1280$ and 1300$ or even more as world market is looking quite weak so investors may invest more in gold and gold prices may go higher if world market dont improve in sometime

Weekly Levels are given below:

Resistance:1230$-1255$
Supports: 1190$-1165$
 
Nov 10, 2008
484
5
28
mohdarafat.com
#49
Silver price for week

Silver has a good resistance now at 18.90 above closing this we may expect 19.50 and 20$ however now good support occurs at 16.50$ below this expect 15 and even 14$


Weekly Levels are given below:
Resistance: 18.90-20.20$
Supports: 16.50$-15.10$:cool:
 
Nov 10, 2008
484
5
28
mohdarafat.com
#50
Crude view for week


Now Crude prices has a small resistance at 75.30$ above this it may test again 78-80$ however crude prices has a small support at 70$ below this expect more lows which we could not see last week .

Weekly Levels are given below

Resistance: 75.30$-79.10$
Supports: 70$-67.90$
 
Nov 10, 2008
484
5
28
mohdarafat.com
#55
Gold analysis

Comex Gold ( xauusd ) price fired again and tested 1355$ , currently prices are trading at 1353$ . Yesterday ECB decided not to hike nor cut the interest rate . A good support on daily chart stands at 1344$ , if traders take this base out and manage to sustain trade below our support today . Then expect some pressure in this precious metal upto 1337$ – 1330$ today .

A good hurdle on daily chart stands at 1361$ , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect more firepower in this major commodity upto 1370$ – 1377$ .

Gold analysis conclusion : Gold trend is positive for now . Avoid any major selling

Silver analysis

Comex Silver ( xagusd ) prices fired last night and tested above 18.10$ . Currently prices trading at 18.11$ , a good base level on daily chart stands at 17.90$ . if traders take this base out and manage to sustain trade below our support today . Then expect more pressure in this major commodity upto 17.70$ – 17.50$ today .

A good hurdle on daily chart stands at 18.25$ , if traders take this hurdle out and manage to sustain trade above ou resistance today . Then expect more firepower in this major precious metal upto 18.47$ – 18.70$ .

Silver analysis conclusion : Comex xagusd trend is positive for now