Commodity Market Weekly Outlook 25-May-2015

Gold Weekly

Hope u booked profit below the weekly support 27200 till 27053. Unable to sustain above the weekly resistance of 27650 and slipped below weekly support and made a low of 27053, our suggested second support at 27050.

What Next???

Last week Gold closed at 27082 below 21 but above 55 Daily EMA which is at 27153 & 26986 respectively which represent uncertainty. Last week gold made low of 27053 and had a crucial range of 27050-27000. In upcoming week Gold has immediate resistance at 27400 & immediate support at 27050.If Gold sustains above level of 27400 then it could bounce till 27500-27700.Two close above 27900 will lead sharp fire towards 28200-28500 or else it test the level of 27000. Close below 27000 will free fall till 26850-26700-26500 and more. Sustainability of levels is very important**.

So have patience & trade on proper levels with SL.

Weekly Pivot

COMMODITY  R3 |    R2   |    R1   |    P    |    S1   |    S2   | S3

GOLD        28125 | 27905 | 27495 | 27270 | 26860 | 26640 | 26225

OUTLOOK

Trend: – Consolidate | Strategy: – Neutral.

Silver Weekly
Dual Node Trade…!!!

Week opening at highs and then spilled towards support.

What next???

Last week silver closed at 38928 above 21 & 55 Daily EMA which is at 38706 & 37617 respectively. On charts look uncertain. Price divergences with daily RSI can be observed hence suggest being cautious. In upcoming week silver has immediate support at 38800 and Resistance at 39800.Sustain below 38800 it could expected fall towards 38300-38200-37550-37000. On the other hand if it manages to sustain above Resistance of 39800 could bounce till 40600. Major Resistance faced at 40600 two daily close above that will may fire 41000-41700. Sustainability of levels is crucial**.

Have patience & trade on proper levels with SL.

WEEKLY PIVOT

COMMODITY   R3 |    R2   |    R1  |    P   |    S1   |    S2   | S3

Silver          41880| 41230 | 40080| 39425| 38270 | 37620 | 36475

OUTLOOK

Trend: – Consolidate | Strategy: – Neutral.

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MCX Precious Metal Weekly Report 11-May-2015

Gold Weekly

Last week we had observed the long range bound and consolidate movement in gold.

What Next???

Last week Gold closed at 26889 above 21 & 55 Daily EMA which is at 26810 & 26693 respectively which represent positive mood. On weekly charts Gold is taking support of 21week EMA at 26715 below which could be decisive break. In upcoming week Gold has immediate resistance at 27200 & immediate support at 26700.If Gold sustains above level of 27200 then it could bounce till 27300-27450-27600 or else below 26700 it may test the levels of 26450-26150.Close below 26000 will free fall till 25750-25480. Any sharp rise towards its resistance is a good sell opportunity for positional trade. Sustainability of levels is very important.

So have patience & trade on proper levels with SL. Do have an eagle on USD/INR.

Weekly Pivot

COMMODITY R3 |    R2    |   R1   |     P    |    S1   |    S2   | S3

GOLD        27420 | 27240 | 27065 | 26880 | 26700 | 26520 | 26350

OUTLOOK

Trend: – Consolidate | Strategy: – Sell On High

Silver Weekly

Hope you locked profit above weekly resistance of 37610 till 37900-38200.

What next???

Last week silver (JULY) closed at 37865 above 21 & 55 Daily EMA which is at 37011 & 36960 respectively. On charts look uncertain supported by MACD. In upcoming week silver has support at 37500 and Resistance at 38650 .If it brake the support zone and sustains below 37500 then could test the levels of 37100-36800.Sustain below 36800 it could expected a free fall towards 36250-35600 and more. On the other hand if it manages to sustain above Resistance of 38650 could bounce till 39100-39800. Any sharp rise towards its resistance is a good sell opportunity for positional trade. Sustainability of levels is crucial.

Strength on upside is limited so have patience & trade on proper levels with SL.

WEEKLY PIVOT

COMMODITY R3 |     R2  |    R1  |    P    |   S1    |    S2   | S3

Silver          39964| 39103 | 35484| 37623| 37004 | 36143 | 35524

OUTLOOK

Trend: – Bearish | Strategy: – Sell On High

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Commodity Gold & Silver Weekly Outlook 04-May-2015

Gold Weekly

Market on dual node. No matters, we booked profit above 26980 to 27200. Last week as we clearly mentioned price divergence with MACD & Stochastic on daily charts which increases the selling pressure at higher levels.

What Next???

Last week Gold closed at 26636 below 21 & 55 Daily EMA which is at 26764 & 26654 respectively which represent negative mood. On weekly charts Gold is sustained & closed below the Bollinger middle band with resistance at 27300 which could lead a down to test the lower band. In upcoming week Gold has immediate resistance at 27300 & immediate support at 26450.If Gold sustains above level of 27300 then it could bounce till 27450-27600 or else below 26450 it may test the levels of 26250-26050.Close below 26000 will free fall till 25750-25480. Either side breakout with volume will lead to market. Sustainability of levels is very important.

So have patience & trade on proper levels with SL. Do have an eagle on USD/INR.

Weekly Pivot

COMMODITY R3 |    R2    |   R1   |     P    |    S1   |    S2   | S3

GOLD        27905 | 27600 | 27115 | 26800 | 26320 | 26010 | 26535

OUTLOOK

Trend: – Consolidate | Strategy: – Sell On High

Silver Weekly

Hope you locked huge money above weekly resistance of 36350 till 37500 and above.

What next???

Last week silver (JULY) closed at 37219 below 21 & 55 Daily EMA which is at 37233 & 37368 respectively. On Weekly charts look negative supported by MACD. In upcoming week silver has support at 36300 and short term symmetrical triangle (red dotted lines) support at 36000.If it brake the support zone and sustains below 36300 then could test the levels of 36000.Sustain below 36000 it will confirm the breakout of symmetrical triangle and could expected a free fall towards 35400-34200 and more. On the other hand if it manages to sustain above Resistance of 37610 could bounce till 37900-38400. Any sharp rise towards its resistance is a good sell opportunity for positional trade.

Strength on upside is limited so have patience & trade on proper levels with SL.

COMMODITY R3 |     R2  |    R1  |    P    |   S1    |    S2   | S3

Silver          40185| 39290 | 38255| 37355 | 36320 | 35425 | 34390

OUTLOOK

Trend: – Bearish | Strategy: – Sell On High

Strength on upside is limited so have patience & trade on proper levels with SL.

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MCX Commodity Gold & Silver Weekly Outlook 20-Apr-2015

Gold Weekly

Uncertain and volatile movement in gold.

What Next???

Last week Gold traded with volatile mode and closed at 26812 above 21 & 55 Daily EMA which is at 26567 & 26552 respectively which represent a short term positive move. On charts it once again looks bit uncertain. On daily charts Gold is forming a descending triangle (red dotted lines) with support at 26400. In upcoming week Gold has immediate resistance at 26850 & immediate support at 26450.If Gold sustains above level of 26850 then it could bounce till 27050-27200-27350- 27600 or else below 26400 it may test the levels of 26200-26070.Close below 26070 will free fall till 25750-25480. Any sharp rise could be good sell opportunity for positional trade.

Strength on upside is limited so have patience & trade with proper levels.

Weekly Pivot

COMMODITY    R3 |     R2   |   R1   |    P     |   S1     |   S2   | S3

GOLD           27435 | 27140 | 26975 | 26680 | 26515 | 26220 | 26050

OUTLOOK

Trend: – Consolidate | Strategy: – Sell On High

Silver Weekly

Once again Silver failed to test its suggested resistance of 37350.

What next???

Last week silver closed at 36455 below 21 & 55 Daily EMA which is at 36880 & 37004 respectively. On Daily charts look negative followed by MACD. Silver forming a short term symmetrical triangle (red dotted lines) with the support at 35800.If it brake the support zone and sustains below 37750 then could test the levels of 35350-35000.Close study suggested if it sustain below 34800 it will confirm the breakout of long symmetrical triangle (green dotted lines) and could expected a free fall towards 34200-33800 and more. On the other hand if it manages to sustain above Resistance of 37000 could bounce till 37350-37800-38200. Any sharp rise could be good sell opportunity for positional trade.
trade.

Strength on upside is limited so have patience & trade with proper levels.

COMMODITY    R3 |    R2   |   R1    |    P    |    S1   |   S2    | S3

Silver           38070| 37525 | 36990| 36445 | 35900 | 35365 | 34835

OUTLOOK

Trend: – Bearish | Strategy: – Sell On High

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MCX Commodity Gold & Silver Weekly Outlook 13-Apr-2015

Gold Weekly

Hope you all enjoyed profit as per the weekly level above 26850 rallies till 27095 small but sure & profitable.

What Next???

Last week Gold traded with volatile mode and closed at 26781 above 21 & 55 Daily EMA which is at 26318 & 27473
respectively. On charts it once again looks bit uncertain followed by mixed data from US. Gold still traded below the psychological level of 27000. In upcoming week Gold has immediate resistance at 27050-27100 & immediate support at 26450.If Gold sustains above level of 27100 then it could bounce till 27200-27350-27600 or else below 26450 it may test the levels of 26200-26050.Close below 26050 will free fall till 25750-25480. Any sharp rise could be good sell opportunity for positional trade.

Strength on upside is limited so have patience & trade with proper levels.

Weekly Pivot

COMMODITY    R3 |     R2   |   R1   |    P     |   S1     |   S2   | S3

GOLD           27730 | 27415 | 27100 | 26780 | 26460 | 26145 | 25830

OUTLOOK

Trend: – Consolidate | Strategy: – Sell On High

Silver Weekly

Hope you all enjoyed huge profit as per the weekly levels 900 points free fall from 37000 to 36085.

What next???

Last week silver closed at 36713 below 21 & 55 Daily EMA which is at 37124 & 37109 respectively. On charts look negative and traded below ascending broadening wedge (Red dotted lines) and unable to sustain above long symmetrical triangle (Green dotted lines). In upcoming week Silver has Resistance at 37350 & immediate support at 36200-36000. If Silver sustain below 36000 then could test the levels of 35800-35500-35000 on the other hand if it manage to sustain above 3750 could bounce till 37600-37950. Any sharp rise could be good sell opportunity for positional
trade.

Strength on upside is limited so have patience & trade with proper levels.

COMMODITY    R3 |    R2   |   R1    |    P    |    S1   |   S2    | S3

Silver           40680| 39635 | 38175 | 37125 | 35665 | 34625 | 33165

OUTLOOK

Trend: – Bearish | Strategy: – Sell On High

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MCX Commodity Gold & Silver Weekly Outlook 06-Apr-2015

Gold Weekly

Hope you all enjoyed profit as per the weekly level below 26350 falls till 26156 small but sure & profitable.

What Next???

Last week Gold traded with volatile mode and closed at 26597 above 21 & 55 Daily EMA which is at 26318 & 27473 respectively. On charts it looks bit uncertain followed by mixed data from US. Gold still traded below weekly ascending broadening wedge (Red dotted lines). In upcoming week Gold has immediate resistance at 26850 & immediate support at 26200.If Gold sustains above level of 26850 then it could bounce till 27000-27200 or else below 26200 it may test the levels of 26050.Close below 26050 will free fall till 25750-25480.

Strength on upside is limited so have patience & trade with proper levels.

Weekly Pivot

COMMODITY   R3    |    R2     |     R1     |     P       |     S1     |   S2       |  S3

GOLD            27560 | 27110   |   26855   |   26505   | 26245    | 25900    |  25640

OUTLOOK

Trend: – Consolidate | Strategy: – Sell On High

Silver Weekly

Hope you all enjoyed huge profit as per the weekly level below 37500 its free fall till 37030.

What next???

Last week silver closed at 37394 above 21 & 55 Daily EMA which is at 37151 & 37104 respectively. On charts look negative and traded below ascending broadening wedge (Red dotted lines). In upcoming week Silver has Resistance at 38200 & immediate support at 37000. If Silver sustain below 37000 then could test the levels of 36700-36300 on the other hand if it manage to sustain above 38200 could bounce till 38650-39100.

Strength on upside is limited so have patience & trade with proper levels.

COMMODITY   R3 |    R2      |     R1     |     P       |     S1      |   S2        | S3

Silver            39200| 38700   |   38050 |   37520   | 36850     | 36350     | 35680

OUTLOOK

Trend: – Bearish | Strategy: – Sell On High

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MCX Commodity Gold & Silver Weekly Outlook 16-Mar-2015

Gold Weekly

Last week Gold closed at 25890 below 21 & 55 Daily EMA which is at 26785 & 27390 respectively. On weekly charts it closed below the support line of symmetrical triangle. In upcoming week Gold has immediate resistance at 26000-26100 & immediate support at 25500.If Gold sustains below level of 25500 then it may test the levels of 25300-25100-24820 or else above 26100 it could bounce till 26350-26500. Strength on upside is limited so any sharp rise could be good selling opportunity.

Sell gold on rise at 26300-26200 for the target of 25750-25600 with the stoploss above 26700 on closing basis.

Weekly Pivot

COMMODITY   R3    |    R2     |     R1     |     P       |     S1     |   S2       |  S3

GOLD            26510 | 26320   |   25950   |   25750   | 25370    | 25180    |  24800

OUTLOOK

Trend: – Bearish | Strategy: – Sell On High

Silver Weekly

Last week Silver traded with bearish node & like to continue the same in upcoming sessions. Last week silver closed at 35553 below 21 & 55 Daily EMA which is at 37559 & 40379 respectively. On Weekly charts it formed a symmetrical triangle (Black lines ) & managed to traded below ascending broadening wedge ( Red dotted lines). In upcoming week Silver has Resistance at 35700-36150 & immediate & crucial support at 34800. If Silver sustain below 34800 then could test the levels of 34350.Multiple close below 34300 will see free fall till 33000 and more on the other hand if it manage to sustain above 36150 could bounce till 36500-36700. Fresh buying suggested only above 40000. MACD & Stochastic confirms enough strength for down side movement.

Sell silver on rise at 36150-36200 for the target of 34800-34300-33700 with the stop loss above 37300 on closing basis.

COMMODITY   R3 |    R2      |     R1     |     P       |     S1      |   S2        | S3

Silver            37490| 36840   |   36185  |   35535   | 34880     | 34235     | 33580

OUTLOOK

Trend: – Bearish | Strategy: – Sell On High

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MCX Commodity Gold & Silver Weekly Outlook 23-Feb-2015

Gold Weekly

Last week Gold closed at 26277 below 21 & 55 Daily EMA which is at 26827 & 26973 respectively. On weekly it significantly breaks a symmetrical triangle & traded below rising channel supported by good volume. MACD & Stochastic are also generating the bearish sentiments. In upcoming week Gold has Resistance at 26500-26850 & immediate support at 26050.If Gold sustains below the psychological level of 26000 then could test the levels of 25900-25750. Below 25550 will see free fall till 25300-25100.

Weekly Pivot

COMMODITY   R3    |    R2     |     R1     |     P       |     S1     |   S2       |  S3

GOLD            27545 | 27210   |   26745   |   26405   | 25940    | 25600    |  25140

OUTLOOK

Trend: – Bearish | Strategy: – Sell On High

Silver Weekly

Last week Silver traded with extreme bearish node & closed at 36314 below 21 & 55 Daily EMA which is at 37461 & 37648 respectively but still not able to break the suggested resistance of 38920. On Weekly charts it traded below the support line of a ascending broadening wedge short of formation. In upcoming week Silver has Resistance at 37000-37200 & immediate support at 36000-35700. If Silver sustain below 35700 then could test the levels of 35300.Multiple close below 35200 will see free fall till 34300 on the other hand if close above 37300 could bounce 37800- 38400.We could expect a high volatile trade in silver in coming week.

COMMODITY   R3 |    R2      |     R1     |     P       |     S1      |   S2        | S3

Silver            40110| 39300   |   37850  |   39985   | 35490     | 34680     | 33190

OUTLOOK

Trend: – Bearish | Strategy: – Sell On High

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Commodity Market Weekly Outlook 10-Feb-2015

Gold Weekly

Last week Gold closed below 21 DEMA & 55 DEMA which is at 27405 & 27180 respectively. In upcoming week Gold has Resistance at 27300-27650 & support at 26650 .On Weekly charts it breaks a rising channel and supported by good volume & confirmed sell signal by Stochastic supported by RSI. If Gold sustain below 26650 then could test the levels of 26450-26300.Multiple close below 26280 will see free fall till 26050-25700. Any sharp rise in price could be a good selling opportunity.

Weekly Pivot

COMMODITY   R3    |    R2     |     R1     |     P       |     S1     |   S2       |  S3

GOLD            28705 | 28275   |   27540   |   27110   | 27370    | 25940    |  25200

OUTLOOK

Trend: – Bearish | Strategy: – Sell On High

Silver Weekly

Last week Silver closed below 21 DEMA & 55 DEMA which is at 38153 & 37880 respectively. In upcoming week Silver has Resistance at 38150- 38550 & support at 36200 .On Weekly charts it breaks a rising wedge and supported by good volume & confirmed sell signal by Stochastic supported by RSI. If Silver sustain below 36200 then could test the levels of 35750 multiple close below 35600 will see free fall on the other hand if close above 38200 could bounce 38800-40000. Fresh buying will generate only above 40000. We could expect a high volatile trade in silver in coming week.

COMMODITY   R3 |    R2      |     R1     |     P       |     S1      |   S2        | S3

Silver            40710| 39855   |   38480  |   37585   | 36170     | 35315     | 33900

OUTLOOK

Trend: – Bearish | Strategy: – Sell On High

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Today’s Mcx Gold Silver Market 05-02-2015

Gold Futures Gain 0.3% on Global Cues

Silver Futures Down 0.3% on Weak Overseas Cues

Gold Futures Down 0.2% on Weak Global Cues

Gold prices rose by Rs 0.26 to Rs 27,359 per 10 gram in futures trade today as speculators indulged in creating fresh positions amid a firm global trend. At the Multi Commodity Exchange, gold for delivery in April rose by Rs 71, or 0.26%, to Rs 27,359 per 10 grams in a business turnover of 848 lots.

Silver prices declined by Rs 124 to Rs 38,440 per kg in futures trade today as speculators reduced their exposures amid weak trend in the global markets. At the Multi Commodity Exchange, silver prices for delivery in far-month May contracts traded lower by Rs 124, or 0.32%, to Rs 38,440 per kg in business turnover of 9 lots.

Silver prices declined by Rs 124 to Rs 38,440 per kg in futures trade today as speculators reduced their exposures amid weak trend in the global markets. At the Multi Commodity Exchange, silver prices for delivery in far-month May contracts traded lower by Rs 124, or 0.32%, to Rs 38,440 per kg in business turnover of 9 lots.

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