Thursday, October 17, 2013

Thursday, October 17

Asad Rizvi

GMT 2:48 - GOLD @ $ 1280 = There is a minor possibility that yesterday gold may have seen this weeks low and may hold above $ 1267 levels. I see support around $ 1274 to hold for a move and break of $ 1289 levels for more gains for a possible test of $ 1295-97 zones. Break of support level risks for a fall towards $ 1255.
GMT 3:07 - EURO @ 1.3547 = Support 1.3502 should hold, as Euro is likely to make gains towards 1.3585-95 zones and only clear break will encourage for 1.3640. Or else 1.3470-80. 
GMT 3:17 - GBP @ 1.5977 = Cable is buy on dip, as strong support is at 1.5920-30. Looking for a test and break of 1.6020-30 for 1.6050. Or else 1.5880.
GMT 3:23 - JPY @ 98.62 = JPY looks weak and may not have enough strength beyond 98.35-45. Expecting a move towards 98.98-05, break will encourage for 99.40. Or else 98.15.   
GMT 3:26 - AUD @ 0.9541 = Aussie is a buy around 0.9510-20 for 0.9570 or else 0.9480-90 before up again.
     

DISCLAMER : The commentary/information presented is not intended for trading purpose. The idea is to exchange views with the members/readers. Therefore, I accept no responsibility or liability for any losses incurred due to position taking.

30 comments:

  1. GMT 2:48 - GOLD @ $ 1280 = There is a minor possibility that yesterday gold may have seen this weeks low and may hold above $ 1267 levels. I see support around $ 1274 to hold for a move and break of $ 1289 levels for more gains for a possible test of $ 1295-97 zones. Break of support level risks for a fall towards $ 1255.

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  2. EURO @ 1.3547 = Support 1.3502 should hold, as Euro is likely to make gains towards 1.3585-95 zones and only clear break will encourage for 1.3640. Or else 1.3470-80.

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  3. GBP @ 1.5977 = Cable is buy on dip, as strong support is at 1.5920-30. Looking for a test and break of 1.6020-30 for 1.6050. Or else 1.5880.

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  4. JPY @ 98.60 = JPY looks weak and may not have enough strength beyond 98.35-45. Expecting a move towards 98.98-05, break will encourage for 99.40. Or else 98.15.

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  5. AUD @ 0.9541 = Aussie is a buy around 0.9510-20 for 0.9570 or else 0.9480-90 before up again.

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  6. GOLD @ $ 1376 = Buy the lows around $ 1274-76 Stops $ 1269

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  7. today will guide us buy gold around 74 hold right sir

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  8. EURO @ 1.3520 = Book your profit around 1.3520-25.....Cheers.

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  9. GBP @ 1.6042 = Book your profit ariound 1.6042-48....Cheers

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  10. AUD @ 0.9591 = Book yor profit around 0.9591-97..cheers

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  11. what about Gold now ..will it target 1320

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  12. GOLD @ $ 1315 = Book your $ 40 profit in gold around $ 1315-20-.Cheers

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  13. Today, I have given Eid money to all Enjoy...................................

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  14. Take profit and wait my next post, if I have time.................

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  15. GOLD @ $ 1308 = Sould bounce back from $ 1305 Stops if $ 1298 breaks...............

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  16. GOLD @ $ 1307 = Do not rush to buy allow fall below $ 1305 to pick the bottom correction could dip to tests $ 1298-03 before up............

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  17. GBP @ 1.6080 = If you want to take a chance sell around 1.6080-90. Do do spply Stops 1.6125 if hit.....................

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  18. hi sir

    where to put SL and TP for euro short @ 1.3632?

    Thanks

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  19. T/P around 1.3585-95, as Euro I am axpecting another upside move, possibly bad jobless less claims number due to US debt limit mess will be the moving factor.

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  20. ok sir Thanks

    If debt deal is DONE then USD must be Strong but this time the trend is different.. Did i miss something ?

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  21. "Today, I have given Eid money to all Enjoy"....thank you so much..brought Gold @ 1305..Target???

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  22. Moeen, my immediate feeling after the debt averted is that tapering will be delayed because during last 15-20 days US economy have deteriorated. Delay in scaling down also suggest that FED would continue with easy money policy stance for sometime. While European economy is doing fine. Gold is also the beneficiary because tapering can be delayed.

    This what we as analyst have read about the market. It pays if our quick thinking works and same if we goof up, we have end on the loosing side.......Cheers

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  23. naj rj, GOLD @ $ 1310 = I always say New York is the most unpredictable and notorious market. They will be entering soon. It is always advisable to get out of your position before they enter unless there is clear direction. I see gold struggling around $ 1310-15 levels before NYK and could see a small dip buy another buying is seen below $ 1300. Today's target is another upside move of $ 1320-25, but bad jobless claims data could push it further. Similarly, data may not reflect true picture because quite a few people were out of jobs after shutdown..Do book you profit and wait to buy on dip......GL

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  24. Gold @1321 before US Jobless Claims

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  25. US is a different market difficult to read.

    This why I have given buy signal in Gold. Break of $ 1325-28 could see gold exhausting around $ 1335-40............

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  26. Sir

    Closed all LONG positions

    Is the DATA is good enough for USD ?

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  27. We could be close to top in currencies

    & gold may fail to move beyond $ 1325-27 levels.............

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  28. next in gold sir possible another test ogf 25

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