Skip to main content

Buy Sell Signal Software for Share Trading

By


GOLD LOSING ITS SHINE—COMMODITY MARKET
        With investors moving money out of gold and silver, the futures tumbled at a breathtaking speed on intraday Friday night session which witness bloodbath and butchery of gold in the commodity market.  With commodity tips providers being clueless, gold futures for delivery closed at $ 1482.65 registering a loss of $ 82.25 or 5.26 per cent in intraday trading session.
        Investors were selling gold like anything; earlier when the bull rally was on, investors were rushing to buy gold.  The exact volt a face is taking place with investors having changed their trading strategy for gold intraday trade.  The bull run has been prevailing for over a decade.  Now at the first instance of a signal that the rally is fading, people are rushing out to sell gold in panic of trend reversal on technical chart.
        The scale and magnitude of the loss gave a shock to investors.  The best trading software struggled to find out where to put a hold on reigning down bullions.  But, the technical analysis says that bounce back in gold and silver is equally expected.  For the time being sentiment on gold the bearish no doubt about it and so is commodity market.
        Other factors, investors were taking money out of gold and silver notwithstanding the fact that the dip in US retail sales data released yesterday that also took equity market down.  Safe heaven demand in gold has virtually been wiped out. 
        The news that Cyprus would carry out sales of its gold assets spurred speculation that other countries in Eurozone too would follow suite thereby increasing the supply of gold in physical markets.  The risks to current prices of gold in the commodity market as skewed to the downside as we move though 2013 and the fall in the prices could end up being faster and larger than the forecast.
Visit Us : www.technotrades.biz 
Contact Us : +91-9958406102

Comments

Post a Comment

Popular posts from this blog

Market at a Glance

By
Market at a Glance Indian benchmark indices are likely to open lower today, tracking negative global markets. Meanwhile, the Asian markets are trading lower amid concern about the faltering global economic growth after manufacturing surveys from the Eurozone and China depicted a bleak outlook. Further, concern that the European leaders are struggling in finding ways towards solving the region's debt crisis and fading hopes of more stimulus from the US Federal Reserve are also weighing over the sentiments. In SGX Nifty, Aug'12 contract last traded at 5,406, down by 23.00 points from previous settlement.
Post a Comment
Read more

BANK NIFTY PERFORMANCE ON 25 JULY 2013

By
BANK NIFTY SELL TRADE MADE ABOUT 70 POINTS ON 25 JULY 2013
Post a Comment
Read more

NIFTY LEVELS AND TRADING STRATEGY 21 AUG

By
Nifty closed marginally positive at 5366.30, up by 3.35 points or 0.06%, the Indian key indices opened on a strong note amid stability in global markets on hopes of easing Eurozone credit crisis. Later market erased all gains after the CAG found irregularities in the government's coal allocation and usage. Nifty has formed a high wave candle with long shadows on both sides near its immediate resistance level 5,380 indicating indecisiveness at higher levels. Nifty has also broken below its supporting trend line with heavy volumes and decisive closing below 5,350 indicates that Nifty is likely to remain under selling pressure which would lead the index downwards towards 5300‐5250. On the up side sustain buying above the 5,380 mark will see follow up buying towards 5,420‐5,460. Trading strategy would be to Sell if market resist at 5,380 and Buy if support at 5,330. First resistance for the Nifty is 5,399 and next resistance 5,427 and first support for the Nifty is 5,339 and ne...
Post a Comment
Read more