Gold calls.Long term -medium term and intraday calls in gold is here !.

Calls/Signals provided by "sujithsstorock" have earned me profit ?

  • YES

    Votes: 51 36.4%

  • NO

    Votes: 89 63.6%
  • Total voters
    140
  • Poll closed .
Scared to death of these levels - maybe its time to sit out and wait for a downside break. And a big thank you to Trichet for helping to pummel my beloved dollar even more!



The Dollar reached a 14 month low against all majors after continuous signs of global recovery increase investors\' appetite for risk. Adding to that was the U.S. Initial Jobless Claims that decreased to 10-Month Low of 521,000 and pushed the investors to higher yielding assets. NASDAQ and Dow Jones rose by 0.64% and 0.63% respectively. Crude oil jumped by 3%, closing at 71.69$ a barrel on the back of the Dollar\'s weakness and despite an increase in oil and gas inventories. Gold (XAU) reached to a new record high of 1060$ but closed lower at 1055$ an ounce. Today, Trade Balance is expected to slightly decrease from -32.0B to -32.8B.
 
Dollar strength and the recent rally in gold may be causing some investors to sell gold, but with the ease at which it is going through these psychological round barriers, I’m still buying on every dip. Hedge funds increased their net long positions in the week ended Oct 6 according to USCFTC data.
 
Copper

Copper has a Support at 291.80 if break than can drive till 288-284 as well if not break and sustain than can fire till 296-300
Major Levels to watch

Resistance: 296.10-300.80
Support: 291.80-287.80

Zinc

Zinc has resistance at 96.10 above this can hit till 98 a strong support at 94 and 93.10
Major Levels to watch

Resistance: 96.20-98.20
Support: 94-93.10


Natural Gas

Natural gas has a small resistance at 234 above this some fire else weak

Major Levels to watch

Resistance: 234-239
Support: 221-217


Crude

Crude has a resistance at 3430 if cross than can hit 3450-3500+ however a failure below 3358 can give till 3320-3280 as well

Resistance: 3430-3460
Support: 3360-3320


Gold

Gold has a resistance at 15940 if not cross than can roll backtill 15800-750 however a strong support at 15670 below this it can draw till 15400

Major Levels to watch

Resistance: 15940-16085
Support: 15670-510


Silver

Silver has a resistance at 27660 if not break than can roll back till 27400-100 however a signal above 27660 can hit till 27900+

Major Levels to watch

Resistance: 27660-27890
Support: 27420-27180
 
activecommodity said:
Crude has a resistance at 3430 if cross than can hit 3450-3500+ however a failure below 3358 can give till 3320-3280 as well

Resistance: 3430-3460
Support: 3360-3320
Click to expand...
Agree... and in fact sold most of my UCO position when crude bumped above $73.76 (3430INR).
As usual, it could always go a little higher this "cycle", but who want's to squabble over pennies... no one ever made a profit by watching the blinking green lights turn red... :cheesy:

Happy trading,
AC
 
: 1062 was a strong resistance n it broke down in london session. myt be a false break out and newyork myt surprise with a dump
 
Gold hit a record high of $1,068.40 an ounce in early trading, settling at $1,064.20, up $7.50. Hedge against inflation, hedge against volatility, hedge against weak dollar, momentum trading, best store of value, ETF fund accumulation – whatever the reasons the media wants to put on it – I’m continuing to buy gold. Now Taiwan is jumping on the train, announcing that it may consider buying gold, according to central bank Governor Perng Fai-nan.
 
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