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Saturday, November 12, 2011

Gold and Silver Weekly Technical Report and Strategy 14th To 18th Nov. 2011

GOLD WEEKLY STRATEGY
For the next week traders can use buy on lower level strategy if COMEX Gold sustains above 1780 $ an ounce, then  above1805 $ it can test the level of 1820$/1835$/1855$ $ an ounce. And in MCX Gold above 29080 it can test the level  of 29280/29480/29680. Trade by keeping the strict stop losses.
Major support for COMEX Gold in the coming week is 1700$ and 1600$.
Major resistance for COMEX Gold in the coming week is 1840$ and 1900$
Major support in MCX Gold is 28000and 27100

SILVER WEEKLY STRATEGY
Technically COMEX Silver is consolidating on charts. For the next week traders can use buy on lower level strategy if Silver sustains above the level of 3530$ an ounce, then above 3560$ COMEX Silver can test the level of 3660/3720$ an ounce. And in MCX Silver sustains above 58300 then it can test the level of 59200/60500, Trade by keeping the
proper stop losses.

MCX Commodity Newsletter For Monday 14th Nov. 2011

GOLD RISES 1.5 PCT ON EUROPE HOPES, TRACKS S&P.
OIL EXTENDS RALLY TO NEAR $100 ON OPTIMISTIC CONSUMER SENTIMENT.
COPPER UP; ITALY, GREECE ON TRACK TO FORM UNITY GOVT.
DOMESTIC OIL AND OILSEED TRADE STEADY.
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MCX Bullion Weekly Technical and Fundamental Report 14th Nov To 19th Nov 2011

MCX Bullion Weekly Technical and Fundamental Report 14th Nov To 19th Nov 2011

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