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Gold: 10 of 20 traders, investors and analysts
surveyed said bullion would rise next week. 9 forecast lower
prices and 1 was neutral. Gold may chance to rise up to
$1248-$1260 and Silver up to $19.28-$19.58 in this week.
Silver:
Silver
now showing upward positions, making its trend volatile. The
resistance lies around $19.42 to $19.85 and support is around
$18.86-$18.50 in this week.
Crude:
10 of 15 analysts, forecast oil will increase in next
week. 2 respondents predicted that futures will be little
changed and 3 said the contract will decline.
Copper: 10 of 20 analysts,
investors and traders said the metal will climb up to 360.90
levels next week. 8 predicted lower prices and 2 expected little
change.
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MCX Gold OCT: Now support for the Gold is seen at
18800 and below could see a test of 18685-18482. Resistance is
now likely to be seen at 18994, a move above could see prices
testing 18120-19300.
S1:18800 S2:18685 S3:18482
R1:18994 R2:19120 R3:19300
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MCX Crude Oil AUG: Now
support for the Crude is seen at 3485 and below could see a test
of 3360. Resistance is now likely to be seen at 3550, a move
above could see prices testing 3645-3710.
S1:3485 S2:3425 S3:3360
R1:3550 R2:3645 R3:3710 |
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MCX Silver SEP: Now support for the silver is seen at 30200
and below could see a test of 29800-29430. Resistance is now
likely to be seen at 30690, a move above could see prices
testing 30850-30985.
S1:30200 S2:29800 S3:29430
R1:30690 R2:30850 R3:30985
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MCX Copper AUG: Now
support for the Copper is seen at 345.50 and below could see a
test of 339.55-332.75. Resistance is now likely to be seen at
354.85, a move above could see prices testing 360.40-365.90
S1:345.50 S2:339.55 S3:332.75
R1:354.85 R2:360.40 R3:365.90 |
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MCX Zinc AUG: Now
support for the Zinc is seen at 96.65 and below could see a test
of 94.45-90.30. Resistance is now likely to be seen at 99.35, a
move above could see prices testing 102.60-105.45
S1:96.65 S2:94.45 S3:90.30
R1:99.35 R2:102.60 R3:105.45 |
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20
Analysts Surveyed about Next week Gold Position.
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Upcoming
Important Data Reports |
|
AUG
31st:
CB Consumer Confidence:
Previous: 50.4%, Forecast: 50.9%
Actual > Forecast = Good for Dollar |
AUG
31st:
FOMC Meeting Minutes:
More hawkish than expected = Good for Dollar |
|
SEP
1st:
ADP Non-Farm Employment Change:
Previous: 42K, Forecast: 20K
Actual > Forecast = Good for Dollar |
SEP 1st:
ISM Manufacturing PMI:
Previous: 55.5%, Forecast: 53.3%
Actual > Forecast = Good for Dollar |
|
SEP 1st:
Crude Oil Inventories:
Previous: 4.1M, Forecast: 3.0M |
SEP 2nd:
Unemployment Claims:
Previous: 473K, Forecast: 477K
Actual < Forecast = Good for Dollar |
