Archive for the Category ‘Gold Trading’

Gold futures trading at strong resistance levels of USD 1218.75 at 8/8 of Gann

Gold futures trading at strong resistance levels of USD 1218.75 at 8/8 of Gann

MUMBAI, Aug 15(www.GoldTradingCalls.com)  Gold futures trading settles moderately lower as rising dollar hampers gold surge.  On the week, gold rose 0.9%, making it the second weekly gain for gold. Gold has gained in four out of the eight past weeks.
Gold trading futures hit a six-week high on Thursday, playing off disappointing data from the Labor Department [...]

Mcx Gold Tips| MCX Gold bottoms and is expected to face a strong corrective resistance around USD 1219 levels

Mcx Gold Tips| MCX Gold bottoms and is expected to face a strong corrective resistance around USD 1219 levels

MUMBAI, July 21 (www.GoldTradingCalls.com) Gold Prices are steady on Wednesday after rising 1 percent on the previous day on technical buying.
* Spot gold stood at $1,191.45 an ounce by 0037 GMT. Bullion had dropped to a 2-month low at $1,175.35 on Tuesday before rebounding sharply to above $1,190 an ounce.
* U.S. gold futures for August [...]

MCX Tips|Gold Tips|Gold trading|Mcx Gold Tips| MCX Gold is expected to face a strong resistance around INR 18916-18929 levels

MCX Tips|Gold Tips|Gold trading|Mcx Gold Tips| MCX Gold is expected to face a strong resistance around INR 18916-18929 levels

MUMBAI, June 21 (www.GoldTradingCalls.com) MCX Gold is expected to face a strong resistance around the 18916-18929 levels during this weeks trading. These levels coincide with the .618 retracement levels from the earlier trend down.  These levels also in the visinity of Gann 6/8 level at INR 18906 and Gann 7/8th level at INR 18984
Trades should [...]

Gold Price confirms yearly top for 2010 at USD 1250 – Gold Prices to fall for most part of 2010

Gold Price confirms yearly top for 2010 at USD 1250 – Gold Prices to fall for most part of 2010

MUMBAI, May 21  (www.GoldTradingCalls.com) Comex Gold Price futures made an all time 2010 high on May 14th 2010  at 1249.50  and continue to extended their slide to a two-week  Friday low as investors kept exiting the metal in a general move away from riskier assets and to generate cash to offset recent losses in other [...]

Gold Price Makes an Intermediate 4-month high at USD 1169 an ounce

Gold Price Makes an Intermediate 4-month high at USD 1169 an ounce

MUMBAI, April 12 (www.GoldTradingCalls.com) Spot Comex gold Price stood at $1,155.25 per ounce at 0001 GMT compared with New York’s notional close of $1,155.00 after making an intermediate high at $1169.

Gold Price Trend Forecast Feb 2010 – Makes Intermediate Top at USD 1131

Gold Price Trend Forecast Feb 2010 – Makes Intermediate Top at USD 1131

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.

www.GoldTradingCalls.com
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India Gold imports at 459 tons in 2009 hit a 13-yr low from 1997

India Gold imports at 459 tons in 2009 hit a 13-yr low from 1997

MUMBAI, Feb 19 India’s gold imports hit a 13-year low in 2009, as price-elastic consumers abstained from fresh buying in the first quarter. Although the trend had changed by the second quarter and continued so, full recovery wasn’t seen

Gold Price Trend Forecast 2010 – Bearish

Gold Price Trend Forecast 2010 – Bearish

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.

www.GoldTradingCalls.com
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MCX Gold prices closed at INR 16,435;Silver slides down to INR 27,415

MCX Gold prices closed at INR 16,435;Silver slides down to INR 27,415

MUMBAI, Jan 24 (www.GoldTradingCalls.com) MCX Gold prices recovered by INR 50 to INR 16,485 per ten grams at the Gold bullion market here today on fresh buying by stockists and jewellers despite weak trend in overseas gold markets.

MCX/Comex Gold futures make intermediate Top at USD 1140 for Jan 2010

MCX/Comex  Gold futures make intermediate Top at USD 1140 for Jan 2010

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 [...]