Mantraa Commodity Mantra commodity is an analyst group involved in technical analysis of all major commodities gold, silver, crude, copper, natural gas etc. Mantra commodity serving to clients from last 7 years & made a strong bond of trust with our dedication towards work.Our main functioning area is .Technical analysis on all major commodities available HERE. Or you can write us on mantracommodity@yahoo.com HaPpY TrAdInG.

Will Gold Continue to Rally in 2014?

28 sec read

Gold (26.02.2014) traded upside in 2014 & broken many minor resistance, heading towards some major resistance now.

Now gold is trading around $1343 & as we can see on charts, gold was able to provide a day close above 61.8% feb correction level of last long descending move from $1433 to $1182. At the same time we are unable witness any hurdle before $1361 which was Oct 2013 high. Our only concern will be the over bought signals on momentum indicator which may delay the upside move or lead to a correction earlier.

 
On fundamental side , continue weak economic data from major economics indicating for shifting of fund towards bullion as safe haven buying.
gold

Based on above studies, we will prefer to buy gold for target $1353 & $1361 in coming trading session. A day close below $1321 will delay the forecast.

Mantraa Commodity Mantra commodity is an analyst group involved in technical analysis of all major commodities gold, silver, crude, copper, natural gas etc. Mantra commodity serving to clients from last 7 years & made a strong bond of trust with our dedication towards work.Our main functioning area is .Technical analysis on all major commodities available HERE. Or you can write us on mantracommodity@yahoo.com HaPpY TrAdInG.

Silver Momentum Pullback Trade Setup

After a significant momentum in Silver 11.77 to 29.85 silver started correcting in the month of Sep 2020 towards 21.66. Last week silver plunged...
Rajandran R
22 sec read

Is the Oil nearing the Bottom?

I woke up in the morning just to see the headlines "Oil Drops to 21-Year Low With Storage Filling as Demand Shrivels". Ever-since ...
Rajandran R
53 sec read

Gold-Oil Ratio at the Historical High

Now with One ounce of Gold one can buy 83 barrels of Crude Oil. Gold-Oil Ratio is at the historical peak as the FED...
Rajandran R
37 sec read

2 Replies to “Will Gold Continue to Rally in 2014?”

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More