LET THE MARKET TELL WHO WE ARE

Gold comex: gold is still bounded in a range of 1595-1680 a clear move will occur only after breakout of these ranges. Gold was not able to break 1625 mark during Friday fall as we were expecting 1625 area is good support zone and gold made 1626.20 as day low and nicely jumped from our said support area. Today expected trading range for gold is between 1600-1680. Immediate resistance seen at 1655 a break above 1655 will take it to 1664-1675-78 zones. Immediate support seen at 1645 a failure below 1645 will again take 1632-25 zones. 1625-23 area is looking good support zone if gold manage to break 1623 level with volumes then a retest of 1608-1603 zones possible for the day. Buying above said immediate resistance will be good idea otherwise avoid buying. Silver comex: as I wrote on Friday that till silver trading below 32.50 looking weak and a retest of 31.30-30.80 zones is possible and during evening session a nice slid seen in silver and silver made 30.70 as day low during the day. ...

Gold CEMEX: currently trading at 1659 expected intraday trading range between 1620-1700, immediate support seen at 1655, after a failure below 1648 will take it to 1632-25 zones.   Upside major resistance at 1680 a penetration above this level will take it to 1700-1720 area. This swing is open for 1670-80 zones further move will confirm only above 1680 zones if manage to sustain. Silver CEMEX: currently trading at 32.10 intraday expected trading range between 30.30- 32.50, immediate resistance seen at 32.50 above 32.50 this swing is open for 33.40-33.60. till trading below 32.50 a retest of 31.20-30.80 zones is expected. 

Comex gold: currently trading at 1651.90 looking bullish and this really may take it up to 1672-1680 zones if gold manage to hold above 1680 then a rise till 1700-1730 zones is likely, immediate support seen at 1638 a break below 1638 would signal an intraday decline till 1622-1610 range. USD index has broken important support that is supporting short term bullish view on gold Silver come: currently trading at 31.07 immediate resistances seen at 31.50 if silver manage to hold abv 31.50 then it would signal an advance till 33.50-33.70 zones. $30 is looking good support for this view below 30$ then it would confirm at sideways moment between 28-31.50. Momentum is positive on very short term time frame buying in dips will be good idea for expected targets 31.30 to 33.30. 

USD index has broken important support on very short term time frame that is suggesting near term consolidation in coming days. 78 is looking good support and reversal point, a failure below 78.10 would signal a decline till its primary support of 77 major resistance seen at 82 zones a penetration above 82 zones would signal an advance till 88

Comex gold cmp 1623 it has broken down sloping trend line resistance of descending triangle, now suggesting target 1670-78 zones if manage to hold above 1635, a break below 1595 is unlikely , if manage to hold below 1595 then 1580-1502 will be next destination , usd index is looking weak technically some selling pressure may appear in streets if manage to hold below 78.75 that will be a supportive sign for gold bulls cmp 79

Gold comex : intraday trading range is between 1580-1660 , currently trading at 1627.90. Yesterday gold broken rising trend line support of ascending triangle and low made 1595.77 and we were expecting 1595 as 1 st support after break below 1630 now as per this breakout next major support seen at 1502 levels. Very short term trend is down and 1640 is looking very important intraday resistance above 1640 gold may rise up to 1660-65 zones overall counter is looking weak and a retest of 1580 is possible during intraday trading. Below 1580 no major support before 1532-1502. 

Ascending triangle during down trend suggesting that gold will try to resume its preceding trend after a failure below 1630  gold may fall till 1595-1502 zones, penetration above resistance line is unlikely , if manage to hold above 1680 then a rally up to 1720-33 can’t be ruled out.