Mumbai, Feb 23 Gold Price futures are trading near steady as investors pull the metal down from one-month highs overnight amid a waning tolerance for perceived riskier assets.
Our Inhouse Quant model on Gold Trading calls in BLUELINE Superimposed on price chart clearly shows that Gold has made a lower intermeidate top on Feb 21 and should resume downward bias for next few weeks . We advise investors to be wary of being on the long side of the trade.
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MUMBAI, Jan 04 (www.GoldTradingCalls.com)– Global Markets led by U.S. stocks dropped, sending the Dow and Standard & Poor’s 500 Index down the most since April, on disappointing earnings, an unexpected increase in jobless claims and growing concern that Greece, Spain and Portugal will struggle to curb their budget deficits.
Global Indices enter Bear Phase
As per the charts, we see the Dow has broken the upward sloping Trend Line confirming substantail correction in the Global Indices. With the recent low being broken yesterday Dow has confirmed that we are in long term Bear Phase.
February 5, 2010 | Posted in
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Mumbai, Jan 30 – India’s wholesale gold demand abated on as traders eyed a further fall in prices, while a stronger rupee aided sentiment.
International spot gold prices was trading at $1,092.30/1,093.00 an ounce .
Our Inhouse Quant model on Gold Trading calls in BLUELINE Superimposed on price chart clearly shows that Gold has made a lower top on Jan 11 and should continue its downward bias for most part of the year. We advise investors to be wary of being on the long side of the trade.
We are Bearish on GOLD prices for MOST PART OF 2010. Do keep checking our blog for an updated Gold price trend forecast for 2010.
“Conversation of Capital is more important than return on Money” This should be an important theme for 2010 across asset class.
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MUMBAI, Jan 21 – Even after good corporate resutls by many frontline corporates, the markets failed to make any substantail rally. Sensex was moving during the last fortnight within a narrow range, the stock market finally gave way on Thursday, with the Sensex and the Nifty falling 2.4 per cent.
As can be seen on the Nifty chart, Nifty has broken down from the upwared sloping Trendline along with the MACD having given a sell signal. Investors are advised to book profits and stay on the sidelines until the Sensex / Nifty bottoms out and we dont think is going to happen any sooner.
Click the url to find out the latest post BSE Sensex ,Nifty Trading calls
Keep checking the recent post now and then, we assure our readers to keep them updated.
Happy Trading
January 22, 2010 | Posted in
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MUMBAI, Jan 21 (www.GoldTradingcalls.com) – The Indian rupee value continues to weaken aganist the USD from a Intermedaite low reached on new two-week lows on 12th Jan at USD INR at 45.09.
We expect USD INR rate to weaken further in the days to come. The chart clearly shows the the USD INR on a Inter mediate rally spree which commenced on Jan 12th. We have over layed USD index on the charts and it clearly shows USD INR has a positive corelation and mimics USD.
So what does it fortell to our Indian Markets future course for the new few weeks ? Keep checking my other post on my site.
Happy Reading
January 22, 2010 | Posted in
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MUMBAI, Dec 26 (www.GoldTradingCalls.com) Gold price futures makes an intermediate top at USD 1140 on Jan 07 and is on corrective mode for the next 2-3 week period. This is corraborated by the fact Gold price has broken below the upward trend line shown in the graph above.
From Elliott wave prespective we can clearly the rally in [...]
MUMBAI, Dec 27 (www.GoldTradingCalls.com) The dollar fell on Thursday, coming off three-month highs against a basket of currencies after weak U.S. housing data the previous day dampened optimism about the outlook for the U.S. economy.
Other Asian units were also stronger compared to the dollar. The USD INR should be rangebound until the year-end. However, the rupee [...]
December 27, 2009 | Posted in
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Indian Rupee |
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MUMBAI, Dec 26 (www.GoldTradingCalls.com ) USD Dollar consolidating its uptrend as it rose to the highest level in month and made an intermeidate high at USD 78.449. We expext USD Forecast to be correction mode for the 2-3 weeks time frame. The 8hr dollar chart clearly shows MACD has given a sell signal from it over bought levels.
December 26, 2009 | Posted in
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MUMBAI, Dec 23 (www.GoldTradingCalls.com) Gold price bottoms out for Dec 2009 and has staged a multiple week rally.
Traders are requested to trade on the long side and use any correction to place themselves on the long side of the trade.
I shall give a detailed Quant chart analysis during the course of the weekend.
Happy Trading
=====Update=== Dec [...]
MUMBAI, Dec 22 (www.GoldTradingCalls.com) Gold price slide continues at the domestic gold bullion market on Tuesday on emergence of aggressive selling by stockists and traders amid sharp drop in New York. Silver too met with selling pressure due to reduced demand from industrial users.
“Retail participants are showing unwillingness to buy the yellow metal due to [...]
