On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,749.65 a troy ounce during early European morning trade, easing down 0.09%. The February contract traded between a range of USD1,747.25 a troy ounce, the daily low and USD1,758.75, the daily high.
Gold futures were likely to find support at USD1,700.50 a troy ounce, the previous day’s low and resistance at USD1,766.95, the high of November 17.
GOLD Support: - 1732.50(main). Break of the latter will give 1720.14, where a correction is possible. Then 1709.30, where a correction is also possible. Be there a strong impulse, we would see 1696.33. Continuation wil give 1682.10.
Resistance: - 1749.50 and 1756.00(main), where a correction may happen. Break would bring 1779.67, where a correction may also happen. Then follows 1806.22. Be there a strong impulse, we’d see 1821.46. Continuation would bring 1842.20.
SILVER
Support: - 32.38 and 32.12(main).where correction is possible. Break of the latter would give 31.96, where correction may happen. Then goes 31.47. If a strong impulse, we would see 30.92. Continuation would give 30.60.
Resistance: - 33.16(main), where correction is possible. Break will lead 33.28, where again may be a correction. Then follows 33.40. If a strong impulse, we would have 33.62. Continuation would give 34.03. Source www.forexpros.com
Gold Resistance level dec 5 2011, Gold futures prices dec 5 2011, Silver Resistance level dec 5 2011, Recommended Levels dec 5 2011 For the latest updates PRESS CTR + D or visit Stock Market news Today
Related Post:
gold
- Gold will climb toward $1,900 an ounce first half 2013
- Why Gold prices down analysis jan 7 2013
- Gold Prices expected Bullish Next Week
- Analysis forecast Gold prices in india 2013
- Why gold futures prices Down, Analysis december 26 2012
- Analysis gold prices for next week december 17-21 2012
- Goldman Sachs forecasts gold prices 2013-2014
- Analysis Gold prices dec 3 2012
- Gold, Silver Prices rose watch U.S budget deal
- Gold futures down in Asia trading november 14 2012
- analysis gold prices next week november 12-16 2012
- MCX Gold trend for november 12-16 2012
- Analysis Gold prices after obama win
- Analysis gold prices next week November 5-9 2012
- MCX Gold prices down october 30 2012
- Gold prices prediction next week october 29 2012
- Spot Gold prices expected down october 2012
- gold prices for next week october 22-26 2012
- gold futures prices expected week october 15-19 2012
- gold prices for next week october 8-12 2012
- how will Impact tensions in the Middle East on Gold Prices
- Gold Prices predicted $2,400 summer 2013
- Gold futures Prices october 4 2012
- Technical Forecast Gold, Silver prices october 1-5 2012
- Gold prices prediction october 1-5 2012
No comments:
Post a Comment