GOLD Weekly Technical Report 25.06.2012 to 29.06.2012

MCX Gold August as seen in the weekly chart above has opened at 30,061 initially moved sharply higher, but found good resistance at 30,428 levels. Later prices fell sharply towards 29,760 levels and finally closed lower from the previous weeks closing levels.

For the next week we expect gold prices to find Support at 29,705 – 29,670 levels and further below strong support is seen at 29,400-29,350 levels. Trading consistently below 29,350 levels would trigger sharp correction initially towards 29,206 and then finally towards the major support at 28,800 levels.

Resistance is now seen at 30,370-30,420 levels. Trading consistently above 30,430 levels would lead towards the strong resistance at 30,720 levels and then finally towards the Major resistance at 31,030 levels. (NEAL BHAI 9999974733)

COPPER & ALL METALS 22.06.2012

Copper 22.06.2012:- Sell below 416 stop loss 419 target- 413-411 ranges.


Zinc 22.06.2012 :-Buy around 103.50 stop loss 102.80 target-104.3-104.70 ranges.

Lead 22.06.2012 Sell around 104.2 stop loss 104.80 target- 103.50-103 ranges.

Nickel 22.06.2012 Sell below 940 stop loss 949 target- 932-925 ranges.

CRUDE & NG CALLS 22.06.2012

Crude Oil 22.06.2012:- Sell below 4520 stop loss 4560 target-4460-4420 ranges.


Natural Gas 22.06.2012:- Sell below 144.5 stop loss 147 target-141- 139 ranges.

SILVER CALL:- 22.06.2012

Silver 22.06.20.12:- Sell below 53400 stop loss 53800 target-52600-52200 ranges.

GOLD CALL 22.06.2012

Gold 22.06.20.12:- Sell below 29810 stop loss 29970 target-29650-29500 ranges.


Silver 22.06.20.12:- Sell below 53400 stop loss 53800 target-52600-52200 ranges.

GOLD 22.06.2012 NEWS

GOLD 22.06.2012 Gold fell 2.5 percent on Thursday, on the verge of


wiping out this year's gains as renewed fears of a

global economic slowdown and disappointment over

a lack of aggressive U.S. Federal Reserve stimulus

dampened bullion's inflation-hedge appeal.

• The metal is on track to post its biggest one-day drop

for the year. Its sell-off started Wednesday when the

Fed ended its policy meeting without launching a

new round of monetary easing but instead opted to

lengthen its program aimed at lowering long-term

interest rates known as "Operation Twist,

• Silver slid more than 4 percent, following Brent crude

oil which tumbled over 3 percent a 18-month low and

steep losses on Wall Street. Thursday's sell-off in

assets amid a dimmer economic outlook lessened

the need of buying gold to hedge against inflation..

• Deflation worries pummelled precious metals after

several reports showed disappointing U.S

manufacturing activity, a shrinking Chinese factory

sector and slowing business activity across the euro

zone. The data added to fears that Europe's debt

crisis and slower growth in the United States and

Asia would cause downturns around the globe.

COPPER & MEATLS CALL 21.06.2012

Copper 21.06.2012:- Sell below 422 stop loss 425 target- 419-417 ranges.


Zinc 21.06.2012 Buy above105.50 stop loss 104.80 target-106.3-106.70 ranges.

Lead 21.06.2012 Sell around 106 stop loss 106.70 target- 105.20-104 ranges.

Nickel 21.06.2012 Sell below 956 stop loss 969 target- 945-935 ranges.