5:32 PM
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GOLD
Gold market fall for the course of the week but got enough supporting hands at 1190.00 and got a strong buyers who pulled the market to 1236.00 since in last week we got the extraordinary breakout for the gold and a little down was expected to come and we found the prices too coming down for the course of coming week we are finding the yellow metal to be bit risky as a sort of undeceive candle is formed on the cart. Trading Signals Free Trial
Forecast
Selling seems to be a wise decision in the yellow metal where buying can only take place only above 1245.00 where a down move can be expected till 1140..00
CRUDE
Crude oil market initially rallied during the course of the week, a downfall was noticed on Friday as well. On the current scenario chart of crude oil speaks for the consolidation for the coming days too. As oil had touched the lows in last few days and tried hard to jump from the support somewhere it got succeeded too but not reliable. To gain the trust the of investors oil need to sustain above the handle of 41.00 which can be a safer hand to invest.
Gold market fall for the course of the week but got enough supporting hands at 1190.00 and got a strong buyers who pulled the market to 1236.00 since in last week we got the extraordinary breakout for the gold and a little down was expected to come and we found the prices too coming down for the course of coming week we are finding the yellow metal to be bit risky as a sort of undeceive candle is formed on the cart. Trading Signals Free Trial
Forecast
Selling seems to be a wise decision in the yellow metal where buying can only take place only above 1245.00 where a down move can be expected till 1140..00
CRUDE
Crude oil market initially rallied during the course of the week, a downfall was noticed on Friday as well. On the current scenario chart of crude oil speaks for the consolidation for the coming days too. As oil had touched the lows in last few days and tried hard to jump from the support somewhere it got succeeded too but not reliable. To gain the trust the of investors oil need to sustain above the handle of 41.00 which can be a safer hand to invest.
ForecastFor the course of the week we can initiate buying above 36.00 which can be hold till 40.00 as the 40.00 is a break at which the market will test to break the resistance. If the resistance get broken then we can look forward to the levels of 46.00
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