Stock Market Institute : Precious Metals outlook for the week

Posted By : Kishore B.S

GOLD: [caption id="attachment_203" align="alignleft" width="832" caption="Gold Technical Chart"][/caption]   This precious commodity staged an amazing bounce back last week from the support level of 27400 to the current resistance price level of 28430, now it remains to be watched if the same is taken out which if done would lead the rally to 28610-28800 where some selling cannot be ruled out. The technical trends indicate that

Stock Market Institute : Precious Metals outlook for the week

Posted By : Kishore B.S

GOLD: [caption id="attachment_184" align="alignleft" width="831" caption="Gold Technical Chart"][/caption]   Gold is in the Intermediate Downtrend and in Unable to Cross the 28400-28800 mark from quite long time, the Trend is indicating that the Negativity is likely to Continue and the support zone of 27700-27510-27330  is likely to be tested again. It would be advisable to short on rallies with stoploss of 28300-28440 for the short term.

Stock Market Institute : Precious Metals outlook for the week

Posted By : Kishore B.S

GOLD: [caption id="attachment_163" align="alignleft" width="819" caption="Gold Technical Charts"][/caption]   This Precious Metal has moved up in the last few days crossing the narrow consolidation range of 27700-28050 to 28480 levels, the charts are indicating that the steam for the Upmove seems to be over the commodity is likely to face huge resistance to cross the 28500 mark for the time being above which the strong selling

SMI Precious Metals Outlook for the week

Posted By : Kishore B.S

Precious Metals Outlook GOLD: [caption id="attachment_137" align="alignleft" width="834" caption="Gold Technical Chart"][/caption]   Gold has been moving in very narrow price range from last 2 weeks and consolidating all the while without much direction. There were huge swings in the last week during the budget  and RBI meet sessions apart from which the momentum has been very narrow limited to just around Rs. 200. The technical charts

Stock Market Institute(SMI) Precious Metal outlook for short term

Posted By : Kishore B.S

Precious Metals Outlook: GOLD: Gold Technical Chart Gold has been continuing to be range bound for the last 10 sessions moving in a very narrow range of 27700 to 28200 and thereby consolidating for the next move. Given the global scenario there has been equal number of positive and negative news emanating with recovery of US to deteriorating conditions in China. And since both have huge

Stock Market Institute (SMI)- Precious Metals Outlook

Posted By : Kishore B.S

SMI Precious Metals outlook: GOLD:   Gold Technical Chart Gold has been range bound for the last 4 trading sessions between 27700 – 28150 and the technical charts indicate that the range bound movement is likely to continue further too with some more gains to 28400 -28600 levels on the higher side. On the lower side if the support level of 27700 is broken further weakness

SMI Precious Metals Outlook (www.stockmarketinstitute.org)

Posted By : Kishore B.S

Precious Metals Outlook: Gold TA Chart GOLD: After the rally last week in gold to the first target and resistance level of 28900 it has been consolidating between 28500-28980 range from the last 4-5 sessions. The technical charts indicate formation of Flag pattern the breakout of which would be above 28980 with good volumes. The breakout of the FLAG pattern would result in the upmove for