Thursday 19 June 2014

Gold View Update Spot & MCX

Gold View 13-June-2014

As per my analysis, if 25755 holds support, we may see 26932, 27660 positionally. The main trend of Gold is Down as per my analysis. This up move is just a retracement. This view will be correct if and if only 25755 holds support.
http://freetradingcallss.blogspot.in/2014/06/gold-view-13-june-2014.html

Positoinal View of Gold 11-06-2014

My first analysis on Gold:
This is my 1st analysis on Gold. I expect upmove on Gold.

CMP 26170. SL 25900. TGTs 27197, 28086, 28698, 29415, 30495.
Intraday 1st tgt 26205.
http://freetradingcallss.blogspot.in/2014/06/positoinal-view-of-gold-11-06-2014.html


SPOT GOLD view 16-6-2014

As per my technical analysis,
Supports for Gold are: 1245.68, 1240.22, 1182.46, 1180.16.
Positional Targets: 1514.60, 1589.86

Now I expect a retracement. Retracement levels are: 1275.61, 1269.86, 1265.22, 1260.67, 1257.14, 1245.63. Any reversal from these levels, my 1st tgt is 1284.81.
Sell SL: 1285.
Buy SL: 1245.
Positional Buy Stop Loss: 1240/1235. This buy call is valid as long as these levels supports.

Best sell entry: 1277-81. Note: This is retracement call and risky. This will be in place as long as 1285 holds resistance. Above 1285 buy.

My Sell Target is 1265.88-1267 with SL 1285. Gold Achieved 1265.8
I expect gold to reach 1284 before any move below 1245.
 http://freetradingcallss.blogspot.in/2014/06/comex-gold-view-16-6-2014.html