GOLD EYES FOR 618 Level

As we did mention earlier,

1 hour 200 Day Moving Average will break, it was broken.

We werent suprise also, after FED meeting it went Up, Cause we did mention the ranges the gold will trade, and it did, Happily

We set our eyes to 618

Thats 4 Hour Chart - 200 Day Moving Average

bull trend Begins Slowly

US STOCKS

Heading into the final hour of stock trade the Dow is up
180 points while Nasdaq is ahead by 50.

FOMC REACTION: ECONOMIST GLENN HABERBUSH OF MIZUHO SAYS

Economist Glenn Haberbush of Mizuho says FOMC hike was "as
expected," and statement was "tweaked" to be "less conclusive that
additional tightening actions will be needed." He notes FOMC remains
hawkish on risks to the inflation outlook, and Mizuho continues to look
for pause at the Aug 8 FOMC -- which is 2 employment reports and one CPI
report away.

Dollar Drop is a Little Relieft - JP Morgan Says

Anton Pil, global head of fixed income and foreign exchange at JP Morgan in New York, say the dollar sell-off is "a little bit of relief" for currency markets. "With a lot of people having talked about a 6% handle on the Fed funds rate, there's a little relief that the Fed statement was not as hawkish as it could have been," said Pil. He said we could see a resumption of an older trend: dollar weakness. But he warned that markets "need a bit more before we're out of the woods," particularly as the Fed remains data dependent going forward.

USD MAY FALL FURTHER ON CONFUSING FED

The dollar could sell off a lot more if the market begins to lose respect for the Federal Reserve following the release of central bank's less hawkish-than-expected policy statement, according to Andrew Busch, global market strategist at BMO Harris Nesbitt in Chicago. The Fed's policy statement is "a continuation of the inability of the Bernanke Fed to communicate what they want," Busch said. "It further confuses the market...At the beginning of his term, we thought data dependent meant growth, then they clarified that it meant inflation, now they have changed their statement to include growth and inflation." At 2:46 p.m. EDT, the euro was at $1.2645 from $1.2527 before the statement and $1.2552 late Wednesday, according to EBS. The dollar was at Y115.30 from Y116.19 before the statement and Y116.47 late Wednesday, while the euro was at Y145.77 from prestatement Y146.56 and from Y146.17 Wed.

Gold Eyes for 600 Today

Atlast gold looks relieve today.
Gold looks to hit 600 Today
Its right now at its Resistance level (594-596). It looks Like Breaking it

FOMC IS DATA DEPENDANT

Despite some talking heads' conclusions, the FOMC is not committed to an August policy move or non-move minutes after its meeting. Data dependency means that it will wait to see fresh data, particularly on inflation. That will still take weeks to evolve, the statement referred to "the evolution of the outlook for both inflation and economic growth." They haven't already decided.

BUSH : N.Korea Missile Launch Would be UnAcceptable

The test-firing of a long-range missile by North Korea would be "unacceptable," President Bush said Thursday.

"We both agree that it's very important for us to remain united in sending a clear message to the North Korean leader that, first of all, launching the missile is unacceptable," Bush commented in a joint news conference with visiting Japanese Prime Minister Junichiro Koizumi.

U.S. officials have said that intelligence shows North Korea may be preparing to launch a long-range missile; Washington and Tokyo also have warned against such a move. A Japanese newswire reported that China also has warned Pyongyang not to go ahead with the test.

North Korean leader Kim Jong Il "hasn't told anybody where the missile's going," according to Bush. "He has an obligation, it seems like, to me and the prime minister, that there be a full briefing to those of us who are concerned about this as to what his intentions are."

OIL FUTURES

Nymex crude futures remain near their intraday highs and react little to widely expected Fed move to raise rates 25 BP. However, the indication given by the Fed that it may be pausing its tightening campaign, which sent the stock market rallying and the dollar lower, is seen as bullish for oil. "The Fed is a lot less hawkish" than many had feared just a few weeks ago, an energy markets analyst says. The indication that it may be done with interest rate hikes for the time being "is bullish for oil," the analysts adds. "Buy everything." Aug crude closes +$1.36 at $73.55/bbl.

Buy Everything

Eveeryone Buying right now for SHort term

FOMC STATEMENT SHIFTS LANGUAGE

It's subtle but important. The FOMC's statement dropped the May 10 section "that some further policy firming may yet be needed" to "the Committee judges that some inflation risks remain." A slightly more aggressive statement, although still clearly data dependent

TEXT OF FOMC STATEMENT

Here is the statement released by the Federal Open Market Committee on Thursday after it raised short-term interest rates by a quarter of a percentage point to 5.25%.

Release Date: June 29, 2006

For immediate release

The Federal Open Market Committee decided today to raise its target for the federal funds rate by 25 basis points to 5-1/4 percent.

Recent indicators suggest that economic growth is moderating from its quite strong pace earlier this year, partly reflecting a gradual cooling of the housing market and the lagged effects of increases in interest rates and energy prices.

Readings on core inflation have been elevated in recent months. Ongoing productivity gains have held down the rise in unit labor costs, and inflation expectations remain contained. However, the high levels of resource utilization and of the prices of energy and other commodities have the potential to sustain inflation pressures.

Although the moderation in the growth of aggregate demand should help to limit inflation pressures over time, the Committee judges that some inflation risks remain. The extent and timing of any additional firming that may be needed to address these risks will depend on the evolution of the outlook for both inflation and economic growth, as implied by incoming information. In any event, the Committee will respond to changes in economic prospects as needed to support the attainment of its objectives.

Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; Timothy F. Geithner, Vice Chairman; Susan S. Bies; Jack Guynn; Donald L. Kohn; Randall S. Kroszner; Jeffrey M. Lacker; Sandra Pianalto; Kevin M. Warsh; and Janet L. Yellen.

In a related action, the Board of Governors unanimously approved a 25-basis-point increase in the discount rate to 6-1/4 percent. In taking this action, the Board approved the requests submitted by the Boards of Directors of the Federal Reserve Banks of Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, and Dallas.

FOMC decision gets released at about 2.15pm ET.

FOMC decision gets released at about 2.15pm ET. In May, the
FOMC statement said: "Economic growth has been quite strong so far this
year. The Committee sees growth as likely to moderate to a more
sustainable pace... Still, possible increases in resource utilization,
in combination with the elevated prices of energy and other commodities,
have the potential to add to inflation pressures. The Committee judges
that some further policy firming may yet be needed to address inflation
risks but emphasizes that the extent and timing of any such firming will
depend importantly on the evolution of the economic outlook as implied
by incoming information."

Dollar Slightly Higher

The dollar is slightly higher versus the euro and down versus the yen heading into the FOMC interest rate announcement and accompanying policy statement. At 2:02 p.m. EDT, the euro was at $1.2527 from $1.2552 late Wednesday, according to EBS. The dollar was at Y116.19 from Y116.47 late Wednesday, while the euro was at Y146.56 from Y146.17. The dollar was quoted at CHF1.2500 from CHF1.2462, while sterling was at $1.8098 from $1.8181 Wednesday.

Ahead of the Fed, the dollar holds around $1.2530, Y116.20,

Ahead of the Fed, the dollar holds around $1.2530, Y116.20,
$1.8105, Chf1.2495 and C$1.1165. 10 yr yield is around 5.214% and Dow is
up about 75 points while Nasdaq is ahead by 15.

Currency Trade Idea: USD/JPY

There are Chances for People to Sell USD/JPY at 115.76
Target Aim at 114.50
Stop Bid 116.05

World Cup Pauses; Fed Probably Won't

Whatever the Fed rate decision is when it comes in 15 minutes, there can be no doubt as to how good the Fed's timing is. After all, the U.S. central bank managed to deliver its rate decision on one of the few days between June 9-July 9 that no World Cup games are taking place. Indeed, the Fed has squeezed its entire two-day meeting between the second round and the quarter-finals of the tournament. Is Bernanke a secret soccer fan?

MARKET TALK: FED SET TO HIKE BY 25 BPS

The Fed is set to announce in short order the outcome of its policy meeting. All major banks predict a hike in the overnight fed funds target rate to 5.25% from 5%. There's not a lot of clarity in terms of expecations about how the Fed explains its move - some believe it could well release a policy statement close to the one that came out after the May 10 gathering. Still, markets will be looking for clues about whether more tightening is to come. The consensus view believes the Fed will hike a final time to 5.50% at the September meeting, although a notable minority believe it will happen instead at the August meeting.

Currency Trade Idea: EUR/USD

There is feeling for SHORT for EUR/USD at 1.2500, Target around 1.2405
And Stop Bid at 1.2522

Treasurys Edge Lower, 10-Yr At 5.22%

Treasurys are falling back a little ahead of the FOMC announcement, with the 10-year yield at 5.22%, now up just 6/32. The 2-year note is up 1/32 at 5.25% and the 30-yr bond is up 12/32 at 5.25%.

Currency Traders Squaring before FED Announcement

The dollar fell against the yen and traded little changed against the euro Thursday as investors squared positions ahead of the Federal Reserve's interest-rate announcement later in the session.

The dollar has been fairly solid in the runup to this meeting on expectations the Fed will continue lifting interest rates, and some traders are likely to take profits ahead of this afternoon's decision, he said.

Today's much anticipated FOMC decision will prove more anticlimactic than was previously thought a month ago

FED NEWS FROM CITIGROUP

From Citigroup economist Bob DiClemente: "The FOMC is gearing
up for a strongly worded anti-inflation message" and officials are "on
the same page once again" with mkt participants. FOMC will have to
balance the statement "between elevated inflation risks and signs that
the much anticipated slowing is under way." Citi looks for 5.5% funds in
Aug in a nod to inflation worries. He says a test of Fed resolve and how
the econ behaves may come from the consumer now that higher gas prices
have been weathered.

45 minutes left

Around 45 Minutes for the FOMC Meeting.
Gold is in the range.
Many traders are dissappointed gold couldnt touch 595 Level Again.

Fed jitters, early month/quarter-end and a long weekend
positioning by US traders seem set to keep gold in a quietly volatile
mood over the next few days, however the majority of the market appears
to wait for the outcome of today's Fed rate decision and speech before
deciding the metal's next direction

Zig-Zag Happening

Market is Zig Zag, before FOMC Meeting.

Decision Inflation Economy Bias Outcome

25 bp Hawkish Hawkish Further hikes USD positive

25 bp Hawkish Dovish Further hikes USD neutral*

25 bp Dovish Dovish Fed is done USD negative

25 bp Dovish Hawkish Fed is done USD negative

* Reference

We believe the most probable scenario for today’s FOMC comments is 25bp hike with strong wording on inflation, acknowledgement of a slowdown in economic activity and a bias for an additional hike in August.

Recent economic readings have shown a clear sign that inflation, driven by higher oil and commodity prices, have filtered into core. May Core CPI inch up to 2.4%, well over the FEDS 2.0% target, an event which worries even the dovish FED members. Another concern of the FED has been over tightening and killing the US economy. This month figures (including today’s f5.6% GDP) have illustrated that the economy is more resilient than originally thought and can handle additional rate hikes.

Should Bernanke’s rate decision and subsequent comments match our forecast, we expect the USD to gain short-term strength as trader’s price an August hike. Note, that this USD momentum will be short lived as we have seen a trend of decreasing support on each additional rate hike and a majority of 5.50% has already been priced in.

However, we believe there has been significant build up in the market, so any strong directional move will trigger a bandwagon effect.

Gold seems to fall down soon

There seems to be a feeling on Major 20-30$ drop in Gold. Touching 200 Day Moving Average
Lets await around 2 hours for FOMC Meeting

FED News Via Credit Suisse

Via Credit Suisse - "Although inflation data have been
disappointing, growth appears to be decelerating and we would not expect
the Fed take the drastic action of surprising the market with a 50 bps
rate hike."

Gold starts Preparing

POST AND VIEW COMMENTS

Gold Prepares for Thursday and Friday
Gold plans to hit Daily 200 Day Moving Average Again which comes in 550 Level

Which is right now $28 Dollars Away from it.

We shall see it Hitting again, as we mentioned 2 weeks Ago.

After this Hitting, Shall be a good chance to go Long again


What is your View, Post your comments.

US Chamber of Commerce outlook:

US Chamber of Commerce outlook: Fed funds peak to be 5.5%, possible
reversal lower seen next yr. GDP seen slowing to a little under +3% by
2007.

US OUTLOOK : FED STATEMENT ON THURSDAY ALSO BEING DISCUSSED

Fed statement on Thursday also being discussed as setting
the market tone for the next month. Cube Financial calls for a discussion
of inflation but says FOMC will signal "that inflation reacts
with a certain lag to both changes in economic activity and monetary
policy. Such a change in wording would leave some flexibility for the
future policy action."

ECB Mersch discussion

Mersch Headlines Now coming more Hawkish.. says "vigilance requires keeping all options open", past action not a gude to future moves.

Very Interesting Comments from ECBS Mesch (usually a Hawk): playing down the fact that break even inflation is currently slightly above 2%. This is New stuff.

Everything Adjusting for Thursday

Gold Support looks at 570 Level.
Eur/USD - Dollar getting stronger.


We have Short Sell Gold at 583 level, looking for 575.

ALL EYES TOWARDS FOMC -

Nick Bennenbroek of Brown Brothers Harriman suggests a
bullish euro stance into the Fed decision Thursday. A 25bp rate hike is
expected, but the statement will be the driver, he says. "...We think
the FOMC will seek to maintain flexibility regarding its future policy
actions in the accompanying statement, a potential disappointment
considering that the August fed funds futures is currently pricing in
around an 86% chance of another 25bps at the August meeting,"
Bennenbroek says. With Fed disappointment and recently hawkish ECB
rhetoric, the euro could spike higher. He suggests a euro long at
$1.2550, with a stop at $1.2450 and a topside target of $1.3000.


EVERYONE SHOULD HAVE EYES TOWARD FOMC MEETING.
YOU SHOULD ALSO HAVE EYES ON THE DELIEVERY OF MESSAGE, WHICH IS IMPORTANT.

Comex Gold, Silver Steady As USD Up Vs Euro

Comex gold and silver futures remain steady in quiet trade as the dollar makes small gains against the euro. Traders say gold will not likely test the $600 an ounce level again before the U.S. Federal Reserve's meeting on interest rates on Thursday. Aug gold is trading $2.30 higher at $586.70 an ounce, while July silver is up 6.5 cents a pound at $10.26 an ounce.

Crude higher as Iran concerns resurface

Iran’s supreme leader poured cold water on the prospects for negotiations over its nuclear ambitions with the US. Ayatollah Ali Khamenei said negotiating with America did not have any benefit and reasserted Iran’s right to use nuclear technology.

It couldnt hit its psychological Resistance

Gold Couldnt Hold over 595 level
It couldnt hit its psychological resistance at 600
And 100 Day Moving Average at 601.50
However people who made atleast $5 Up Profit, should benefit.

Mostly All traders have Eyes right now towards FOMC meeting.

but right now things look clear, Bullish trend is Being formed, We shall see July a little slow month compared to August.

Gold Plans to hit 600

POST AND VIEW COMMENTS

Good Chance to buy.
It looks gold will hit 600 range today.

The US Data decisively inflationary, and markets react, Gold/silver rallying, stocks dipping.

US Consumer Confidence (Jun) 105.7 VS 103.8 expected

Gold trading today - how did it go?

Gold trading today from low 557.40 to a high 586.70. Beginning of the session not much buy interest which triggered some stops through 582-581 to the low.
Dip Buyers came into play alon with the crudeoil upturn as well as EURUSD going higher.
Gold Clsoing Quote Monday was 584.70 area.

Everyone is waiting for the FOMC Day.

Gold Lower As Funds Liquidate

Gold is lower as funds liquidate positions in front of the U.S. Fed meeting on Thursday. Leonard Kaplan of Prospector Asset Management says some volatility is being run out of the market as smaller funds have exited. "The big funds have no one to take the other side of their trades...so it's not as volatile as it had been," notes Kaplan. He adds that despite most knowing the outcome of the Fed meeting, no one wants to trade ahead of the meeting in case of any surprises.

To All our traders, We Suggest you to trade on Thu/Fri and Next week, would be good chance to trade.

Dollar to Test Key Price Ranges

Risk aversion and rate speculations dominated a week with light economic calendar. A couple of dollar positive factors has developed throughout the week which pushed dollar sharply higher into the end. With FOMC rate decision ahead and dollar reaching key medium term resistance against majors, the coming week could be the key to determine directions for the next few months.

Market was generally volatile consolidative early last week. North Korea's missile test has pushed dollar higher against the Japanese yen which was then countered by hawkish comment from BoJ governor Fukui which said the BoJ should be decisive in rate decision and act early, even though increment may be small. But, he later qualified that acting early didn't mean earlier than market expectation. Some are speculating that BoJ could raise rate in as early as July. However, Yen's weakness later on suggest that this may not be what the majority of the market think. And, with Fukui's scandal still undergoing and pressures on the stock market still on, we believe the end of ZIRP won't be that soon, maybe in Sept, but not in July.

Sterling was a big victim last week against dollar. MPC minutes recorded another 7-1 vote for unchanged interest rates in June and the view over inflation risks was balanced. The chances of a rate hike was further dampened by the death of MPC member David Walton, who was the sole voter for hike in the previous two meetings. Despite some hawkish comments from Trichet and other ECB officials, euro remains under pressured last week as data was less than impressive and market focus was actually not there. Canadian dollar originally managed to rally against dollar on higher than expected inflation and strong retail sales but the effect was totally counted by rate speculations of US.

Riding on risk aversion and misfortune of sterling, dollar scored further higher on speculation of a 50bp hike in the coming week. Fed will announce rate decision on Jun 29. A 25bp hike to 5.25% is a done deal. While we're not taking the rumor of 50bp hike too seriously, we believe odd is high for at least another hike in Aug and even one more Sep depending on the accompany statement. Fed's stance on fighting inflation is clear. With ECB having a pace of 25bp hike every quarter, BoE still keeping rate steady and low certainty on when BoJ will end ZIRP, dollar's strength could continue to build up on further widening rate gap.

In addition to the FOMC rate decision, the coming week is also packed with other important economic indicators including Germany IFO and Eurozone sentiments; Japan inflation; Swiss KoF; US housing data, consumer confidence GDP, personal income/spending and chicago PMI. Pretty busy!

Good Luck to Traders who have Earned on our Advice

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We wish the traders, Good luck who have earned Profits.

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Barclays Capital Says something about GOLD..

Having revised their fed funds and 2007 growth forecasts Thurs,
strategists at Barclays Capital say they recognize that gold's
upside may be limited in coming months. (Barclays revised up their fed
funds forecast by 0.5%, looking for year-end at 6.0% and also revised
down their US GDP growth in H1 2007 by 0.5% to 2.0%) In terms of gold,
the strategists note that the "gold-dollar link" appears to have
strengthened "in the absence of significant independent drivers," with
the downward pressure on the euro weighing also on gold. From a
technical perspective, the euro needs to either break below its 200-day
moving average (now $550.50), which was briefly penetrated and rejected
June 14 (lows at $543/mvg avg that day $546) or begin to gain a toehold
over $600 (100 day moving average). The breakdown high from June 14
stands at $604.30, so gold will need to see a sustained move above that
level before a new uptrend can be seen, technical analysts say. Spot
gold holds currently at $576.75/oz.

Durable Goods

Durable Goods Expected 0.4%
Out at -0.3%

It came so Much Down, It gives signs of Weakness for Dollar.

Shall see good move upwards for Gold

So much Rumors Going on in Market.

Short GBP/USD from 1.8190 target 1.8100
Short EUR/USD from 1.2490 target 1.2400
Long USD/UCF from 1.2520 target 1.2600
Long USD/JPY from 116.45 target 117.00

DOLLAR IS HEADING STRONG. Many rumours.

Today's Market Focus - Rate Rumors Flying & Durable Goods data

After yesterday's strong rally, dollar remains firm into European session. Rate speculation has been flying around. Rumor of Bernanke's meeting with bond market participants on Wed fanned some speculation the Fed might hike rates by 50bsp next week. But this is likely over-reaction in a week without much economic data. But it is true that while a 25bps hike next week is a done deal, recent hawkish chorus from Fed is implying such tone will likely continue in the post meeting statement and odds of at least another hike remains high. Durable goods order will be in focus today. Economists expect the headline orders to rebound in May and increased 0.5%, together with ex transport orders which is expected to increase 0.6%.

Technically speaking, even though EUR/USD and USD/CHF are still held by near term support/resistance, break of corresponding levels in GBP/USD and USD/JPY is favoring the case that dollar's consolidation since last week has completed and further dollar strength should continue.

Go Long.. Buy at 581.65

Dear Traders,

Go Long (BUY) at 581.65 level

Gold is right now in Oversold Territy, We assume ASIA will increase the Gold price.
It was mostly EUR/USD (Dollar ) getting strong, little correction we assume.

Gold shall pick up more.

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Gold Pulled back due to Dollar getting Strong

POST AND VIEW COMMENTS

Due to Dollar getting Little Strong,
Gold Pulled back a little.
However this was necessary, gold was just going up and up and up, wasnt making a little dip.

There is definately a Signal Next week GOLD BEARISH TONE WILL BE FINISHED< and next week i assume to people will get Long.

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CRUDE OIL UPDATE 1

Inventories (DOE U.S.):

Crude Oil out at 1385K vs. 500K exp
Gasoline out at 294K vs. 1500K exp
Distillate out at 1691K vs. 1500K exp
Refinery Utilization out at 0.58% vs 0.13% exp

CRUDE OIL UPDATE

Attention turns to the US DoE oil inventory data at 1030EDT,
where oil analysts are forecasting crude oil supplies to fall 500k
barrel in the week ended June 16. Gasoline supplies are expected to rise
1.5mln barrels -- this will the 8th consecutive weekly rise as refiners
increase supply during peak US summer demand and attempt to cash in on
the wide crack spreads. Distillate supplies are also expected to rise
1.5mln barrels. As normal, the demand component will be of greater
importantance, in particular the gasoline figure.

US STOCKS UPDATE

Stock futures trading mixed ahead of the stock market
opening, Dow futures down about 9 points and Nasdaq futures up a
fraction.

EU - US Summit News Conference Update 2

Schussel says NOW is the right moment for IRAN to take offer.

Looks like a Strong Tone being used.

EU - US Summit News Conference Update 1

Few of Some Discussion happened on this Summit was for

North Korea Missle Subject
Energy Discussion
Iran Discussion

Q&A right now going.

EU - US Summit News Conference

Watch it Live on BLOOMBERG.

If you dont have Bloomberg, next time we will be a Launching Online Live TV, for easy access.

This meeting might be a Market over

Will post Uptodate Information on this Conference.

Traders Who listened us - Are Again in Money -

POST & VIEW YOUR COMMENTS

Those traders who Listened to my Advices, and been patient like me, should now have been in Profits back Again

We wish them Best of Luck.

We Adviced you Earlier, gold shall go Down today.
We right now see BEAR BAR showing in Daily Chart.

Looks like today tone shall be Bear.

The Gold went from 579 to 572 (the current level trade).

We shall see a little more down.

Lets Await to see how NY reacts at its Opening.

CRUDE OIL

Prices rose in Asia on news of further kidnappings of oil
workers in Nigeria, and as the market awaits new US inventory data. New
York's main contract, light sweet crude for delivery in August, was last
at $69.45 per barrel, up $0.11 from $69.34 in late trading in the US
overnight.

North Korea Said on Wednesday

North Korea said Wednesday its moratorium on long-range
missile tests doesn't apply now because it's not in dialogue with the
U.S., as a former South Korean president scrapped plans to visit the
North because of a potential launch.

SOON LAUNCHING FOREX AND COMMODITY TRADING PLATFORM

POST & VIEW YOUR COMMENTS


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Dollar Weaker in ASIA Trade - No Effect On Gold

Dollar Getting Weaker, Not much effect to GOLD in Asia trade.
Looks like ASIA seems wanting to Move the gold down.
Very Little trading Still in ASIA.

Very Little trading Happening in ASIA

POST & VIEW YOUR COMMENTS

Very Little trading Happening in the Opening of ASIA,
No such Movements.
Await for few more hours to see Reaction

Still gold give indication to go down, Its still in OVER BOUGHT TERRITORY

Daily Chart - Wednesday - Bear Sign

POST & VIEW YOUR COMMENTS

Daily Chart is Giving Little Indication for Gold to go Bear.
Further Studies are underway.

I am Analyzing the Chart, I will Post the Chart in few minutes, Currently Analyzing.

I feel gold will do Double bottom
If you see the 200 day Moving Average was at 543 Level
Now its 550 Level.

Its wanting it to touch it, And then Sky rock

Next week, We feel Gold Bearish Tone shall END.

GOLD ON WEDNESDAY

POST & VIEW YOUR COMMENTS



Gold Right now is At Over Bought Territory.
It feels gold will take a Little Dip.

As we mentioned Last week, that gold will Only trade in between 545 - 585 level, And thats whats happening. It gets a kick back from 580 Level.

This thing will continue till NEXT WEEK - WHEN MAIN THING COMES - FED MEETING FOR RATE HIKING.
And by that time, Daily Chart MACD, And Everything will Stabilize, and then July will be a New Rise for Gold.

We Are further Analyzing right now

Traders who listened us, are in Money Now

POST OR VIEW COMMENTS

Traders Who listened to us, And our Analysis,
Should be up in Profit.
And Making Money

We Wish them Best of luck.

Gold Showing Weakness Below 571.

Will gold go Down?
Will gold go Up?

POST & VIEW YOUR COMMENTS


Gold Showing Weakness Below 571.
We still see downward push. Shall see hit towards 560 level.

Hopefully those people who did Short sell at level 571 as mentioned will be in Money now

Further Analysis Under way.

NY Opening Pushes gold Down.

NewYork Opening Does Push the Gold down.

We shall see gold move downwards.

Analyzing at what level gold will end at NY today.

However, gold remains below 570.

Real Currency Mover after the Indicator

POST AND VIEW COMMENTS

Real Currency Mover was USD/JPY

Eur/USD is trying to move down, Little change

We assume by this week 1.25 would be touched.

Analysis on this is being Performed.

Trade Idea for OMX

POST AND VIEW COMMENTS

The Poor Reaction seen after the stronger than Expected Housing Data is a Sign to us that the market is unwilling to buy into good news.
Sentiment is still negative and we would expect markets to range lower during the week until DURABLE GOODS ORDERS on friday.

We have Found the many traders are selling OMX.

And Many few traders have Short sell XAU (Gold) As well. And Expect for the gold to sky down.

Negative for Metals

Comex gold fell slightly as the dollar strengthened modestly following stronger-than-forecast U.S. housing starts in May, says Frank Lesh, futures analyst with Future Path Trading. "It reassured us we're going to get a rate hike," says Lesh. The markets have now factored in a 25-basis-point hike for late June and are upping the odds of another hike in August, he explains. "That's a negative for the metals." Aug gold is down $1.40 to $571 an ounce. July silver is steady at $9.97.

Reasons to Sell gold right now

POST AND VIEW COMMENTS

Dollar is stronger.

As i mentioned earlier, if weaker housing starts then sell USD

But it was way Stronger, People are buying USD now

Gold will make a Drop.

We will see gold going down.

we have already short sold gold at 572 and 569 level

Dollar is very strong right now.

I assume EUR/USD will hit 1.25 as news was roaming around.


However, Further Analysis are being under way.

Thumps Up in 10 Minutes

Heads Up for US Housing Starts and Building Permits in 10 Minutes time.

Housing Starts Expected at 1867K,
Building Permits Expected at 1950K.

Lower than Expected reading means Sell Stocks, And Sell USD and Finally buy Bunds/10 Years.

On Reading Below 1750K for housing Starts Most traders will be sellers of OMX at Market.
Generally that is the market with closest correlation to USD and Nasdaq.

EDUCATION: HOUSING STARTS

What is Housing Starts?

Release Date:	Around the middle of the following month
Release Time:	8:30am EST
Coverage:	Previous Month's Data
Released By:	Department of Commerce

Background:
This economic Indicator tracks how many new single-family homes or buildings were constructed throughout the month. For the survey each house and each single apartment are counted as one housing start, (a building with 200 apartments would be counted as 200 housing starts). The figures include all private and publicly owned units, with the only exception being mobile homes which are not counted.

Most of the housing start data is collected through applications and permits for building homes. The housing start data is offered in an unadjusted and a seasonally adjusted format.

Market remains Still for Gold.

POST AND VIEW COMMENTS

Market remains Still for Gold.
Trading in Between 568 - 572.
Market is awaiting for the Indicator to be released at 12:30 GMT

20-Jun-2006	12:30	Housing Starts (US)	may	1870K	1849K
20-Jun-2006	12:30	Building Permits (US)	May	1961K	1984K
20-Jun-2006	21:00	ABC Consumer Confidence (US)	Jun 19		-15

We Bought in our Position at 565
And Sold off at 571 level

We had a Feeling today Asia Market will increase the price. As usual.

Snap Shot:

Await for the Indicators to be Released, and then Enter the Position

We are Analyzing the Market

However Dollar still remains Strong currently

Looks like Same thing happening Like Last week, Lets watch and see.

More Analysis will be given in few minutes.


You can Start your discussion over this Topic.

MONDAY MARKETS SUMMARY

POST AND VIEW COMMENTS

Investors are nervously awaiting tuesdays report on May housing starts.

Worries that persistent inflation could make the Federal Reserve push interest rates too high, stifling economic growth, sent the Dow Jones Industrial Average down 72.44 points, or 0.66%, to 10942.11, its ninth decline in 12 sessions. It is up 2.1% this year, but down 6% since hitting a six-year high May 10. Stagflation is the combination of inflation and a slumping economy.

The dollar strengthened. Late in New York, it traded at 115.42 yen, up from 115.13, while the euro fell against the dollar to $1.2577 from $1.2639.

Stocks retreated. Total trading volume for stocks listed on the New York Stock Exchange was 2.18 billion shares, as 867 stocks rose and 2,461 fell.

After Mondays Decline in the Indices

POST AND VIEW COMMENTS

After Monday's declines in the indices, the US equity futures
markets are currently pointing slightly firmer, all up around 0.1% with
the S&P futures up 1.5, Nasdaq up 1.5 and Dow up 14.

We might see Gold to move little Up today.
Due to Gold mantains in Oversold Territory

It might hit 560 And then come up.

Its trading around level of 563 - 566 right now.

Where do we feel Gold has good Support?

POST AND VIEW COMMENTS


We are looking at a range of $540-550, which seems to be a very strong support level and we should see it slowly trading above $600-625 in next 1 month time.

The recent pull back, which we have seen in the last couple of days shows that people who had to take pain have taken it. They have cut their losses and we are seeing fresh money coming back in.

I think the allocation into these funds remains strong and, therefore, they are just looking for a chance now to come in and buy.

This correction has really pulled out the short-term speculative money but for the core long-term buyers, the funds that need to be allocated for 1-3 years continue to buy the metal.

Do we see Gold going to test $500 Levels?

POST AND VIEW COMMENTS

Do we see gold going back to test $500 levels?

I don't think so. I think there is enough liquidity right now and enough of story behind gold where people will continue to buy gold at dips. So, we may see that price may come off a bit. But we will find liquidity rushing towards the market and supporting the downside.

Was this a technical correction that has now stabilised a bit or are we genuinely seeing funds coming back and going long on gold again?

I think it was a technical correction. I think the market movements have been uni-directional, right from gold being at $400-720. So, it needed some healthy correction. But we still see funds coming in so I think there is some support on the downside for this metal.

Is the worst over for gold now or is it just a technical pull back bounce from oversold ground?

The situation right now is that we have a market, which is going absolutely bizarre. We had some kind of correction, which is coming back to reality. The basic story still remains bullish. We needed to have a correction just to bring sanity back to the market.

What do you think ?

PASS YOUR COMMENTS

Some Special News Flowing In Japense Market

Nikkie is 0.20% lower at 14,830

Chugai Pharmaceutical, the Japense unit of Roche Holding AG, slid 3.1% to 2,210. The Company is recalling Batches of two of its top three Anemia Drugs Because they were prodcued using Banned blood serum from US Cattle.

HMM.. Some Special News Flowing in Japenese Market.

Gold Remains Still

Gold Remains Still,

Finding where to go.

We likely feel Asia trade would increase the price.

Right now Gold is Around at the Border of OverSold Territory.

Dollar is Little Strong as well.

Todays Economic Indicator

20-Jun-2006	05:00	BoJ monetary Policy Minutes (Japan)
20-Jun-2006	07:30	Riksbank Interest Rate (Sweden)	Jun 20		2.00%
20-Jun-2006	08:00	Unbemployment Rate sa. (Italy)	Q1		7.7%
20-Jun-2006	08:30	Public Finances (PNSCR) (UK)	May		-1.8B
20-Jun-2006	08:30	Public Sector Net Borrowing (UK)	May		-1.4B
20-Jun-2006	08:30	M4 Money Supply MoM (UK)	May P		1.3%
20-Jun-2006	09:00	Industrial Orders sa. MoM (Italy)	Apr		-3.4%
20-Jun-2006	09:00	Industrial Sales sa. MoM (Italy)	Apr		3.1%
20-Jun-2006	11:00	CPI MoM (Canada)	May	0.3%	0.5%
20-Jun-2006	11:00	CPI Excluding Core 8 MoM (Canada)	may	0.2%	-0.1%
20-Jun-2006	12:30	Housing Starts (US)	may	1870K	1849K
20-Jun-2006	12:30	Building Permits (US)	May	1961K	1984K
20-Jun-2006	21:00	ABC Consumer Confidence (US)	Jun 19		-15

Housing Starts, Building Permits, ABC Confidence can give some impact on Gold.

Discuss your Views on POST YOUR COMMENTS

Asian Trading Began

Asian Trading Began

Looks like Gold Resumes its Downward Move since Monday when it came from 579 level right now in 564.

We are preparing further Analysis right now.

You can Post your comments on what you think at POST YOUR COMMENTS

Is Iran Tension Over?

Iran is negotiation with European Officials.
This has effect gold.

What do you feel?

Post your comments at POST YOUR COMMENTS

Gold Plays Same level

Gold Plays same level - 566 again

Gold Ended the same Level we expected - BRAVO !

Gold Ended the Same Level As Predicted.

We shall do further Analysis for Tuesday.

Await for further data

What shall we do in Directionless Market ?

What do we do in this situation? Sit on our hands and don't trade. This is the only reasonable course of action to take when the signals are so mixed and the advantages are so hidden. The dust will settle and once it does the pathway will become clear once again. Today going long or going short are both crap shoots.

So Just Watch Football Match today, And its better to not trade today. Let the dust clear the Pathway, to find the track Again.

Till now Gold Stays Same Level

As mentioned Earlier, Gold is Still trading in the range i mentioned.

So looks like today is coming to End soon in the same range 568 - 572

We hope people have listened to us, and did make good Profits at the beginning of Asian Trading.

Cheers to all!

No Such Movement After NY Market Opening

Looks no such Movement even After the Opening of NY Market,

We assume market will end today Around the same range.

The Gold was Hurt due to Dollar and Crude Oil today

The combination of a stronger dollar and softer crude oil has left Comex gold and silver on the defensive in the early going, says a trader. Overall, however, these markets are consolidating after a run-up this spring followed by a sharp correction lower. The euro has fallen to $1.2572 from $1.2642 late Friday, and July crude has lost 43 cents to $69.45 a barrel. Against this backdrop, August gold is down $9.70 to $572 and July silver is down 22 cents to $9.91.

Await NY Market to open.

Dollar remains strong in European Trade as well, We await for NY market to open, to pinup further Analysis.

We assume not a good time to enter Position, due to Gold is Playing in the same range of 567 - 572.

SUPERB ANAYLSIS APPROACHED - HOPE YOU MADE PROFITS

Well i just had a good sleep, well its good before i went to sleep, i predicted gold to go 570-572 level, and when i just woke up now, i just saw it went 568.15 level and Back up,

So i assume i was right, when i mentioned Technical Analysis Game today.

I am right now further Analyzing what willl happen next. Will Advice shortly

We assume you listened and made little profit

Those people who have Short Sell there Position at 579-580 Level would have been making $$$ right now.

We feel 570-572 level to be touched.

Dont be greedy, take in 5-8$ Profit, and cut off your Position, And then wait.. thats better.

We have tried our best to provide best Analysis, and suceeded.

Dollar little Strong in Beginning of Asia Trade

It Looks Like Gold will touch 572 level. Its due to Dollar is getting Little Strong in the beginning of Asia Trade.

Further Analysis Will be drawn in few minutes.

Technical Game much off will be done today

19th June,
We should see much of a TECHNICAL GAME today, due to there aint Solid Economic Indicator Report today.

So gold will be Playing on Technical basis today.

More Analysis will be provided shortly

19th June Economic Indicators

19-Jun-2006 07:15 Industrial Production QoQ (Switzerland) Q1 6.9% 19-Jun-2006 09:00 Euro-Zone Trade Balance (EU) Apr 1.2M 19-Jun-2006 12:00 Base Rate Announcement (Hungary) Jun 20 6.00% 6.00% 19-Jun-2006 12:30 Int'l Securities Transactions (Canada) Apr C$3.000 C$3.325 19-Jun-2006 17:00 NAHB housing Market Index (US) Jun 45 45

Look out for Eyes at 1 Hour - 200 Day Moving Average

The Asian Market might Increase the Price on Monday, But we have to still see what is happening when Asian Market opens to have a more clear Picture.

However, we feel gold to now Play in between 570 - 585 range,

As i did mentioned Last week, that WATCH OUT for 1 Hour - 200 Day Moving Average to be broken, which is 595, so we might probably see on MOnday this to be broken.

Further Technical Analysis will be provided on the Opening of Asian Market.

Technical Analysis - APPROACHED FOR THIS WEEK - SUPERB

As i mentioned earlier gold will end today at around 578 but it ended at 580ish level, Which was just $2 away from my Analysis.

As i mentioned earlier 570 would be the base, but it went 567 level. And my Analysis and study told me the Any Base which has been selected, it wil go little $2 - $3 down and then back.

Let me give a TECHNICAL Analysis, and judge me if i am true or no, i will Appreciate your kind comments.

Many people said few weeks back - 640 will be the base, and yes it did hit it many times, When it hit 640 Level first time, it went $3 down, if you remember at 637 level, and then back up

lets take very recently example, what was Daily Chart 200 Day moving Average Level, it was 545.
But it went around 541.85 level and then Pumped it towards Upwards.

So as Being little Professional, i would say try to keep such Eyes on it as well.

I am right now Studying a Little hard for next week, As this week, what i judge, and what my Studies told me did happen,

I hope some respected friends also made good profit.

Giving sometime for MACD to be fixed.

The Chart tells gold hit at 572 level many times, But went upwards

Its give MACD some time to be fixed, so it then starts going up.

Overall, techincal Aspects suggest 570-573 Being Oversold Territory.

Overall, things look going to be Upward.

570-573 Stands base..

The Feeling is arising that gold wont go below 570 Level due to few things.

The Two Indicators - Current Account Balance came Stronger making DOLLAR Strong.

But gold didnt make a Much Big Move, just a little technical Correction.

So mostly I can Say its playing a Technical Game right now.

570 is likely the base.

570 - 573 level would be a good sign to buy, but do look at the Techincal Studies that time. What does it tells you? Trend is Up?

Well, Yes, it is , Why 570-573 will tell you its in Oversold Territory, it will be the base.

Who will make It down ?

Mainly NY Market will bring the price towards 570 Level

They always want profit on Friday :)

Asia trading ended around 584 - And now Europe made 580

USA can make it 570.

We will have to wait till NY Opening, But since technical Charts do suggest, there will be a Lightly dip.

Today reaction ??

Gold is likely to take a Dip at around 570-572 Level TODAY

As mentioned earlier, gold will hit (30 Min - 200 Moving Average) at 580 Level, and it broke and went towards 584 level.

It should go a little down now, at 572 level range. Due to Friday is Normally A Profit-taking day and as technical Charts mention it will take a Dip.

GOLD WAS AT 665 came back to 650 level again. WHY ??

First of All, Apologizing due to little late blog.
due to our buzy time with other posting at other forums.

However, reasons why gold came 665 to 650 level.

Suppose i am in ASIAN Market, and you are in NY market..

And i told you Hey NY Market, i bought at 545 at 200 Day Moving Average..

How about you ???
You would say.. EHH Asian Market, we were unlucky, you guys brought the price towards 565 level...
BUT NY MARKET SAID, BUDDY, WE WILL USE OUR FULL POWER, And make price back to 545 - 550 Level, And will enter the same price like you..

WOLLAH and we saw a 545-550 DIP Again, which was 200 Moving Average near By.

As i did mentioned earlier too that NY market will make price back to 545-550 Level

Lets see ASIAN market Opening reaction. then i will come with a Judgement.

OIL SETTLED AT 72.60 PER BARREL

NYMEX July light sweet crude oil futures settled at $72.60 per
barrel, down from an earlier high of $73.85, but up from Friday's
settlement at $72.33. Oil got a lift earlier on warnings from Iran that
supplies in the region could be cut back if the US makes a "wrong move,"
analysts say

FED TALKS TOUGH ON INFLATION DESPITE SLOWDOWN

Although the anticipated slowdown in growth is underway, financial markets shouldn't question the inflation-fighting credentials of the Federal Reserve Bank, Chairman Ben Bernanke said Monday.

"There is a strong consensus" among FOMC members to keep inflation low, Bernanke told an international banking forum here.

Recent core inflation readings "have been higher in recent months" and "has reached a level that, if sustained, would be at or above the upper end of the range that many economists, including myself, would consider consistent with price stability and the promotion of maximum long-run growth," Bernanke said.

These core readings "are unwelcome developments," he said.

"Therefore, the FOMC will be vigilant to ensure that the recent pattern of elevated monthly core inflation readings is not sustained," Bernanke said.

Bernanke noted that inflation expectations have edged up, but said they still remain in the ranges "in which they have fluctuated in recent years."

"But these developments bear watching," he said.

To keep inflation anchored, the Fed must have a strong commitment to maintain price stability and also "a consistent pattern of policy responses to emerging developments as needed to accomplish that objective," he said.

Bernanke said the slowdown in the U.S. economy is no longer simply a forecast.

"Real domestic product grew rapidly in the first quarter of this year, but the anticipated moderation of economic growth seems now to be under way," Bernanke said.

Consumer spending has been slowing in recent months, probably due to higher energy prices, he said.

Despite all the noise in the statistics, there is no doubt that the housing market is slowing, he added.

The May job report and other indicators are consistent with the softening in economic activity, he said.

With the slowdown emerging, the Fed must be cautious as it sets monetary policy.

"With the economy now evidently in a period of transition, monetary policy must be conducted with great care and with close attention to the evolution of the economic outlook as implied by incoming information," Bernanke said.

The Fed chief said the central bank will focus particular attention on "the medium-term outlook for inflation."

Bernanke said the FOMC will seek a growth path for the economy near the trend-rate of growth, usually put by economists in a range of 3%-3.5% real GDP growth.

US STOCKS SUMMARY

U.S. stocks took it on the chin, with the Dow Jones
Industrial Average closing down 199 points at 11,049 and the Nasdaq
Composite down 50 points at 2,170.

FED REACTION FROM NORTHERN TRUST

Fed react: From Northern Trust: "Chairman Bernanke delivered
essentially a speech about inflation to make it loud and clear that the
Fed's hard won inflation fighting credentials will be maintained.
Although he mentioned all soft spots of the economy -- payrolls,
housing, and consumption spending -- the main focus of the speech was
inflation. In the inflation-growth debate, there is no doubt that
inflation is the primary concern now."

FED REACTION OVER IMC

Fed react: From Bear: "Fed Chairman Bernanke notes that the economy
is moderating, but this speech provides another indication that this is
what the Fed wants to see." Bear says May CPI on Jun 14 "could influence
expectations for the June 29th policy decision (but) at this point, we
continue to expect the Fed to respond to inflation developments with
another quarter-point rate hike."

IMC Q&A

Bernanke says US consumer is in good

Bernanke said mkts are effective risk mgrs. Trichet said US and
Euro areas are doing better in anchoring inflation expectations.

Muto said it is hard to predict future BOJ policy, BOJ does not
have preconceived way to exit ZIRP.

Bernanke says financial conditions are not a concern.

Bernanke said can compensate for long bond moves via short rate
adjs, but shape of curve complicates mon policy analysis.

Bernanke says mon policy too blunt a tool to manage asset
prices. Must gauge how asset prices impact the economy.

Bernanke says affect of data on forecast determines policy
response.

Bernanke says China should depend less on exports.

Muto says not to read too much into bank reserve balance day
fluctuations, BOJ is keeping o/n rate at zero.

Muto said BOJ is not targeting lower saving in Japan. Trichet
downplayed any opting out of Euro currency.

Bernanke says is taking a more global view of policy, but focus
remains on domestic macro effects.

Stone & McCarthy Research Associates' technical

Stone & McCarthy Research Associates' technical
analyst Michael Sacchitello said that "even though gold does not carry
the same weight as it used to in Fed policymaking," the gold versus
year-on-year CPI chart "certainly demands the attention of those who
make investment decisions based on the direction of inflation. In
particular, on the right hand side of this chart, it is apparent that
the end of the 20-year secular bear market in gold was a leading
indicator for the newest trend in higher Core CPI readings." Sacchitello
also added that "it is a safer bet to play gold out, and to expect a
decline to US$550/ounce in the months ahead, which is the area of its
200-day moving average. (Those clients who may have missed the call can
soon dial into the replay at 1-866-442-2093; the call leader code
is "Mike Sacchitello" and Passcode "Market News.")

Technical Insight

EVENT DATE: 2nd June 2006
Opportunity Type: Intermediate-Term Bullish
Close Price: 637.7000

Technical Insight Suggests that there is an Intermediate - Term Bullish
Due to Price has crossed above the 50-day Moving Average



What is a MOVING AVERAGE?

A moving average is an indicator that shows the average value of a security's price over a period of time. This type of event occurs when the price crosses a moving average. Three moving averages are supported: 21, 50 and 200 price bars. A price cross of a longer moving average indicates a longer term signal. A bullish signal is generated when the price rises above its moving average and a bearish signal is generated when the price falls below its moving average.

Gold doing same thing

Gold is Staying around same level for more then 2-3 Hours now

Gold Is doing same thing like it did before.

Prepare for gold to make a Dip

DownWard trend still mantains

Gold is Shaping Up to be Pushed down more Harder towards 600 Level

We assume today to hit 623 Level in ASIA level Close.

We shall see European Players driving gold Further Down.

$615 could touch today, we shall await and see if any News comes up that might change the trend.

Right now feeling occurs for sharp Downtrend

Bollinger Bands Tells - BEARISH trend

Bollinger Bands tells, Down ward curve.

I have designed a Graphic Presentation,

there is really down ward trend,

Comeon its near its home - 600

It will go there.

Look at the BUBBLE curves, Amazing.. It shows Its going down. I have marked it with Arrows, the Inward curve.

All indicators indicate a downward curve,

No special News. Dollar is Strong a Little also.

Currently Trend is Bearish

Gold Going to Home - 600 -

Gold is Moving Downwards now.

It will Surely touch $600

Everybodies Mind is Clicking, $600 on its way.

Bearish Look Still for Gold

Gold Trend is Down

Its Forming Bubbles now, And bubble makes Downward curve

Its staying 622 for 1-2 Hours now. We might see it going 625 to form a Good DIP

If 622 Stays Longer around, then a Dip from here should Appear.

People are little Panick, ASIAN PLAYERS will Short sell, and Dump there gold and go off to Vacations.

Bearish Look Still

Gold wants FOOD at $580 - $600 Level

Gold is Wanting Food Now

Gold is telling through its charts,
I am near my Home at 600 Level

So i should better go home, Fill my Tummy.

And then go out to Roam at 750 - 800 Level

And since 665 i have been seeing, its dying to go home.

Its Bearish!!!

After speaking to some Big Swiss Companies, they told me 2 Months Back gold will touch 550

But i didnt believe them, But now i do

Gold is Bear..

DIPPY MOVING SHAKY - GOLD WANTS $600

Same Thing is Happening Again

If you read your Own Charts, or read the chart i have mentioned.

Since 2-3 Hours price is moving 629 - 632 level It will dip Again

If you see on 31st also.. see for many hours gold was trading 650-655 level and dip

Then again same thing happened.

We will see same Dip Again towards $600

Gold Trend Shows Down, Same WHIP Action going life Before

Ok Right now it went Straight towards Moon.

Same Whip Show going on if you see Before too.

The Downward Trend Line is formed already

Down trend Is still there.

Day Should End today at around 635 Level

We should See FRIDAY going towards 615-620 Level

Short Sell Opportunity Arises!!!

This Bearish Trend will continue with Small Zig-Zig to finally Hit at US$ 520,

If you see the Weekly Chart, you will see the Bollinger band hitting at 510

We now see a Bearish trend forming.

Good Short Sell Opportunity Here.

DOWNWARD CURVE NOW. SENTIMENTS CHANGED. GOLD IS BEAR NOW!!!!!!

We right now see Downward curve

If you see the Chart carefully

From 665 it goes up, then Whip down, stays at same level for few hours.
Then little spike up
Whip Down

Then again stays same level, Whip down

This is happening right now.

ITS BEARISH SENTIMENT FOR GOLD

600 is very near now. We might see gold touching 580

This would complete Good support for Daily chart of gold which lyes around 580 level

Good Sell Opportunity right now.

600 FOR GOLD SOON TO COME

TODAY THE GOLD SENTIMENTS ARE DIFFERENT

THE CHART TREND SHOWS BEARISH LOOK

WE HAVE BEEN WATCHING THE CHART SINCE 665 LEVEL

IT GOES 655 STAYS THERE FOR A WHILE

THEN GOES 645 THEN STAYS THERE

THEN 635..

wE SEE GOLD TO GO MORE DOWN.

THE ECONOMIC INDICATOR WERE LITTLE IN FAVOUR FOR GOLD

BUT GOLD CHART SHOWS BEARISH LOOK

600 IS SOON TO COME

SHORT SELL GOLD.. Gold trend is currently Bearish

Gold is Pushing Down even with the Economic Indicators

Now Trend is Really Bearish

Its Better to SHORT SELL

What will today Economic Indicator do ?

Todays Economy Indicator will play Much bigger role in Gold , Dollar and other things.

If Intial Claims is Less than Expected - DOLLAR WILL GO UP
If Non-Farm Productivity is High than Expected - DOLLAR WILL GO UP
If United Labor Cost is High than Expected - DOLLAR WILL GO UP


Lets Wait till 12:30 GMT of what indicators events tell us

Main US Economic Indicator Today

Important US Economic Indicator to come Today

Watch it out.

GMT Timing Mentioned Below

01-Jun-2006	12:30	Nonfarm Productivity (US)	Q1 F	3.9%%	3.2%
01-Jun-2006	12:30	Initial Jobless Claims (US)	May 27	320K	329K
01-Jun-2006	12:30	Continuing Claims (US)	May 20	2395K	2420K
01-Jun-2006	14:00	Construction Spending MoM (US)	Apr	0.0%	0.9%
01-Jun-2006	14:00	Pending Home Sales MoM (US)	Apr	-1.0%	-1.2%
01-Jun-2006	14:00	ISM Manufacturing (US)	May	55.6	57.3
01-Jun-2006	14:00	ISM Prices Paid (US)	May	74.3	71.5
01-Jun-2006	14:30	DOE Crude (US)	May 26		-2998K
01-Jun-2006	14:30	DOE Gasoline (US)	May 26		2108K
01-Jun-2006	14:30	DOE Distillate (US)	May 26		2477K
01-Jun-2006	14:30	DOE Refinery (US)	May 26	0.45%	-0.13%
01-Jun-2006	14:30	API Crude (US)	May 26		-1168K
01-Jun-2006	14:30	API Gasoline (US)	May 26		4259K
01-Jun-2006	14:30	API Distillate (US)	May 26		1185K
01-Jun-2006	14:30	EIA Natural Gas Storage Change (US)	May 26	4	83
01-Jun-2006	23:50	Monetary Base YoY (US)	May	-15.9%	-7.2%

GOLD FUTURES DESK

Gold and Silver trying to keep heads above water but the Powerful downtrend looks still active. Resistances Respectively @ $644
Support @ 628-630 Level

Gold Charts, Slowly Are building to upwards.

Why gold went down today towards 629 ?

Do you think Gold is Down due to

IRAN?
FED/FOMC Minutes?
Dollar is geting Strong?

I hope you are in this World, and understanding the correct fundamentals.

Gold just today hit more then $100 DOWN Correction. from 730-629 level in May

Gold went down, due to it was End of Month, And ASIAN players were closing there Position, to enter with NEW BUY BACK for the Month of JUNE

If you see right now, ASIAN players made gold towards "629" LEVEL

European Players are gradually Making it up.

IRAN TALKS are on Headlines.
The Iranian Foreign Minister is reported saying it will not
give up its enrichment program

TENSION NEWS!!! this will make GOLD UP NOW

ECB Plans to Hike 50 BP Point
MAKES DOLLAR WEAK

WILL MAKE GOLD WAY UP

Dollar Getting weak right now

Gold took a Deep Dip to 630 level.

Gradually we shall see NY and London to push this Price up.

Its in Very Low Levels now.

Gold should start Pumping now.