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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Global Commodity Market outlook For Gold and Silver

Due to Global news Gold Prices may touch $2000 an ounce. The European central Bank wll have to create more money to assist the debt burden in Europe, and that will be good for
gold," said Standard Bank analyst .Gold should therefore continue to profit from the persisting high uncertainty," said Commerzbank in a note.   
The euro was slightly higher on the day, changing hands at $1.3641 and staying above a one-month low of $1.3484 touched on Thursday. For the week, the euro is still down about 1.5 percent.

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MCX Bullion Market Analysis and Tips for Today

Gold trading is slow today. While silver is a declining trend. International market is trading strongly with the gold, the silver has been in decline.  on COMEX  gold trading at 1,764 dollars per ounce with up 0.3 percent.
on the COMEX Silver is trading under $ 34 with down of  0.5 percent . on MCX gold is trading at about Rs 28 660 the weakness of 0.15 percent . on MCX Silver is trading at Rs 56 800 0.5 percent fall.
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MCX Commodity Tips :- Gold Silver Support and Resistance For Today

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GOLD (DEC)                               SILVER (DEC)

TREND	Bullish
RESISTANCE 2	29200
RESISTANCE 1	28950
SUPPORT 1	28300
SUPPORT 2	27980
STRATEGY	Buy on lower levels

TREND	Consolidate
RESISTANCE 2	60500
RESISTANCE 1	58400
SUPPORT 1	55300
SUPPORT 2	54100
STRATEGY	Buy on lower levels

Yesterday's highlights | MCX Gold Silver Strategy For Today

GOLD TRIMS LOSSES ON ITALY NEW GOVERNMENT HOPES.
CRUDE RISES NEAR THREE-MONTH HIGH ON EUROPE SENTIMENT, U.S. INVENTORIES.
COPPER FALLS ON ITALIAN DEBT WORRIES, DOLLAR.
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MCX Commodity Tips:- Gold Silver Trading Strategy and Call

The Gold is in perfect uptrend .Currently Gold is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Gold Cautious point is buying at higher levels seems decreasing.
Support for the Gold is 27880-27700-27260-27075-26990-26235-.Resistance for Gold is 29240

MCX Commodity Live News :- Silver and Gold Trading Tips Intraday