LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

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

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

Gold Stocks: Mighty Bull Flags Begin Now
By: Stewart Thomson

Bonds and Equities Versus Gold
By: Richard (Rick) Mills

Time for an International Gold Reset
By: Gary Christenson

Gold Is Going Higher – But Brace Yourself For Volatility
By: Dave Kranzler

Precious Metals Update Video: Gold pullback or correction coming?
By: Ira Epstein

Bitcoin Is Going To Zero - Or $100,000
By: Avi Gilburt

An Extravagant Price Target for Bitcoin Mania (video)
By: Rick Ackerman, Rick's Picks

Big Tech, Big Banks Push for “Cashless Society”
By: Stefan Gleason

Gold Gets a Boost of Rocket Fuel From Negative Bond Yields
By: Frank Holmes, US Funds

The Gold (and Silver) Volcano Is Ready to Erupt
By: David H. Smith

 
Search

GoldSeek Web

 
Asian Precious Metals Update: February-5, 2019



By: Chintan Karnani, Insignia Consultants

 -- Published: Tuesday, 5 February 2019 | Print  | Disqus 

Nymex Crude oil rose twenty percent in January (till 1st February close). The pace of rise for crude oil will be crucial for global economy. Part of the rise is attributed to short covering. If crude oil rises quickly due to Venezuela, then chances of global economy moving into recession will be very high. Global economy has not yet fully recovered from energy shocks of last year.

 

USA and Russia withdrawing from the INF treaty should be bullish for gold, silver and other safe havens. The impact will be serious. Global economic conditions do not warrant an interest rate hike by any central bank. If US February nonfarm payrolls matches January, then chances of June interest rate hike by the Federal Reserve will be very high. US economy continues to shine in January but fears persist.

 

Industrial metals will be very volatile on Chinese closure. A lot of Asian markets are closed today. Trading volumes are thin. News flow will be the key driver today.

 

COMEX GOLD APRIL 2019 – current price $1318.10

Bullish over $1312.10 with $1325.50 and $1332.60 as price target

Bearish below $1309.20 with $1304.10 and $1292.80 as price target.

·           Gold needs to trade over $1309-$1312 zone to rise to $1331 and $1339.

·           Small sell off will be there below $1312.

·           There can be very sharp two way moves.

Gold April 2019: (previous day close/CMP Rs.33467)

Bullish over 33515 with 33686 and 33822 as price target.

Bearish below 33400 with 33224 and 32899 as price target.

One Support: 33400

One Resistance: 33608

·           Small sell off will be there below 33400.

·           Gold needs to trade over 33500-33550 zone to rise to 33750 and 33900.

·           Remain on the sidelines today as direction of the rupee impact more than global prices.

·           Momentum is still bullish.

(prices in Indian rupees above)

HAPPY PROFITABLE TRADING

Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, crypto 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 Chintan Karnani

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

ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED

Follow us on Twitter @insigniaconsul1

UK session starts around 1:00 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/Whatsapp/Telegram: 9311139549

You can also mail your queries at ‘s

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, 5 February 2019 | 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 - 2019



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


Map

The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC 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, Gold Seek LLC, is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.