Gold next week is expected to remain cautious as it has been rising continuously for the past five consecutive weeks. While there are key events expected in the consequently week which may impact the gold price performance with heavy volatility.
1)FOMC meeting in the US may have a strong impact on gold. Whole world is expecting the US fed to maintain its interest rate unchanged while it may cut down its asset purchase programme from $75 billion to $65 billion which can have negative impact on gold prices. However Bills John Miller Jersey , unless that is stated clear gold may either remain vulnerable or stay volatile. Our in-house research continues to watch $1272-1275 as strong resistance zone. So only on break above the same the price direction may change
2) India's monetary policy meeting is also expected in the next week and likely that RBI may not develop any strong stance and because of which initially Indian rupee might depreciate which can help the local gold prices to continue its rise. However, as the week progresses the effect of weak Indian rupee against the US dollar might fade so gains in gold prices could curtail.
3) There are several economic data expected from euro-zone, US and some Asian countries in the next week which can develop huge volatility in the market. Our economic study suggests initially US dollar index might decline and the euro
Currency may appreciate and their impact to see on gold prices. In this regard gold prices may initially rise and then it may correct. Looking at the overall scenario we believe gold price may gain initially in the next week while from higher levels we could see selling pressure building in. So, we suggest both buying and selling futures contract in gold
Gold February MCX futures prices are expected to remain upside for the week ahead. According to the fibonacci principle, prices are witnessing a resistance at 29684(61.8% retracement of the range 30679-28075). On break above 29684 could lead the gains to move towards 29916(70.7%) followed by 30121(78.6%). Supports are seen at 29377 (50%) followed by 29210 (moving averages support). Pivot point is at 29397 (O-29288, H-29675 Bills Shaq Lawson Jersey , L- 28965, and C- 29552). For short term traders we suggest buying on dips
Silver next week may remain vulnerable while selling pressure could be seen from higher levels. As discussed in the last weekly report and have been discussing in our daily report about gold-silver ratio strategy where in recommending sell in silver and buy in gold futures contract. We believe the same scenario may exist in the next week too. Also, we are expecting global equities to correct further in the next and select metals are also likely to trade down which can help silver prices to correct in the near term. Nonetheless, at the local market fall in silver prices could be minimal due to Indian rupee depreciation. So price divergence between global and local silver prices could be noticed in the next week. Hence, we are suggesting sell in silver prices from higher levels at the local market with strict stop loss
Silver March MCX futures prices are trading in a consolidation range and expected to continue the same trend. As per the fibonacci principle, prices are witnessing a stiff resistance at 45990 levels (38.2% retracement of the range 51821-42385). From the past seven week's prices failed to post a closing above 45990 levels which has left the downside cues to remain intact. For short term traders we suggest both selling and buying.
Imagine an ageless land Bills Nathan Peterman Jersey , exotic and picturesque, abounding with birds and wildlife. Majestic views of mountains and plains gracing these magnificent landscapes, the soul of this country 鈥?its people. Imagine its spectacular sights and captivating encounters with unique cultures, Charming village scenes and bustling markets, Fascinating flora and fauna. It鈥檚 the adventure of a lifetime 鈥?an awe-inspiring, memory-making experience. Plan for Serengeti Safari to discover Tanzania Bills Dion Dawkins Jersey , Africa, the way it was meant to be seen. The great migration of wild life at Serengeti has no other match in the world .At first sight you must find yourself in a different world, a world nowhere exists. Welcome to this different world of nature and natural Excellencies.
The Serengeti Safari鈥檚 main attraction is the Great Migration, consisting of up to 2 million wildebeest, 200,000 zebras and 350 Bills Zay Jones Jersey ,000 thompson, impala and grant's gazelles. The predator viewing here is exceptional with approximately 3-4,000 lion and huge numbers of cheetah, leopard and hyena. Other animals commonly found in the park include topi, eland, hartebeest Bills TreDavious White Jersey , buffalo, elephant, caracal, serval, bat-eared fox, hyrax Bills Tremaine Edmunds Jersey , genet, hares, porcupine, aardvark, giraffe, jackal Bills Josh Allen Jersey , mongoose, crocodile, monitor lizard, aardwolf, many kinds of primates including baboons, vervet and colobus monkeys Bills Kelvin Benjamin Jersey , and over 500 species of beautiful bird such as eagles, ostriches, fish eagles and secretary birds reside within the park. The endless grassy plains are the richest grazing grounds on the continent, and therefore home to the largest herds and the highest concentrations of predators on the planet.
A country with epic topography, Tanzania is a wilderness and wildlife extravaganza. This vast and sparsely-populated country hosts some of the greatest wildlife experiences on Earth in which Serengeti is at the top. Serengeti is not famous only for large concentration of wild animals but for balloon Safaries. A Serengeti Safari is not merely a game viewing experience, but also an opportunity for a unique adventure over outstanding African landscapes. Hopping into a hot-air balloon is a once in a lifetime wilderness adventure. A mobile camping following the migration inside the Serengeti National Park would make your Serengeti Safari experience ecstatic. Camps are changed to where the herds are. The interaction with the local tribes on their bush and camp experiences would thrill you. Wholesale Authentic JerseysWholesale College JerseysCheap NHL Jerseys From ChinaCheap NFL Jerseys China [url=http://www.cheapsoccerjerseysdiscount.com/]Cheap Soccer Jersey