Tuesday, June 12, 2007

Gold Outlook by Guest Vishal Vyas of SJR Commodities

WEEKLY OUTLOOK FOR GOLD& SILVER :( 11/06/07-15/06/07)

Recap:
Metals had bounced back trying to reverse the downside trend, but in preceding week the sentiments again went in favour of DOLLAR on Thursday when ECB kept interest rate hike on hold, consequently weakening all major currencies and metals against $. Bounce back was a just an illusion of option holders and rollover buying. Metals have resumed their bearish trend and on N.Y closing sessions the game was again under bear control.

Price Outlook/ Trade Recommendations:
Gold was unbeaten to penetrate and enter the safe zone of 681 levels were the bullish trend key lees, resuming the down trend and heading the market to the lower levels of 650. Bear having the control on the game, gold is forced to play in lower level range to 638-668 in following week. Weekly close below 657 levels has kept gold strongly in bearish tone, having major resistance at 657.30 and 667.70. On lower side 647.70 and 639.70 will try to support.

Silver had given good bounce back form strong support levels of 12.940. Overall bearish sentiments have affected silver to maintain its bull run. 12.98 and 12.66 will give strong support to silver while there are many resistances on upper side at 13.235-13.488 & 62 respectively. Silver will trade in longer range of 12.660-13.660.

211 comments:

«Oldest   ‹Older   201 – 211 of 211
Anonymous said...

tramadol online tramadol for depression - buy tramadol online eu

Anonymous said...

tramadol online tramadol tablets - buy tramadol online next day delivery

Anonymous said...

buy carisoprodol carisoprodol generic for soma - carisoprodol while nursing

Anonymous said...

buy carisoprodol cost of carisoprodol 350 mg - carisoprodol 350 mg soma

Anonymous said...

buy cialis online cialis online acquisto - buy cialis professional cheap

Anonymous said...

buy cialis no prescription canada cialis online paypal payment - viagra cialis reviews

Anonymous said...

xanax online xanax and alcohol risks - cheap generic xanax no prescription

Anonymous said...

buy cialis online best place buy cialis online forum - cialis pdo 6

Anonymous said...

http://landvoicelearning.com/#57594 buy tramadol online usa cheap - tramadol opiate

Anonymous said...

buy tramadol online tramadol 319 - tramadol for dogs expire

Anonymous said...

klonopin pill klonopin withdrawal neurontin - klonopin xanax dosage comparison

«Oldest ‹Older   201 – 211 of 211   Newer› Newest»