XAUUSD SIGNALS

Weekly Forecast, 09 - 13 December

Main scenario:
The pair is trading along an sideways trend.
The downtrend may be expected to continue in case the market drops below support level 1236, which will be followed by reaching support level 1200.

Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1251, which will be followed by moving up to resistance level 1270 and then to 1289. And if it keeps on moving up above that level, we may expect the pair to reach resistance level 1330.

S/R levels:
Supports: 1236 (main), 1221 (strong), 1200
Resistances: 1251 (main), 1270 (strong), 1289 (main), 1330 (strong)

mcxtips

MCX  TIPS Silver silver December as seen in the weekly chart above has opened the week at 54,620 levels initially made a low of 54,551
levels and then rallied sharply throughout the week breaking both the resistances finally made a high of 61,180 levels. Later
prices corrected towards 55,125 levels and finally closed higher from the previous weeks closing levels.
For the next week we expect silver prices to find Resistance in the range of 57,000 – 57,100 levels. Trading consistently
above 57,350 levels would lead towards the strong Resistance at 59,690 levels and then finally towards the major
Resistance at 63,750 levels.
Support is now observed in the range of 53,100-53,000 levels. Trading consistently below 52,900 levels would lead towards
the strong support at 50,540 levels, and then finally towards the Major support at 49,730 levels.
MCX / Spot Silver Trading levels for the week
Trend: Down
S1-53,050 / $ 22.82 R1-57,000 / $ 24.02
S2-50,540 / $ 22.20 R2-59,690 / $24.62
Weekly Recommendation: Sell MCX Silver December between 56,950-57,050, SL-58,201, Target -53,100.
mcxtips,live mcx tips, live mcx tips, commodity tips free trial, 

29 august evening intraday commodity updates || today MCX gold silver tips || Live MCX evening tips for today

mcxtips Technical Outlook valid for August 29,
Unit Support
Spot Gold $/oz 1403/1393

MCX Gold Oct’13 Rs/10 gms 33250/33000
Spot Silver $/oz 23.90/23.60
MCX Silver Sept’13 Rs/kg 55200/54600
Commodities Daily Report
Thursday| August 29


Market Highlights - Gold (% change)
Gold Unit Last
Gold (Spot) $/oz 1417.6
Gold (Spot -
Mumbai)
Rs/10
gms
34250.0
Gold
(LBMA-PM
Fix)
$/oz 1419.5
Comex Gold
(Oct’13)
$/oz 1419.0
MCX Gold
(Oct’13)
Rs /10
gms
33715.0
Market Highlights - Silver (% change)
Silver Unit Last Prev day
Silver
(Spot)
$/oz 24.3
Silver
(Spot -
Mumbai)
Rs/1 kg 58900.0
Silver
(LBMA)
$/oz 2474.0
Comex
Silver
(Sept’13)
$/ oz 24.4
MCX Silver
(Sept’13)
Rs / kg 55776.0
Technical Chart – Spot Gold
Spot gold prices increased around 0.1 percent yesterday on the back of
recovery in the global market sentiments. Further, rise in SPDR gold
holdings to 921.03 tonnes supported an upside in prices.
However, sharp upside in prices was capped on account of strength in
day high of $1433.31/oz
and closed at $1417.60/oz in yesterday’s trading session.
On the MCX, Gold October contract traded on a flat note yesterday
after touching an intra-day high of
Taking cues from strength in the DX along with downside in base
metals complex, Spot silver prices fell around 0.5 percent yesterday.
m US acted as a negative
However, sharp downside in prices was cushioned as a result of rise in
day low of $24.21/oz
ces fell around 2.6 percent and closed at
In the Indian markets, Rupee appreciation is expected to exert
In the international markets, gold prices are expected to fall on the
back of correction seen in the markets after a sharp rise in prices in
previous trading session. However, sharp downside will be cushioned
as a result of upbeat global market sentiments along with weakness in
August 29, 2013
Resistance
1418/1427
33600/33800
24.30/24.60
56200/5680

7 august evening intraday commodity updates || today MCX gold silver tips || Live MCX evening tips for today

Commodity market turn to fully red , gold break the level and comes under 27400 and touch an intraday low of 27364 per 10 gram at MCX for future active delivery. Similarly Mcx silver for future delivery fall by more than 700 point had touch a low of 40765. More declined is being experienced in bullion prices in evening trade at MCX with volatile movement.

MCX crude oil weak on intraday trading for future delivery , today for august delivery it touch a low of 6440, Meanwhile a mixed trend is expected to trade on evening session. Dollar VS Rupees level affect the trend and forces back in downside.

Today MCX copper fall by more than 0.40 percent to 427.20 at 3:31 pm. More declination is look on copper prices for future delivery. However due to strong dollar and overseas support base metal expected to trade with a mixed trend.

Mentha oil prices make a good recovery on afternoon trade after morning bearish watch at MCX. Today for august delivery it touch a low of 842.30 and high level of 861.50.

nickel supp 835 if holds buy 

copper too