Tag Archives: gold price

Gold Outlook for the Week (Nov 20, 2017 – Nov 24, 2017)

EquityPandit’s Outlook for Gold for the week  (Nov 20, 2017 – Nov 24, 2017) :

GOLD:

 

GOLD 1

 

GOLD closed the week on positive note gaining around 0.70%.

As we have mentioned last week, that minor support for the commodity lies in the zone of 29300 to 29350. Support for the commodity lies in the zone of 29000 to 29100 where Fibonacci level and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28500 to 28600 where break out levels are lying. During the week the commodity manages to hit a low of 29351 and close the week around the levels of 29690.

Minor support for the commodity lies in the zone of 29400 to 29450. Support for the commodity lies in the zone of 29000 to 29100 where Fibonacci level and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28500 to 28600 where break out levels are lying.

Resistance for the commodity lies in the zone of 29600 to 29650 where Fibonacci level and short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30000 to 30100 where the commodity has formed in the month of October-2017.

Broad range for the commodity in the coming week can be seen between 29100 – 29200 on downside & 30100 – 30200 on upside.

Gold Outlook for the Week (Nov 13, 2017 – Nov 17, 2017)

EquityPandit’s Outlook for Gold for the week  (Nov 13, 2017 – Nov 17, 2017) :

GOLD:

 

GOLD 1

 

GOLD closed the week on positive note gaining around 1.40%.

As we have mentioned last week, that support for the commodity lies in the zone of 29000 to 29100 where Fibonacci level and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28500 to 28600 where break out levels are lying. During the week the commodity manages to hit a low of 29109 and close the week around the levels of 29491.

Minor support for the commodity lies in the zone of 29300 to 29350. Support for the commodity lies in the zone of 29000 to 29100 where Fibonacci level and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28500 to 28600 where break out levels are lying.

Resistance for the commodity lies in the zone of 29550 to 29650 where Fibonacci level and short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30000 to 30100 where the commodity has formed in the month of October-2017.

Broad range for the commodity in the coming week can be seen between 29000 – 29100 on downside & 30000 – 30100 on upside.

Gold Outlook for the Week (Nov 06, 2017 – Nov 10, 2017)

EquityPandit’s Outlook for Gold for the week  (Nov 06, 2017 – Nov 10, 2017) :

GOLD:

 

GOLD 1

 

GOLD closed the week on negative note losing around 0.80%.

As we have mentioned last week, that support for the commodity lies in the zone of 29000 to 29100 where Fibonacci level and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28500 to 28600 where break out levels are lying. During the week the commodity manages to hit a low of 29069 and close the week around the levels of 29088.

Support for the commodity lies in the zone of 29000 to 29100 where Fibonacci level and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28500 to 28600 where break out levels are lying.

Minor resistance for the commodity lies in the zone of 29300 to 29350. Resistance for the commodity lies in the zone of 29550 to 29650 where Fibonacci level and short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30000 to 30100 where the commodity has formed a short term top.

Broad range for the commodity in the coming week can be seen between 28500 – 28600 on downside & 29500 – 29600 on upside.

Gold Outlook for the Week (Oct 30, 2017 – Nov 03, 2017)

EquityPandit’s Outlook for Gold for the week  (Oct 30, 2017 – Nov 03, 2017) :

GOLD:

 

GOLD 1

 

GOLD closed the week on negative note losing around 0.80%.

As we have mentioned last week, that minor resistance for the commodity lies in the zone of 29650 to 29750. Resistance for the commodity lies in the zone of 30200 to 30300 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30600 to 30700 where long term Fibonacci levels are lying. During the week the commodity manages to hit a high of 29591 and close the week around the levels of 29318.

Support for the commodity lies in the zone of 29000 to 29100 where Fibonacci level and long term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28500 to 28600 where break out levels are lying.

Minor resistance for the commodity lies in the zone of 29400 to 29450. Resistance for the commodity lies in the zone of 29550 to 29650 where Fibonacci level and short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30000 to 30100 where the commodity has formed a short term top.

Broad range for the commodity in the coming week can be seen between 28500 – 28600 on downside & 30000 – 30100 on upside.

Gold Outlook for the Week (Oct 23, 2017 – Oct 27, 2017)

EquityPandit’s Outlook for Gold for the week  (Oct 23, 2017 – Oct 27, 2017) :

GOLD:

 

GOLD 1

 

GOLD closed the week on negative note losing around 1.00%.

As we have mentioned last week, that support for the commodity lies in the zone of 29450 to 29550 where the commodity has formed a double top pattern and Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28900 to 29000 where Fibonacci level is lying. During the week the commodity manages to hit a low of 29522 and close the week around the levels of 29554.

Support for the commodity lies in the zone of 29450 to 29550 where the commodity has formed a double top pattern and Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28900 to 29000 where Fibonacci level and long term moving averages are lying.

Minor resistance for the commodity lies in the zone of 29650 to 29750. Resistance for the commodity lies in the zone of 30200 to 30300 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30600 to 30700 where long term Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 29000 – 29100 on downside & 30000 – 30100 on upside.

Gold Outlook for the Week (Oct 16, 2017 – Oct 19, 2017)

EquityPandit’s Outlook for Gold for the week  (Oct 16, 2017 – Oct 19, 2017) :

GOLD:

 

GOLD 1

 

GOLD (29851) closed the week on positive note gaining around 0.90%.

As we have mentioned last week, that minor resistance for the commodity lies in the zone of 29650 to 29750. Resistance for the commodity lies in the zone of 30200 to 30300 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30600 to 30700 where long term Fibonacci levels are lying. During the week the commodity manages to hit a high of 29900 and close the week around the levels of 29851.

Support for the commodity lies in the zone of 29450 to 29550 where the commodity has formed a double top pattern and Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28900 to 29000 where Fibonacci level is lying.

Resistance for the commodity lies in the zone of 30200 to 30300 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30600 to 30700 where long term Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 29400 – 29500 on downside & 30400 – 30500 on upside.

 

Gold Outlook for the Week (Oct 09, 2017 – Oct 13, 2017)

EquityPandit’s Outlook for Gold for the week  (Oct 09, 2017 – Oct 13, 2017) :

GOLD:

 

GOLD 1

 

GOLD (29573) closed the week on positive note gaining around 0.05%.

As we have mentioned last week, that support for the commodity lies in the zone of 29550 to 29650 where the commodity has formed a double top pattern and Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28900 to 29000 where Fibonacci level is lying. During the week the commodity manages to hit a low of 29260 and close the week around the levels of 29573.

Support for the commodity lies in the zone of 29450 to 29550 where the commodity has formed a double top pattern and Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28900 to 29000 where Fibonacci level is lying.

Minor resistance for the commodity lies in the zone of 29650 to 29750. Resistance for the commodity lies in the zone of 30200 to 30300 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30600 to 30700 where long term Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 29000 – 29100 on downside & 30000 – 30100 on upside.

Gold Outlook for the Week (Oct 03, 2017 – Oct 06, 2017)

EquityPandit’s Outlook for Gold for the week  (Oct 03, 2017 – Oct 06, 2017) :

GOLD:

 

GOLD 1

 

GOLD (29557) closed the week on negative note losing around 0.10%.

As we have mentioned last week, that minor resistance for the commodity lies in the zone of 29750 to 29850. Resistance for the commodity lies in the zone of 30200 to 30300 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30600 to 30700 where long term Fibonacci levels are lying. During the week the commodity manages to hit a high of 30169 and close the week around the levels of 29557.

Support for the commodity lies in the zone of 29550 to 29650 where the commodity has formed a double top pattern and Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28900 to 29000 where Fibonacci level is lying.

Minor resistance for the commodity lies in the zone of 29750 to 29850. Resistance for the commodity lies in the zone of 30200 to 30300 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30600 to 30700 where long term Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 29000 – 29100 on downside & 30000 – 30100 on upside.

Gold Outlook for the Week (Sep 25, 2017 – Sep 29, 2017)

EquityPandit’s Outlook for Gold for the week  (Sep 25, 2017 – Sep 29, 2017) :

GOLD:

 

GOLD 1

 

GOLD (29585) closed the week on negative note losing around 0.90%.

As we have mentioned last week, that support for the commodity lies in the zone of 29550 to 29650 where the commodity has formed a double top pattern and Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28900 to 29000 where Fibonacci level is lying. During the week the commodity manages to hit a low of 29443 and close the week around the levels of 29585.

Support for the commodity lies in the zone of 29550 to 29650 where the commodity has formed a double top pattern and Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28900 to 29000 where Fibonacci level is lying.

Minor resistance for the commodity lies in the zone of 29750 to 29850. Resistance for the commodity lies in the zone of 30200 to 30300 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30600 to 30700 where long term Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 29000 – 29100 on downside & 30000 – 30100 on upside.

Gold Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for Gold for the week  (Sep 18, 2017 – Sep 22, 2017) :

GOLD:

 

GOLD 1

 

GOLD (29856) closed the week on negative note losing around 1.40%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 29550 to 29650 where the commodity has formed a double top pattern and Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can witness a major break-out and the commodity can move to the levels of 30200 to 30300 where Fibonacci level is lying. During the week the commodity manages to hit a high of 30200 and close the week around the levels of 29856.

Support for the commodity lies in the zone of 29550 to 29650 where the commodity has formed a double top pattern and Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28900 to 29000 where Fibonacci level is lying.

Resistance for the commodity lies in the zone of 30200 to 30300 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30600 to 30700 where long term Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 29500 – 29600 on downside & 30300 – 30400 on upside.

 

Gold Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for Gold for the week  (Aug 28, 2017 – Sep 01, 2017) :

GOLD:

 

GOLD 1

 

GOLD (29167) closed the week on absolutely flat note.

As we have mentioned last week, that support for the commodity lies in the zone of 28900 to 29000 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28500 to 28600 where medium and long term moving averages are lying. During the week the commodity manages to hit a low of 28777 and close the week around the levels of 29167

Support for the commodity lies in the zone of 28900 to 29000 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28500 to 28600 where medium and long term moving averages are lying.

Resistance for the commodity lies in the zone of 29550 to 29650 where the commodity has formed a double top pattern and Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can witness a major break-out and the commodity can move to the levels of 30200 to 30300 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 28500 – 28600 on downside & 29600 – 29700 on upside.

Gold Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for Gold for the week  (Aug 21, 2017 – Aug 25, 2017) :

GOLD:

 

GOLD 1

 

GOLD (29163) closed the week on negative note losing around 0.10%.

As we have mentioned last week, that support for the commodity lies in the zone of 28900 to 29000 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28500 to 28600 where medium and long term moving averages are lying. During the week the commodity manages to hit a low of 28800 and close the week around the levels of 29163.

Support for the commodity lies in the zone of 28900 to 29000 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28500 to 28600 where medium and long term moving averages are lying.

Resistance for the commodity lies in the zone of 29550 to 29650 where the commodity has formed a double top pattern and Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can witness a major break-out and the commodity can move to the levels of 30200 to 30300 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 28500 – 28600 on downside & 29600 – 29700 on upside.

Gold Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for Gold for the week  (Aug 14, 2017 – Aug 18, 2017) :

GOLD:

 

GOLD 1

 

GOLD (29302) closed the week on positive note gaining around 2.60%.

As we have mentioned last week, that minor support for the commodity lies in the zone of 28350 to 28400. Support for the commodity lies in the zone of 28100 to 28200 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27800 to 27900 where break out levels are lying. During the week the commodity manages to hit a low of 28300 and close the week around the levels of 29203.

Support for the commodity lies in the zone of 28900 to 29000 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28500 to 28600 where medium and long term moving averages are lying.

Resistance for the commodity lies in the zone of 29550 to 29650 where the commodity has formed a double top pattern and Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can witness a major break-out and the commodity can move to the levels of 30200 to 30300 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 28500 – 28600 on downside & 29600 – 29700 on upside.

Gold Outlook for the Week (Aug 07, 2017 – Aug 11, 2017)

EquityPandit’s Outlook for Gold for the week  (Aug 07, 2017 – Aug 11, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28465) closed the week on negative note losing around 0.40%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 28600 to 28700 where medium and long term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 28900 to 29000 where Fibonacci level is lying. During the week the commodity manages to hit a high of 28666 and close the week around the levels of 28465.

Minor support for the commodity lies in the zone of 28350 to 28400. Support for the commodity lies in the zone of 28100 to 28200 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27800 to 27900 where break out levels are lying.

Resistance for the commodity lies in the zone of 28600 to 28700 where medium and long term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 28900 to 29000 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 28000 – 28100 on downside & 29000 – 29100 on upside.

Gold Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for Gold for the week  (July 31, 2017 – Aug 04, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28580) closed the week on positive note gaining around 0.10%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 28600 to 28700 where medium and long term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 28900 to 29000 where Fibonacci level is lying. During the week the commodity manages to hit a high of 28610 and close the week around the levels of 28580.

Minor support for the commodity lies in the zone of 28350 to 28400. Support for the commodity lies in the zone of 28100 to 28200 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27800 to 27900 where break out levels are lying.

Resistance for the commodity lies in the zone of 28600 to 28700 where medium and long term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 28900 to 29000 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 28000 – 28100 on downside & 29000 – 29100 on upside.

Gold Outlook for the Week (July 24, 2017 – July 28, 2017)

EquityPandit’s Outlook for Gold for the week  (July 24, 2017 – July 28, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28541) closed the week on positive note gaining around 2.00%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 27900 to 28000 where the commodity has formed a bottom in the month of March-2017 & May-2017. If the commodity manages to close above these levels then the commodity can move to the levels of 28200 to 28300 where Fibonacci level is lying. During the week the commodity manages to hit a high of 28559 and close the week around the levels of 28541.

Minor support for the commodity lies in the zone of 28350 to 28400. Support for the commodity lies in the zone of 28100 to 28200 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27800 to 27900 where break out levels are lying.

Resistance for the commodity lies in the zone of 28600 to 28700 where medium and long term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 28900 to 29000 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 28000 – 28100 on downside & 29000 – 29100 on upside.

Gold Outlook for the Week (July 17, 2017 – July 21, 2017)

EquityPandit’s Outlook for Gold for the week  (July 17, 2017 – July 21, 2017) :

GOLD:

 

GOLD 1

 

GOLD (27996) closed the week on positive note gaining around 0.80%.

As we have mentioned last week that the commodity has broken down from the long term trend-line support. Support for the commodity lies in the zone of 27500 to 27600 where long term Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 26800 to 26900 where the commodity has formed a bottom in the month of December-2016. During the week the commodity manages to hit a low of 27603 and close the week around the levels of 27996.

The commodity has broken down from the long term trend-line support. Minor support for the commodity lies in the zone of 27800 to 27850. Support for the commodity lies in the zone of 27500 to 27600 where long term Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 26800 to 26900 where the commodity has formed a bottom in the month of December-2016.

Resistance for the commodity lies in the zone of 27900 to 28000 where the commodity has formed a bottom in the month of March-2017 & May-2017. If the commodity manages to close above these levels then the commodity can move to the levels of 28200 to 28300 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 27500 – 27600 on downside & 28300 – 28400 on upside.

Gold Outlook for the Week (July 10, 2017 – July 14, 2017)

EquityPandit’s Outlook for Gold for the week  (July 10, 2017 – July 14, 2017) :

GOLD:

 

GOLD 1

 

GOLD (27784) closed the week on negative note losing around 2.30%.

As we have mentioned last week that support for the commodity lies in the zone of 28200 to 28300 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27900 to 28000 where the commodity has formed a bottom in the month of March-2017. During the week the commodity manages to hit a low of 27724 and close the week around the levels of 27784.

The commodity has broken down from the long term trend-line support. Support for the commodity lies in the zone of 27500 to 27600 where long term Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 26800 to 26900 where the commodity has formed a bottom in the month of December-2016.

Resistance for the commodity lies in the zone of 27900 to 28000 where the commodity has formed a bottom in the month of March-2017 & May-2017. If the commodity manages to close above these levels then the commodity can move to the levels of 28200 to 28300 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 26800 – 27000 on downside & 28300 – 28400 on upside.

Gold Outlook for the Week (July 03, 2017 – July 07, 2017)

EquityPandit’s Outlook for Gold for the week  (July 03, 2017 – July 07, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28439) closed the week on negative note losing around 1.00%.

As we have mentioned last week that minor support for the commodity lies in the zone of 28500 to 28550. Support for the commodity lies in the zone of 28200 to 28300 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27900 to 28000 where the commodity has formed a bottom in the month of March-2017. During the week the commodity manages to hit a low of 28350 and close the week around the levels of 28439.

Support for the commodity lies in the zone of 28200 to 28300 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27900 to 28000 where the commodity has formed a bottom in the month of March-2017.

Minor resistance for the commodity lies in the zone of 28650 to 28750. Resistance for the commodity lies in the zone of 29000 to 29100 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29550 to 29650 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 28000 – 28100 on downside & 28700 – 28800 on upside.

Gold Outlook for the Week (June 26, 2017 – June 30, 2017)

EquityPandit’s Outlook for Gold for the week  (June 26, 2017 – June 30, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28734) closed the week on positive note gaining around 0.15%.

As we have mentioned last week that minor resistance for the commodity lies in the zone of 28800 to 28850. Resistance for the commodity lies in the zone of 29000 to 29100 where Fibonacci levels and 200 daily moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29550 to 29650 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 28820 and close the week around the levels of 28734.

Minor support for the commodity lies in the zone of 28500 to 28550. Support for the commodity lies in the zone of 28200 to 28300 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27900 to 28000 where the commodity has formed a bottom in the month of March-2017.

Minor resistance for the commodity lies in the zone of 28800 to 28850. Resistance for the commodity lies in the zone of 29000 to 29100 where Fibonacci levels and 200 daily moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29550 to 29650 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 28200 – 28300 on downside & 29100 – 29200 on upside.

Gold Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for Gold for the week  (June 19, 2017 – June 23, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28690) closed the week on negative note losing around 1.10%.

As we have mentioned last week that resistance for the commodity lies in the zone of 29000 to 29100 where Fibonacci levels and 200 daily moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29550 to 29650 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 29087 and close the week around the levels of 28690.

Support for the commodity lies in the zone of 28200 to 28300 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27900 to 28000 where the commodity has formed a bottom in the month of March-2017.

Minor resistance for the commodity lies in the zone of 28800 to 28850. Resistance for the commodity lies in the zone of 29000 to 29100 where Fibonacci levels and 200 daily moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29550 to 29650 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 28200 – 28300 on downside & 29100 – 29200 on upside.

Gold Outlook for the Week (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for Gold for the week  (June 12, 2017 – June 16, 2017) :

GOLD:

 

GOLD 1

 

GOLD (29019) closed the week on positive note gaining around 0.50%.

As we have mentioned last week that resistance for the commodity lies in the zone of 29000 to 29100 where Fibonacci levels and 200 daily moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29500 to 29600 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 29585 and close the week around the levels of 29019.

Support for the commodity lies in the zone of 28700 to 28800. Support for the commodity lies in the zone of 28200 to 28300 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27900 to 28000 where the commodity has formed a bottom in the month of March-2017.

Resistance for the commodity lies in the zone of 29000 to 29100 where Fibonacci levels and 200 daily moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29550 to 29650 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 28500 – 28600 on downside & 29500 – 29600 on upside.

Gold Outlook for the Week (June 05, 2017 – June 09, 2017)

EquityPandit’s Outlook for Gold for the week  (June 05, 2017 – June 09, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28871) closed the week on absolutely flat note.

As we have mentioned last week that resistance for the commodity lies in the zone of 29000 to 29100 where Fibonacci levels and 200 daily moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29500 to 29600 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 28986 and close the week around the levels of 28871.

Support for the commodity lies in the zone of 28600 to 28700. Support for the commodity lies in the zone of 28200 to 28300 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27900 to 28000 where the commodity has formed a bottom in the month of March-2017.

Resistance for the commodity lies in the zone of 29000 to 29100 where Fibonacci levels and 200 daily moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29500 to 29600 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 28500 – 28600 on downside & 29300 – 29400 on upside.

Gold Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for Gold for the week  (May 29, 2017 – June 02, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28888) closed the week on positive note gaining around 0.90%.

As we have mentioned last week that resistance for the commodity lies in the zone of 28700 to 28800 where 200 daily moving average is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29000 to 29100 where Fibonacci levels and medium term moving averages are lying. During the week the commodity manages to hit a high of 28926 and close the week around the levels of 28888.

Support for the commodity lies in the zone of 28600 to 28700. Support for the commodity lies in the zone of 28200 to 28300 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27900 to 28000 where the commodity has formed a bottom in the month of March-2017.

Resistance for the commodity lies in the zone of 29000 to 29100 where Fibonacci levels and 200 daily moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29500 to 29600 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 28500 – 28600 on downside & 29100 – 29200 on upside.

Gold Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for Gold for the week  (May 22, 2017 – May 26, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28635) closed the week on positive note gaining around 2.20%.

As we have mentioned last week that support for the commodity lies in the zone of 27900 to 28000 where the commodity has formed a bottom in the month of March-2017. If the commodity manages to close below these levels then the commodity can witness a freefall and commodity can drift to the levels of 26800 to 26900 where the commodity has formed a bottom in the month of December-2016. During the week the commodity manages to hit a low of 27982 and close the week around the levels of 28635.

Support for the commodity lies in the zone of 28200 to 28300 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27900 to 28000 where the commodity has formed a bottom in the month of March-2017.

Resistance for the commodity lies in the zone of 28700 to 28800 where 200 daily moving average is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29000 to 29100 where Fibonacci levels and medium term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 28100 – 28200 on downside & 29000 – 29100 on upside.

Gold Outlook for the Week (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for Gold for the week  (May 15, 2017 – May 19, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28005) closed the week on negative note losing around 0.20%.

As we have mentioned last week that support for the commodity lies in the zone of 27900 to 28000 where the commodity has formed a bottom in the month of March-2017. If the commodity manages to close below these levels then the commodity can witness a freefall and commodity can drift to the levels of 26800 to 26900 where the commodity has formed a bottom in the month of December-2016. During the week the commodity manages to hit a low of 27932 and close the week around the levels of 28005.

Support for the commodity lies in the zone of 27900 to 28000 where the commodity has formed a bottom in the month of March-2017. If the commodity manages to close below these levels then the commodity can witness a freefall and commodity can drift to the levels of 26800 to 26900 where the commodity has formed a bottom in the month of December-2016.

Resistance for the commodity lies in the zone of 28200 to 28300 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 28500 to 28600 where 200 Daily moving average is lying.

Broad range for the commodity in the coming week can be seen between 27500 – 27600 on downside & 28500 – 28600 on upside.

Gold Outlook for the Week (May 08, 2017 – May 12, 2017)

EquityPandit’s Outlook for Gold for the week  (May 08, 2017 – May 12, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28072) closed the week on negative note losing around 2.80%.

As we have mentioned last week that support for the commodity lies in the zone of 28400 to 28500 from where the commodity broke out and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28100 to 28200 where Fibonacci levels are lying. During the week the commodity manages to hit a low of 28020 and close the week around the levels of 28072.

Support for the commodity lies in the zone of 27900 to 28000 where the commodity has formed a bottom in the month of March-2017. If the commodity manages to close below these levels then the commodity can witness a freefall and commodity can drift to the levels of 26800 to 26900 where the commodity has formed a bottom in the month of December-2016.

Resistance for the commodity lies in the zone of 28200 to 28300 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 28500 to 28600 where 200 Daily moving average is lying.

Broad range for the commodity in the coming week can be seen between 27100 – 27200 on downside & 29000 – 29100 on upside.

Gold Outlook for the Week (May 01, 2017 – May 05, 2017)

EquityPandit’s Outlook for Gold for the week  (May 01, 2017 – May 05, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28873) closed the week on negative note losing around 1.80%.

As we have mentioned last week that minor support for the commodity lies in the zone of 29200 to 29250. Support for the commodity lies in the zone of 29000 to 29100 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28400 to 28500 from where the commodity broke out. During the week the commodity manages to hit a low of 28660 and close the week around the levels of 28873.

Support for the commodity lies in the zone of 28400 to 28500 from where the commodity broke out and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28100 to 28200 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 29000 to 29100 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29400 to 29500 from where the commodity sold off in the month of March-2017 and 200 Daily moving average is lying.

Broad range for the commodity in the coming week can be seen between 28100 – 28200 on downside & 29400 – 29500 on upside.

Gold Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for Gold for the week  (April 24, 2017 – April 28, 2017) :

GOLD:

 

GOLD 1

 

GOLD (29418) closed the week on absolutely flat note.

As we have mentioned last week that resistance for the commodity lies in the zone of 29400 to 29500 from where the commodity sold off in the month of March-2017. If the commodity manages to close above these levels then the commodity can move to the levels of 29650 to 29750 where Fibonacci level and highs for the month of February-2017 are lying. During the week the commodity manages to hit a high of 29539 and close the week around the levels of 29418.

Minor support for the commodity lies in the zone of 29200 to 29250. Support for the commodity lies in the zone of 29000 to 29100 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28400 to 28500 from where the commodity broke out.

Resistance for the commodity lies in the zone of 29400 to 29500 from where the commodity sold off in the month of March-2017 and 200 Daily moving average is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29650 to 29750 where Fibonacci level and highs for the month of February-2017 are lying.

Broad range for the commodity in the coming week can be seen between 29000 – 29100 on downside & 29800 – 29900 on upside.

Gold Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for Gold for the week  (April 17, 2017 – April 21, 2017) :

GOLD:

 

GOLD 1

 

GOLD (29409) closed the week on positive note gaining around 2.50%.

As we have mentioned last week that resistance for the commodity lies in the zone of 28900 to 29000 where Fibonacci levels and lows for the month of February-2017 are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29300 to 29400 from where the commodity sold off in the month of March-2017. During the week the commodity manages to hit a high of 29433 and close the week around the levels of 29409.

Support for the commodity lies in the zone of 29000 to 29100 where Fibonacci level is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28400 to 28500 from where the commodity broke out.

Resistance for the commodity lies in the zone of 29400 to 29500 from where the commodity sold off in the month of March-2017. If the commodity manages to close above these levels then the commodity can move to the levels of 29650 to 29750 where Fibonacci level and highs for the month of February-2017 are lying.

Broad range for the commodity in the coming week can be seen between 29000 – 29100 on downside & 29800 – 29900 on upside.

Gold Outlook for the Week (April 10, 2017 – April 14, 2017)

EquityPandit’s Outlook for Gold for the week  (April 10, 2017 – April 14, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28684) closed the week on positive note gaining around 0.80%.

As we have mentioned last week that support for the commodity lies in the zone of 28400 to 28500 from where the commodity broke out. If the commodity manages to close below these levels then the commodity can drift to the levels of 28100 to 28200 where Fibonacci level and short term bottom is lying. During the week the commodity manages to hit a low of 28404 and close the week around the levels of 28684.

Support for the commodity lies in the zone of 28400 to 28500 from where the commodity broke out. If the commodity manages to close below these levels then the commodity can drift to the levels of 28100 to 28200 where Fibonacci level and short term bottom is lying.

Resistance for the commodity lies in the zone of 28900 to 29000 where Fibonacci levels and lows for the month of February-2017 are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29300 to 29400 from where the commodity sold off in the month of March-2017.

Broad range for the commodity in the coming week can be seen between 28200 – 28300 on downside & 29000 – 29100 on upside.

Gold Outlook for the Week (April 03, 2017 – April 07, 2017)

EquityPandit’s Outlook for Gold for the week  (April 03, 2017 – April 07, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28463) closed the week on a negative note losing around 1.15%.

As we have mentioned last week that minor support for the commodity lies in the zone of 28600 to 28650. Support for the commodity lies in the zone of 28400 to 28500 from where the commodity broke out. If the commodity manages to close below these levels then the commodity can drift to the levels of 28100 to 28200 where Fibonacci level and short term bottom is lying. During the week the commodity manages to hit a low of 28420 and close the week around the levels of 28463.

Support for the commodity lies in the zone of 28400 to 28500 from where the commodity broke out. If the commodity manages to close below these levels then the commodity can drift to the levels of 28100 to 28200 where Fibonacci level and short term bottom is lying.

Minor resistance for the commodity lies in the zone of 28550 to 28625. Resistance for the commodity lies in the zone of 28900 to 29000 where Fibonacci levels and lows for the month of February-2017 are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29300 to 29400 from where the commodity sold off in the month of March-2017.

Broad range for the commodity in the coming week can be seen between 28000 – 28100 on downside & 28900 – 29000 on upside.

Gold Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for Gold for the week (March 27, 2017 – March 31, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28793) closed the week on a positive note gaining around 1.00%.

As we have mentioned last week that resistance for the commodity lies in the zone of 28650 to 28750 where short & medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 28850 to 29000 where Fibonacci levels and lows for the month of February-2017 are lying. During the week the commodity manages to hit a high of 28948 and close the week around the levels of 28793.

Minor support for the commodity lies in the zone of 28600 to 28650. Support for the commodity lies in the zone of 28400 to 28500 from where the commodity broke out. If the commodity manages to close below these levels then the commodity can drift to the levels of 28100 to 28200 where Fibonacci level and short term bottom is lying.

Resistance for the commodity lies in the zone of 28900 to 29000 where Fibonacci levels and lows for the month of February-2017 are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 29300 to 29400 from where the commodity sold off in the month of March-2017.

Broad range for the commodity in the coming week can be seen between 28400 – 28500 on downside & 29200 – 29300 on upside.

Gold Outlook for the Week (March 20, 2017 – March 24, 2017)

EquityPandit’s Outlook for Gold for the week (March 20, 2017 – March 24, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28509) closed the week on a positive note gaining around 0.50%.

As we have mentioned last week that support for the commodity lies in the zone of 28100 to 28200 where Fibonacci level and short term bottom is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27500 to 27600. During the week the commodity manages to hit a low of 27907 and close the week around the levels of 28509.

Minor support for the commodity lies in the zone of 28300 to 28400. Support for the commodity lies in the zone of 28100 to 28200 where Fibonacci level and short term bottom is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27500 to 27600.

Resistance for the commodity lies in the zone of 28650 to 28750 where short & medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 28850 to 29000 where Fibonacci levels and lows for the month of February-2017 are lying.

Broad range for the commodity in the coming week can be seen between 28000 – 28100 on downside & 28900 – 29000 on upside.

Gold Outlook for the Week (March 13, 2017 – March 17, 2017)

EquityPandit’s Outlook for Gold for the week (March 13, 2017 – March 17, 2017) :

GOLD:

 

GOLD 1

 

GOLD (28366) closed the week with a negative note losing around 2.20%.

As we have mentioned last week that minor resistance for the commodity lies in the zone of 29250 to 29350. Resistance for the commodity lies in the zone of 29650 to 26750 where Fibonacci levels and 200 Daily SMA is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30300 to 30500 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 29189 and sold off to close the week around the levels of 28366.

Support for the commodity lies in the zone of 28100 to 28200 where Fibonacci level and short term bottom is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 27500 to 27600.

Minor resistance for the commodity lies in the zone of 28400 to 28500. Resistance for the commodity lies in the zone of 28650 to 28750 where short & medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 28850 to 29000 where Fibonacci levels and lows for the month of February-2017 are lying.

Broad range for the commodity in the coming week can be seen between 27500 – 27600 on downside & 28900 – 29000 on upside.

Gold Outlook for the Week (March 06, 2017 – March 10, 2017)

EquityPandit’s Outlook for Gold for the week (March 06, 2017 – March 10, 2017) :

GOLD:

 

GOLD 1

 

GOLD (29020) closed the week with a negative note losing around 2.00%.

As we have mentioned last week that resistance for the commodity lies in the zone of 29650 to 29750 where Fibonacci levels and 200 Daily SMA is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30300 to 30500 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 29785 and close the week around the levels of 29020.

Support for the commodity lies in the zone of 28800 to 29000 where Fibonacci level and low for the month of February-2017 is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28400 to 28500.

Minor resistance for the commodity lies in the zone of 29250 to 29350. Resistance for the commodity lies in the zone of 29650 to 26750 where Fibonacci levels and 200 Daily SMA is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30300 to 30500 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 28400 – 28500 on downside & 29500 – 29600 on upside.

Gold Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for Gold for the week (February 27, 2017 – March 03, 2017) :

GOLD:

 

GOLD 1

 

GOLD (29623) closed the week with a positive note gaining around 0.90%.

As we have mentioned last week that minor resistance for the commodity lies in the zone of 29400 to 29450. Resistance for the commodity Gold lies in the zone of 29650 to 29750 where Fibonacci levels and 200 Daily SMA is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30300 to 30500 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 29640 and close the week around the levels of 29623.

Minor support for the commodity lies in the zone of 29400 to 29450. Support for the commodity lies in the zone of 29300 to 29350 from where the commodity broke out on intraday basis. If the commodity manages to close below these levels then the commodity can drift to the levels of 29000 to 29100 where Fibonacci level is lying.

Resistance for the commodity lies in the zone of 29650 to 29750 where Fibonacci levels and 200 Daily SMA is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30300 to 30500 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 29100 – 29200 on downside and 29900 – 30000 on upside.

Gold Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for Gold for the week (February 20, 2017 – February 24, 2017) :

GOLD:

 

GOLD 1

 

GOLD (29360) closed the week with a positive note gaining around 0.65%.

As we have mentioned last week that support for the commodity Gold lies in the zone of around 28850 to 28900 from where the commodity broke out and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28200 to 28300 where Fibonacci levels, short term moving averages and short term bottom is lying. During the week the commodity manages to hit a low of 28872 and close the week around the levels of 29360.

Minor support for the commodity lies in the zone of 29120 to 29170. Support for the commodity Gold lies in the zone of around 28850 to 28900 from where the commodity broke out, Fibonacci levels and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28200 to 28300 where Fibonacci levels, short term moving averages and short term bottom is lying.

Minor resistance for the commodity lies in the zone of 29400 to 29450. Resistance for the commodity Gold lies in the zone of 29650 to 26750 where Fibonacci levels and 200 Daily SMA is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30300 to 30500 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 28800 – 28900 on downside and 29700 – 29800 on upside.

Gold Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for Gold for the week (February 13, 2017 – February 17, 2017) :

GOLD:

 

GOLD 1

 

GOLD (29173) closed the week with a positive note gaining around 0.35%.

Support for the commodity Gold lies in the zone of around 28850 to 28900 from where the commodity broke out and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 28200 to 28300 where Fibonacci levels, short term moving averages and short term bottom is lying.

Minor resistance for the commodity lies in the zone of 29400 to 29450. Resistance for the commodity Gold lies in the zone of 29650 to 26750 where Fibonacci levels and 200 Daily SMA is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 30300 to 30500 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 28500 – 28600 on downside and 29600 – 29700 on upside.