COMEX Gold Dec'12COMEX Silver Sep`12
GCZ2SIU2Gold SPDRSilver Ishares
Market CommentaryChart: COMEX Gold DailyThemes for the Week
•US Durable Goods Orders•US Existing and New Home Sales•Euro Zone Manufacturing and Services PMI•German GDP•HSBC Flash Manufacturing PMI
Key Events Today
•Chicago Fed National Activity Index
Camarilla LevelsETF Changes
GOLD OUTRIGHT REPORT20/08/2012PriceLevels Gold Dec`12**1610.8*****1619.2****1615.6**1646.4**1629.7***1633.6*****1638.6******1627.5****1621.4***1626.8*****1601.4****1598.9***1594.5*****1592.1***
• View: Bullish to Sideways
is showing resilience at higher levels which induces a slight bullish bias into the markets.However, the area between 1626.8 and 1629.7 is a strong supply zone.
• On a move downside, Markets are expected to find initial support near the previous closing at 1619.2
levels. Close below that is expected to give a bearish bias to the market.
• In Summary, Markets are expected to stay Bullish to Sideways. Expect a test of 1627.5.
Bottom-Line: Markets are expected to stay Bullish until 1619.2 holds.
© Copyright 2011 GHF Group. All Rights Reserved.Author: email@example.com