DEVA SENAPATHI
View Profile

Gold Future [Past & Future]

Deva Senapathi at 03:25 PM - Jul 27, 2017 ( ) Views: 1,696

3 1

 

 

 

 

 

 

 

 

Dear mudraa friends, 
Here I have attached below an Excel chart that prepared fro historical data from Aug 2015 till 26 July 2017. 


From: DEVA SENAPATHI at 08:41 PM - Jul 27, 2017( )


Dear friends,

Let we jointly update this thread. I welcome your comments to contruct this post better & best.....

By 

DEVA


From: DEVA SENAPATHI at 08:41 PM - Jul 27, 2017( )


Dear friends,

Let we jointly update this thread. I welcome your comments to contruct this post better & best.....

By 

DEVA


From: DEVA SENAPATHI at 10:27 AM - Jul 28, 2017( )


Good morning to all.

Today US announces its 2 Qtr GDP data in the evening.  Expectation is 2.6% against previous 1.4% 

It is good for US $ if if the expectation met and it is negative for the GOLD.


From: DEVA SENAPATHI at 01:06 PM - Jul 29, 2017( )





From: DEVA SENAPATHI at 01:30 PM - Jul 29, 2017( )


 source: www.investing.com 

Gold prices traded higher on Friday, as the dollar remained under pressure at fourteen-month lows, after investor expectations grew the Federal Reserve would keep rates low for longer, following data showing inflation remained subdued.

Gold futures for August delivery on the Comex division of the New York Mercantile Exchange rose by $9.53, or 0.75%, to $1,269.52 a troy ounce.

Gold recouped some of its losses sustained earlier during the week, as traders mulled over a downward revision in first-quarter gross domestic product (GDP) which offset second-quarter gross domestic product that met expectations.

U.S. gross domestic product (GDP) increased 2.6% in the second quarter, meeting expectations, while first quarter GDP was revised down to 1.2%, the Bureau of Economic Analysis said on Friday.

The data also revealed a slowdown in the annual pace of inflation, as the U.S. GDP price index, the broadest inflationary indicator, dipped more-than-expected to 1%, adding to recent concerns over the slowing pace of inflation.

A slowdown in inflation has proven a key concern among Fed members, who voted on Wednesday to keep the central bank’s benchmark rate unchanged.

In a falling interest rate environment, investor appetite for gold weakens as the opportunity cost of holding the precious metal reduces relative to other interest-bearing assets such as bonds.

Gold set to notch third-straight weekly gain amid dollar slump
 
 
  • U.S. ECONOMY EXPANDED AT 2.6% PACE IN 2Q; EST. 2.7% - prior 1.4% [Revised to 1.2% now]
       Misses the estimate but close to the estimate and above than prior .......

Let we see how the market react in the comming days. 

From: DEVA SENAPATHI at 10:46 AM - Aug 10, 2017( )


MCX-Gold Future update: Trading around 28920 against previous close 28844. 

Falling US Doller, North Korea tention is giving SUPPORT for GOLD.

Now US inflation data and Job report is to be watched today for further UP MOVE beyond 29000 plus.

Now 28860, 28803, 28725...28620 remain GOOD SUPPORT if fails to BREAKE 28975. This is my personal view only. Take own decesion with your financial advisor....


From: DEVA SENAPATHI at 02:43 PM - Aug 10, 2017( )





From: DEVA SENAPATHI at 02:58 PM - Aug 10, 2017( )


 

Dear Friends, 

Also have a view on my previous post "Gold:-trend-line-broken". 

Trying to BREAK important RESISTANCE level. Let we see... 


From: DEVA SENAPATHI at 06:12 PM - Aug 10, 2017( )


MCX-Gold Future update:

Trading around 29100 against previous close 28844

Day HIGH at  29140


From: DEVA SENAPATHI at 06:48 PM - Aug 11, 2017( )


MCX-Gold Future update:

Trading around 29130 against previous close 29176 / Day open 29199

Day HIGH at  29295 LOW 29071 as of now... 

Now 29143 / 29176 looks RESISTANCE to watch....

Being weekend session profit booking may pull it down towards 29020 minus... 


From: DEVA SENAPATHI at 06:50 PM - Aug 11, 2017( )


MCX-Gold Future update: 

Our target 29294 ested before it fall to 29071


From: DEVA SENAPATHI at 05:22 PM - Aug 14, 2017( )


MCX-Gold Future update:

Trading around 29060 against previous close 29203 [with low volume]

Day LOW @ 29027 Day HIGH @ 29114.

It is close to psychological SUPPORT 29000  but strugging to hold uo move.

Now watch 29114/29075 break out for forther uo move towarsds 29143, 29174, 29198, 29223 plus.

Failure to HOLD 29009 SUPPORT will be NEGATIVE for 28974, 28946.....28900 minus

LEVEL between 29075 and 29114 LOOKS resistance


From: DEVA SENAPATHI at 02:45 PM - Aug 16, 2017( )


MCX-Gold Future update:

Trading around 28850 against previous close 29080

Day LOW @ 28832 Day HIGH @ 28970

It is failed to HOLD 29000 psychological SUPPORT.


From: DEVA SENAPATHI at 05:12 PM - Aug 19, 2017( )





From: DEVA SENAPATHI at 01:32 PM - Aug 29, 2017( )


MCX-Gold Future update:

Trading around 29890 against previous close 29503

Day OPEN & LOW @ 29550 Day HIGH @ 29898

It broken RESISTANCE level 29450/29550 and 29795 too... Now 30000 will be level to watch.

Those bought at 29200 yesterday will be in GOOD proofit



From: DEVA SENAPATHI at 01:51 PM - Aug 29, 2017( )


Dear FRIENDS,

I closed my earlier thread on GOLD…. “Gold:-trend-line-broken” on 22.07.2017 with the following comment …. http://www.mudraa.com/trading/232969/0/gold-trend-line-broken.html

Dear mudraa.com friends,

Best wishes to all for happy and safe trading.

I received more than 1200 views. And a comment from Mr.Aswin Kannan too. Thanks to all.

I have opened this thread at 04:47 PM - Jul 08, 2017 ( 2 months ago ). I had been attracted by an article posted in www.investing.com titled as “Gold:-trend-line-broken” with chart and followed by a cautious message. Then only I started this thread. So far all are GOOD and happened as expected but can’t say the future.  

I posted my first message when this contract was trading around 27690 at 11:36 AM - Jul 10, 2017( 2 months ago ).

The message was, “Watch levels between 27720 and 27655 for SUPPORT / Reversal and BREAK 27820 to UP MOVE towards 27855, 27890, 27930, 27958 plus. Failing to to so will be NEGATIVE and the targets below 27655 are 27590, 27515, ....27300 minus in the days to come.”

From there on I have been updating daily. As suggested in the beginning,  REVERSED and GOT SUPPORT between 27655 and 27720 levels and So far this contract tested as high as 28559 and closed at 28541 on 21 Jul 2017. Now level 28352 / 28410 / 28475 acts SUPPORT and a BREAK OUT above 28560 need for the next target 28615, 28660, 28700 plus in the days ahead.

Considering 2015 LOW [around 24451] we are in UP TREND but while looking 2013 HIGH around 35074 and 2016 HIGH around 32455 we are in DOWN TREND.

I am not a professional analyst or business man. All my views are my own [based on historical data, laering the happening around the world, following genius…]. Still I am in LEARNING and have placed my test papers in front of valuable mudraa friends for validation. That’s all and with this I am closing this thread. 

Even from the beginning of this thread I am BULLISH on GOLD because of various reason.

Now this UP MOVE is strong because of North Korea tension

If 29450/29550 SUPPORT hold and 30000 broken in this days ahead GOLD will MOVE towards  30200, 30500, 31000 in the days / weeks / months coming ahead.

RISK RWARD REWARD….. 


From: DEVA SENAPATHI at 05:48 PM - Sep 04, 2017( )


MCX Gold update: Today tested 30267 HIGH as of now against my target 30200!

MONEY makes MONEY


From: DEVA SENAPATHI at 01:56 PM - Sep 08, 2017( )


MCX-GOLD – PAST & FUTURE

Historically, Gold tested HIGH 35074 on 28.08.2013 and 32455 HIGH on 06.07.2016 and tested a LOW 24451 on 24.07.2015 and tested 27603 LOW on 10.07.2017.

 The following table prepared based on the above information. This  is only technical view and may be wrong. Hence do your own analysis with proper guidance.

Points

Down by

 

 Points

Down by

 

###

###

###

###

 

 

###

###

###

###

35074

26797

21676

17537

13398

 

32455

24796

20057

16228

12398

26797

20473

16560

13398

 

 

24796

18944

15324

12398

 

21676

16560

13396

 

 

 

20057

15324

12395

 

 

17537

13398

 

 

 

 

16228

12398

 

 

 

13398

 

 

 

 

 

12398

 

 

 

 

 Points

Up by

 

 

 

 

 Points

Up by

 

 

 

 

###

###

###

###

 

 

###

###

###

###

26797

33121

37033

40195

43357

 

24796

30647

34268

37193

40119

21676

26797

29956

32514

35074

 

20057

24796

27719

30086

32455

 

 

 

 

 

 

 

 

 

 

 

 Points

Down by

 

 Points

Down by

 

###

###

###

###

 

 

###

###

###

###

24451

18681

15111

12226

9340

 

27603

21089

17059

13802

10544

18681

14272

11545

9340

 

 

21089

16112

13033

10544

 

15111

11545

9338

 

 

 

17059

13033

10542

 

 

12226

9340

 

 

 

 

13802

10544

 

 

 

9340

 

 

 

 

 

10544

 

 

 

 

 Points

Up by

 

 

 

 

 Points

Up by

 

 

 

 

###

###

###

###

 

 

###

###

###

###

18681

23089

25817

28021

30225

 

21089

26066

29145

31633

34122

15111

18681

20883

22666

24451

 

17059

21089

23575

25588

27603

 According to the table,

Reversal from 35074 HIGH targeted 32514, 29956 and are met.

Reversal from 32455 HIGH targeted 30086, 27719 and are met 26791 is still DUE.

Now the psychological level 30000 and or levels 29956-30086 are remain SUPPORT.

Levels 30225-30647 may be RESISTANCE / PROFIT BOOKING and if BREAKS this expect further UP MOVE towards 31000 / 31633. Down  below 29956 indicate target towards  29125.


From: DEVA SENAPATHI at 02:10 PM - Sep 08, 2017( )


MCX-Gold Future update:

Trading around 30410 against previous close 30282

Day HIGH 30474......

Almost trsed our targer 30500


From: DEVA SENAPATHI at 04:33 PM - Sep 08, 2017( )





From: DEVA SENAPATHI at 01:05 PM - Sep 13, 2017( )


MCX-Gold Future update:

Trading around 29980 against previous close 29943

Day OPEN @ 29999, LOW @ 299951  HIGH @ 29999

Tested almost our target 29820 yesterday... 

Now watch 29956/30086 breakout for 30120, 30365, 30225. 

30000 looks psychological point

Indian Ruppee strnthening [Below 64], Comex Gold trading below USD 1340/1344 is giving some resistance.

Let w see......


From: DEVA SENAPATHI at 11:34 AM - Sep 18, 2017( )


MCX-Gold Future update:

Trading around 29740 against Friday's close 29856

Day OPEN @ 29820, LOW @ 29702  HIGH @ 29820

Tested almost our target 29680 

WAtch 29785 / 29820 break out and if fails 29680, 29615, 29565 will be the target.

US FED to have its two day meeting from 19 Sep. The out come to decide the direction of GOLD.


From: DEVA SENAPATHI at 03:44 PM - Sep 18, 2017( )


MCX-Gold Future update:

Trading around 29700 against Friday's close 29856

Day OPEN @ 29820, LOW @ 29632  HIGH @ 29820

Tested tested my target 29860 and reached low 29632 against my target 26515


From: DEVA SENAPATHI at 11:54 AM - Sep 19, 2017( )


MCX-Gold Future update:

Trading around 29590 against Friday's close 29547

Day OPEN @ 29566, LOW @ 29546  HIGH @ 29598

Tested tested my target 29565 too


(1 to 9 out of 9) - Latest Replies on Top | First | << Previous | Next >> | Last |
Deva Senapathi at 02:36 PM - Sep 03, 2017 ( )

MCX-Gold Future update:

Trading around 29823 against previous close 29745

Day OPEN @ 29735, LOW @ 29688,  HIGH @ 29880

Tested our target 29795 too... 

Deva Senapathi at 11:15 AM - Aug 28, 2017 ( )

MCX GOLD Future [Current trading price around 29220] BUY above 29170/29200 and BUY more above 29258 for a target  29294, 29316, 29352.......29400 plus.[in the days to come]  29105/29070 STOP LOSS ..... Positional Trades only.

Though 29000 remain psychological SUPPORT it should BREAK and HOLD 25226/29258 for STRONG UP move.

US comex GOLD trades below $1300 but holding $ 1292.

US Dollar  Index trading around its major SUPPORT level 92.30 and if fails to reverse it may further MOVE down towards 90 / 88.50 in the days to come.

Dollar weakness is said to be positive for the GOLD

INR [Indian Rupee gaing agaist USD is giving some RESISTANCE to MCX GOLD. [Watch our STOCK market... month end USD demond.... INR weaknes....]

Comex GOLD close above $1300 and MCX GOLD holding 29000 psychological SUPPORT are some coonfidence for UP MOVE in the days ahead......

This is my personal view only. Take own decesion with your financial advisor..


Deva Senapathi at 11:49 AM - Aug 21, 2017 ( )

MCX GOLD Future Update: [Current trading price around 29090

Holding 29075 SUPPORT but struggling to BREAK 29143/29199

Deva Senapathi at 05:27 PM - Aug 19, 2017 ( )

MCX-Gold Future update:

Closed at 29163 on 18.08.2017

Day LOW @ 29075 Day HIGH @ 29443

Almost tested our second target 29450.....

Now 29000 remain strong psychological SUPPORT

Now watch 29143/29114 break out for down towarsds 29075, 29048, 29009.

Failure to HOLD 29009 SUPPORT will be more NEGATIVE for 28974, 28946.....28900 minus

BUY above 29199 and BUY more above 29226 for a target  29258, 29294, 29316, 29352.......29400 plus.[in the days to come]  

 

Deva Senapathi at 02:37 PM - Aug 11, 2017 ( )

MCX GOLD Future Update: [Current trading price around 29250

From the level 29200recently tested 29274 intra day HIGH  [Against previous 29266]

Deva Senapathi at 01:14 PM - Aug 11, 2017 ( )

MCX GOLD Future [Current trading price around 29200] BUY above 29142 and BUY more above 29226 for a target  29258, 29294, 29316, 29352.......29400 plus.[in the days to come]    

This is my personal view only. Take own decesion with your financial advisor..

Today already tested a HIGH of 29266.LOW: 29166

Falling US $ and North Korea tensions SUPPORTS the up move.

Deva Senapathi at 12:20 PM - Aug 11, 2017 ( )

MCX-Gold Future update:

Trading around 29175 against previous close 29176

Say LOW at 29166

Day HIGH at  29266 [Tested our first target.......29251] 

Now 29000 remain strong psychological SUPPORT

Deva Senapathi at 11:15 AM - Aug 01, 2017 ( )

Dear Friends,

We can see Expiry pressure in GOLD and trading now...., 

Gold  : Aug @ 28500, Oct @ 28772

Gold [Mini]: Aug @ 28590, Sep @ 28718

Any way if you have to BUY next month mini contract you have to pay around Rs.120 more as of now. 

 

Deva Senapathi at 01:22 PM - Jul 31, 2017 ( )

Dear Friends,

Considering 2015 LOW [around 24451] and recent low 27603 we are in UP TREND but while looking 2013 HIGH around 35074 and 2016 HIGH around 32455 we are in DOWN TREND.

Now watch 28352 / 28410 / 28475 / 28540 acts SUPPORT and a BREAK OUT above 28630 need for the next target 28660, 28700 plus [29000?] in the days ahead.

Even though GOLD stays above $1255 / $1262, I think Rupee gain again $ and continuing UP trend seen in our stock markets are giving some resistance in moving up. 

Post your comments ..

1 to 9 out of 9

Login to participate in discussion.



Top Gainers

THEMIS MEDICARE LTD. 242.30 40.35 (19.98%)
SANWARIA CONSUMER LIMITED 5.85 0.95 (19.39%)
MEP INFRA. DEVELOPERS LTD 33.05 5.20 (18.67%)
FACT LTD 38.80 4.10 (11.82%)
DEWAN HOUSING FIN CORP LT 56.15 5.55 (10.97%)
MUKAND ENGINEERS LIMITED 17.75 1.70 (10.59%)
GTPL HATHWAY LIMITED 89.70 8.15 (9.99%)
CAMBRIDGE TECH ENTER LTD 33.95 3.05 (9.87%)
CG POWER AND IND SOL LTD 19.55 1.75 (9.83%)
FINEOTEX CHEMICAL LIMITED 33.00 2.70 (8.91%)



Top Losers

DCB BANK LIMITED 199.50 -39.65 (-16.58%)
RAMA STEEL TUBES LIMITED 79.00 -12.80 (-13.94%)
SPML INFRA LIMITED 17.15 -1.90 (-9.97%)
GANESH HOUSING CORP LTD 35.95 -3.95 (-9.90%)
ASTEC LIFESCIENCES LTD 341.40 -35.05 (-9.31%)
NRB BEARING LIMITED 128.00 -12.80 (-9.09%)
TATA ELXSI LIMITED 741.95 -72.75 (-8.93%)
ZUARI GLOBAL LIMITED 76.10 -7.20 (-8.64%)
SAKUMA EXPORTS LIMITED 15.45 -1.30 (-7.76%)
EDELWEISS FIN SERV LTD 161.25 -13.05 (-7.49%)