Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Seeker Weekly Wrap-Up: Gold and Silver Find Modest Gains on the Week
By: Chris Mullen, Gold Seeker Report

Gerald Celente: Fed May Bring Down the Economy, Crash Markets
By: Mike Gleason

COT Gold, Silver and US Dollar Index Report - September 21, 2018
By: GoldSeek.com

GATA appeals to the new Shareholders Gold Council
By: Chris Powell

A Constructive Suggestion
By: Theodore Butler

Gold Exodus to Reverse
By: Adam Hamilton, CPA

Signals for the Coming Crash in Stocks and Rally in Gold
By: David Brady, CFA

Trade War vs. Commodities
By: Louis James

GATA asks CFTC if market rigging by U.S. govt. is legal
By: Chris Powell

Is This Time Really Different? Fed Tightening and Gold
By: Arkadiusz Sieron

 
Search

GoldSeek Web

 
Asian Metals Market Update



By: Manan Somani, Insignia Consultants

 -- Published: Tuesday, 11 March 2014 | Print  | Disqus 

There are no major US economic data releases today. It will be a technical trade with Ukraine developments as the key. Concerns over Chinese economic growth have resulted in a fall in base metal prices. The longer gold trades over $1326 on daily closing basis the higher are the chances of a rise to $1360 and $1392. Silver and copper need to trade over $2048 and $298 on daily closing basis to target $2225 and $321.

News will be the key. Indian physical gold buyers will be looking forward to big price falls to buy gold. They are waiting for now. The Hindu summer marriage season will start from next month till July. Those who have their marriages and plan to marry this summer will be using the gold price fall to buy gold. There is a lot of speculation in India that the gold import custom duty will be cut. We expect this to happen in the first week of April.

TECHNICAL VIEW

COMEX GOLD APRIL 2014 – current price $1339.80

Bullish over $1335.00 with $1347 and $1356.00 price target

Bearish below $1329.00 with $1324 and $1317.00 as price target

Neutral Zone between $1329.00-$1335

Break point: $1342.20

  • Key intraday support is at $1333 and gold needs to trade over $1333 to target $1352-$1369
  • There will be sellers only if gold trades below $1333 either in the UK session or the US session

MCX GOLD APRIL - prices in Indian rupees below

Two week view: As long as gold trades over 29800 the chances of a rise to 30650-30800 are very high. A bearish trend will be there will be there if gold does not break 30650 in the next two weeks and/or gold falls below 29800.

Today’s view: Gold needs to trade over 30060 to target 30360-30550. There will be sellers if and only if gold trades below 29980 either in the UK session or the US session.

Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, metals and commodities reflect the views of the individual analyst, In no event shall Insignia Consultants or its employees have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of Information. Nothing in this article is, or should be construed as, investment advice. Prepared by Manan Somani

Disclosure: Insignia consultants or it employees do not have any trading positions on the trading strategies mentioned above. Our clients do have positions on the trading strategies mentioned in the above report.

Trade without emotions

"Print this report only if absolutely necessary. Save Paper. Save Trees."

NOTES TO THE ABOVE REPORT

UK session starts around 1:30 pm Indian Standard Time (+5:30 GMT) -- after the release of LME daily inventories

US session starts at 6pm pm Indian Standard Time (+5:30 GMT)

PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS

PLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.

THE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT

Customer care: 9311139549

You can also mail your queries at insigniacommodity@gmail.com

Chat Id: mcxsuretips@gmail.com (gtalk), insigniaconsultants@yahoo.com (yahoo)

              (10:30 am to 5:30 pm Indian time, Monday to Friday)

 


| Digg This Article
 -- Published: Tuesday, 11 March 2014 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus
1080-81, Ugger Sen Street,”Somani Bhawan”
Sita Ram Bazar, New Delhi-110006. India.
Ph: [O] 91-11-30919880 [M] 09811139549
Website: www.insigniaindia.com
Email:





 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2018



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.