GOLD OUTRIGHT REPORT Price CONTRACT COMEX Gold Dec'12 COMEX Silver Sep`12 OPEN 1616.70 28.

12 HIGH 1623.00 28.29 LOW 1613.30 27.96 CLOSE 1619.40 28.00 PCT CHANGE 0.17% -0.42% VOLUME 76964.00 24047.00 OI 386408.00 126889.00 Market Commentary Themes 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 Levels GCZ2 SIU2 28.18 28.09 27.91 27.82 ETF Changes Gold SPDR Silver Ishares

H4 H3 L3 L4

1624.74 1622.07 1616.73 1614.07

40625296 0.43% 17/08/2012

391489 Unch 17/08/2012

20/08/2012 Levels Gold Dec`12 Support Resistance ***1619.2*** *1621.4* *1615.6* **1626.8** **1610.8** ***1627.5*** ***1601.4*** *1629.7* *1598.9* **1633.6** **1594.5** ***1638.6*** ***1592.1*** *1646.4* Chart: COMEX Gold Daily

Analyst Opinion

• View: Bullish to Sideways • Market 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: sumanth.kumar@futuresfirst.in

© Copyright 2011 GHF Group. All Rights Reserved.

Author: sumanth.kumar@futuresfirst.in

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