Gold Levels 18/4/2013

Levels for Gold

Upside Levels:
1385 is the strong level, if market closes above the 1385 then it will target its next level which is 1400, 1410.
 with a dramatic down of gold, its correction is still pending, which can go up till 1420/25.
Over all market is Bearish, and its levels are critical downside, which are:
1341 (hit)
1320
and 1310

 Where as 1323 level will confirm the drop till 1310(if market closes below 1323)
For further Strategies read comments below, it will be updated after every hour, for better signaling

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Radhakirshan Khatri
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Due to some Technical Difficulties, We are aunable to upload dailly reports, we hope reports will resume from monday.

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GOLD ANALYSIS, 8th April

GOLD ANALYSIS

Comments:

If market breaks and sustain above the 1580 level then it may test its strong resistance at 1588. If market succeed in breaking its resistance and sustained above, it may tend to its another strong resistance at 1616 and the behavior of the market will be follwing:

1588

1595

1600

1608

Otherwise the market can test its support at 1568 by breaking the 1575 and 1571 levels. if support is broken then it may go next level down to:

1560

1555 (Strongest Support)

1550

1540

If these levels are broken then market might be free fall to 1525

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GBP/USD, 8th April

GBP/USD ANALYSIS

Comments:

In our opinion German manufacturing data will impact the GBP/USD, as MACD Indicating the upside moment, since 1.5212 is the strong level, market may touch it if the data is not good or other factors like Bernake speech pending for today.

Slow moment is expected today as well before data announcement.

Levels for higher sides are:

1.5343

1.5398

1.5458

Levels for downside movement are:
1.5300
1.5270
1.5235
1.5212

If the market drops down and does not breaks the 1.5212 it is more likely to go upward and retest its 1.5300 level where it will gets room to drop again, Look out for trade as it is vulnerable, and heading for sideways.

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GBP/USD 5th April 2013

 GBP/USD Analysis 

Comments: 

Resistance at 1.5260 may be the next level for market to break, otherwise still there is an indication for securing a short position in market. 

Lets wait for london session to open before taking any position today. There are certain levels to be broken before a decision for any position, Lets look at the bollinger, which indicates a mix views, MACD still in our opinion can give a false reading today, RSI is at a point from where it has turned several times, but still there is a risk.

For confirmation, follow the following levels, 

1.5216

1.5180

1.5170

1.5160

1.5145

1.5030

These are the levels for downside market, but the the level of 1.5170 need to be broken, in order to confirm the selling position till 1.5140.

If market moves upside and breaks 1.5260 then it is expected to go 1.5300. 

We will update the strategies after 1 hour according to the situation prevails in market, Keep visiting our blog and scroll todays Comments on this post.

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Gold Analysis, 5th April

GOLD ANALYSIS

Comments:

There is strong resistance at 1555, if the market breaks this level upside then the behavior of market will be follwing.:

1560

1565

1571

1575

If the maket contiues it move downside, which is more likely to happen, then it will be move in follwing pattern:

1549

1544

1540

If market breaks these levels it may go till 1533 and there is strong support @ 1530 and its last support is 1525.

Trade Strategy: SELL

critical levels for selling are present between 1558-1549

If market sustain and break1544 and go short till 1533 and 1530

If market bounces at 1525, then buy it.

Trade Strategy : BUY

Levels for buying are above 1560 till 1580

Go long if market breaks 1558

We will update Strategies according to sessions in comments kindly visit for updates

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GBP/USD Report 4th april 2013

Dated : 4^th April 2013

GBP/USD ANALYSIS

Comments:

In view with the Data release today:

UK (GBP):

Service PMI

Official Bank Rate

Asset Purchase Facility

MPC Rate Statement

USD ($):

Unemployment Claims

FED Chairman Bernanke Speech

Market is already discounting the expected NEWS, for which the levels of market is given below for today:

1.5085

1.5065

1.5040

1.5000

If market breaks the level of 1.5040, it will go for 1.5000 hunt. Data is considered to be the most influential in nature, so that Trader must look for this above said 5040 level.

If market takes reversal, at this point, it must hunt following levels:

1.5144

1.5174

1.5234

1.5322

For the clear up indication in the market it must cross 1.5218 and then 1.5260 (which is a strong Resistance) so that market then freely moves to 1.5322.

Tips for Today Trading:

Go Short till 1.5060 (Be carefull at time of news release)

Then After 1.5040 go short for 1.5000

OR

If market goes rapidly down on the release of  news, go short till 1.5000
Market will attempt 1.5000 and will go up at 1.5100,
Sell at High.
 Buy at low at 1.5000 till 1.5100 and then again sell at high, But donot buy after 1.4950.

If you make profit on this tip, Kindly leave a comment here or email us.

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