September 2, 2014

Contract specifications
COMEX Gold futures
Lot Size

: 1 Troy ounce

Contract month listing

: Feb, Apr, Jun, Aug, Oct and Dec

Settlement procedure

: Physical delivery

Quotation

: The contract price is in US dollars per Troy ounce

Minimum price increment : $0.10 per troy ounce

Trading hours

: 3:30 am to 2:45 am (IST) (23 hrs 15 mins)

Expiration date

: 3rd last business day of the delivery month.

CONTRACT
OPEN
HIGH
LOW
CLOSE
PCT CHANGE
VOLUME
OI

COMEX GOLD DEC 14

1290.40
1292.50
1284.10
1287.40
-0.23%
71208.00
365562.00

COMEX GOLD DAILY CHART

Key Data to watch out for the week:

US Non-farm payrolls data
US ISM Manufacturing index
ECB Monetary policy meeting
German Factory Orders
US ADP Employment change
Key data for the Day: US GDP & Pending Home Sales

Technical View on Gold

View: Bearish to sideways

Markets indicate bearishness by failing to stage a decent recovery from lower levels.
Positional shorts appear to be building up in the space for an eventual test of lower levels
Key resistance on the higher side is the 1291.9 mark. As long as markets sustain below
1291.9, bias is expected to be on the bearish side
To Summarize, Markets are expected to remain bearish for the day as long as they manage
to sustain below the 1291.9 mark. Eventual target on the lower side is the 1275.4 mark

Fundamental Key Themes:

Lack of inflationary tendencies in the global economy

Strength in Equities indicating economic conditions
Geo-political tensions raging from proxy war(Ukraine) to a full blow war(Iraq)

September 4, 2014

CONTRACT
OPEN
HIGH
LOW
CLOSE
PCT CHANGE
VOLUME
OI

COMEX GOLD DEC 14

1266.70
1272.40
1261.90
1270.30
0.28%
100770.00
371515.00

COMEX GOLD DAILY CHART

Key data for the Day: US ADP Employment, ECB Monetary policy decision, US Trade Balance
Technical View on Gold

View: Bullish to Sideways

Markets indicate bullishness by staging a smart rebound after the sharp sell-off. Key
resistance for the day is expected to be 1275.4
On a test of lower levels, 1270.3 is expected to act as an initial support. Break below that is
expected to take the market to 1263.1.
To Summarize, Markets indicate bullishness by staging a rebound from lower levels.
Sustenance above 1275.4 is expected to result in a sharp short covering move higher.