Gold & Silver Analyses - MMI GROUP

2014/1/8 Gold & Silver Analyses

Gold:
Eurostat data released on Tuesday displayed, the consumer price index (CPI) of euro zone on December is less than the expected 0.9%.The Eurozone faces the risk of inflation further falling again.
Improvement of U.S. trade balance boosts the dollar but suppresses precious metals. The ADP national employment report in December and the Fed's December meeting minutes on Friday, will lead to hot spots again. MMI GROUP Trust Fund Team thinks the downward trend is full and still do bear market at 1267.80. Focus on 1212.70 line in the day, if stabilize above the line, can consider light storehouse and more single to participate.

Upside resistance: 1233 / 1252 / 1267.80
Downside support: 1219 / 1212.70

Silver:
Silver is still running in tank shock, short thinking below 20.50, if effectively breakthrough the bottom of tank, then the downward space open further. Non-farm in this week may make silver have a more positive performance.

Upside resistance: 20.50 / 20.90
Downside support: 19.35 / 18.70

This article only represents the personal point of author, for reference only, not as a basis for the investment. Enter the market accordingly at your own risk.

9/Jan/2014 Gold & Silver Analyses

Gold:
The Fed's policy meeting minutes from 18 to 19 December published on Wednesday revealed that the Fed thought the economic boost brought by quantitative easing bond purchase monthly has begun to weaken. after the release of meeting minutes, the dollar briefly rose, but the impact did not kept for a long time, soon returned most rising. MMI GROUP Trust Fund Team considers gold is doing concussion run, currently trading is relatively light, waiting for the interest rates of European central bank and Bank of England today and non-farm performance on Friday, can consider light storehouse build more at low order in a day, but still short thinking mainly.

Upside resistance: 1233.10 / 1248.50
Downside support: 1212.70 / 1199

Attached Image (click to enlarge)

Silver:
Silver can do short-term bullish thinking in a day or two, but still short market below 20.50.

Upside resistance: 19.90 / 20.50 / 20.90
Downside support: 19.40 / 19 / 18.70

Attached Image (click to enlarge)

This article only represents the personal point of author, for reference only, not as a basis for the investment. Enter the market accordingly at your own risk.

14/Jan/2014 Gold & Silver Analyses
Gold:
The market was closed yesterday and is relatively light because of the Coming-of-Age Day in Europe and the United States. MMI GROUP Trust Fund Team thinks the concern on slowing down the QE speed by Fed was caused by the non-agricultural data last week, which is good for commodity currencies. Gold ended positively for three consecutive days, but the downward trend is still well-defined, short thinking is dominant. Currently focus on the top edge of the downlink channel, if effectively break, may be out of a large correction rally.

Upside resistance: 1267.80 / 1278.80 Downside support: 1238 / 1212.70


Silver:
The terrible non-agricultural report last week made silver shock upstream, but still below 20.50. The 20.50 line is the most important long-short watershed, short trend may remain if cannot break effectively.

Upside resistance: 20.50 / 20.40 Downside support: 19.90 / 19.40

This article only represents the personal point of author, for reference only, not as a basis for the investment. Enter the market accordingly at your own risk.

15/Jan/2014 Gold & Silver Analyses

Gold:
Precious Metals sharply went downward yesterday after two hawks of Fed, Fisher and Plosser, newly won voting right and issued the strong views to support an early end to QE. MMI GROUP Trust Fund Team thinks the downward trend of Gold is in whole, without touching the lower edge of downlink channel yesterday, and has broken the recent upward trend, the short information is strong now. Our advice is to sell at high intraday, many holdings need be cautious, can consider longs to participate in until appears effectively break downward trend.

Upside resistance: 1245.50 / 1255.40 / 1267.90
Downside support: 1238.10 / 1227.10

Attached Image (click to enlarge)

Silver:
Silver peaked by the influence of Fed comments yesterday, but quickly fell back to the turbulence field, did not effectively breakthrough 20.50 line, showing bears power still prevail. Investors can consider empty single participate in at high intraday.

Upside resistance: 20.50 / 20.90 / 21.40
Downside support: 19.90 / 19.30

Attached Image (click to enlarge)

This article only represents the personal point of author, for reference only, not as a basis for the investment. Enter the market accordingly at your own risk.

16/Jan/2014 Gold & Silver Analyses

Gold
The performance of US banks is strong, while the US PPI and New York manufacturing PMI created new high in a year and a half. Market regained the confidence in Dollar, and suppressed Precious Metals. MMI GROUP Trust Fund Team thinks the price of gold operated under 1242.50 yesterday, but didn't hit 1246.50 line, showing short was strong. Still dominated by going short at high under 1246.50 intraday.

Upside resistance: 1242.50 / 1246.50 / 1255.40
Downside support: 1234.30 / 1227.10

Attached Image (click to enlarge)

Silver
The holdings up to January 16 of the global major silver, ETF-iSharesSilverTrust, held the line compared with the previous trading day, which was 9894.53 tons, and the total value was about $6.389 billion. After fell back yesterday sliver showed a narrow finishing. The suggestion is on processing due to the small range.

Upside resistance: 20.30 / 20.50
Downside support: 19.90 / 19.30

This article only represents the personal point of author, for reference only, not as a basis for the investment. Enter the market accordingly at your own risk.

17/Jan/2014 Gold & Silver Analyses

Gold：
Gold went sideways after two days down, as data shows the U.S. job market enhanced, and the improvement of regional manufacturing activities suppressed gold buying. The speech of Mr. Bernanke on farewell feast in the morning had no new conception and did not affect the market. MMI GROUP Trust Fund Team thinks gold is running in a correction in the downward trend. Attention on the top edge of the downlink channel, if cannot break effectively, the downward trend will be completed. There is a certain space on the upside intraday, but still suggests short thinking in the downlink channel.

Upside resistance: 1246.50 / 1255.40 / 1263.40
Downside support: 1239.90 / 1234.30 / 1212.70

Attached Image (click to enlarge)

Silver：
US international capital inflows in November released yesterday to the US economy, silver rose rapidly, but didn’t affect for a long time. Currently silver is in shrinking running, the volatility is small. Our recommendation is watching.

Upside resistance: 20.20 / 20.50
Downside support: 20 / 19.30

Attached Image (click to enlarge)

This article only represents the personal point of author, for reference only, not as a basis for the investment. Enter the market accordingly at your own risk.

21/Jan/2014 Gold & Silver Analyses

Gold:
The gold holdings of the largest global gold Exchange-Traded Fund (ETF) maintained at 797.05 tons until January 21, which the net reduction was 1.17 tons this month. Down of the dollar and stocks bo...osted investor’s confidence in gold, making gold supported. U.S. market was closed yesterday, thinly traded and amplitude is limited. MMI GROUP Trust Fund Team thinks currently gold was moving sideways at the top edge of downlink channel, and formed a contraction finish area with the small upward trend rebound. The trend remains intact now.

Upside resistance: 1262.30 / 1267.80 / 1294.40
Downside support: 1245.30 / 1234.30


U.S. market was suspended on Martin Luther King Day, Jan 20, and had no big news. Silver trend remained range-bound intraday, blocked below 20.50. Still dominated by short thinking.

Upside resistance: 20.50 / 20.90
Downside support: 20.10 / 19.30


This article only represents the personal point of author, for reference only, not as a basis for the investment. Enter the market accordingly at your own risk.See more

23/Jan/2014 Gold & Silver Analyses

Gold:
A number of Fed officials said that they will announce to cut QE in the two-day FOMC meeting in 28-29 this month. It weighs on gold to go down for three consecutive days. The Euro Zone and its multi...ple members will publish manufacturing PMI initial value in January, if the data is on the upside, and then expected to boost the gold and silver. MMI GROUP Trust Fund Team thinks the downward trend of gold is complete, highly building empty is still leading. Effectively upside break the downward channel then may appear further upward.

Upside resistance: 1237.50 / 1244.20
Downside support: 1227 / 1218.50


Silver:
The next Fed policy meeting will be held in January 28-29. Viewed from the recent side, silver was upward incapable and in a narrow shock finishing, dominated by short thinking. If effectively break 20.50, then may occur upward trend.

Upside resistance: 20 / 20.40
Downside support: 19.65 / 19.30

This article only represents the personal point of author, for reference only, not as a basis for the investment. Enter the market accordingly at your own risk.

27/Jan/2014 Gold & Silver Analyses

Gold:
Weaker than expected U.S. data and better than expected Eurozone data last week made Euro rally and USD plunge. Emerging markets suffered heavy selling last Friday, the U.S. three major indexes shar...ply declined, which boost gold safe-haven demand. MMI GROUP Trust Fund Team thinks gold broke the top edge of downward channel on Friday, but lack of upward strength. Currently can consider single participation above 1260.60, however due to the Fed's decision on Thursday, the fluctuation space is still restricted.

Upside resistance: 1279 / 1294.60 / 1326
Downside support: 1267.80 / 1260.60


Silver:
Silver is still in a narrow finishing, direction is unknown, we recommend on wait and observe. The Fed's interest rate decision may help market on Thursday.

Upside resistance: 20.30 / 20.50
Downside support: 19.65 / 19.30


This article only represents the personal point of author, for reference only, not as a basis for the investment. Enter the market accordingly at your own risk.

28/Jan/2014 Gold & Silver Analyses

Gold
The gold holdings of largest Gold ETFSPDR Gold Trust by January 28 remained unchanged, to 790.46 tons. U.S. December services PMI released on Monday rose to new highs in four months. The expectation ...on further reducing QE after Fed’s meeting this week is rising, and many positions holders chose to leave before Fed’s meeting, which resulted the precious metals prices go downward. MMI GROUP Trust Fund Team thinks gold corrected after soaring yesterday, today can consider participate in many light warehouse low order. If effectively break under 1252 then wait and see, join in after determining the direction.
Upside resistance: 1265.90 / 1278.90
Downside support: 1254.60 / 1244.30


Silver:
The silver holdings of largest global silver ETFiShares Silver until January 28 remained unchanged, to 10029.22 tons. Silver slightly callbacked today after fall yesterday, the direction is not strong, recommend wait and observe.
Upside resistance: 19.90 / 20.10
Downside support: 19.70 / 19.30


This article only represents the personal point of author, for reference only, not as a basis for the investment. Enter the market accordingly at your own risk.

31/Jan/2014 Gold & Silver Analyses

Gold
The Fed announced to cut $10 billion on its monthly bond buying to $65 billion on Wednesday, 29 Jan, which is continuing to gradually withdraw as planned from the unprecedented easing implemented by... outgoing Bernanke in his term. And data before showed the world's largest economy grows steadily in the fourth quarter, which activates the attraction of greenback. Yet gold was suppressed and sharply dropped. MMI GROUP Trust Fund Team thinks currently gold is still running in the downward trend, and have an indication breaking the uplink callback before. Now it is suitable to empty participate in high level.
Upside resistance: 1246 / 1251
Downside support: 1238 / 1231.60


Silver:
Silver are clear at a downward shock after last week. Investors can consider empty build at high intraday, and it is likely to hit the lower edge of box shock.
Upside resistance: 19.50 / 19.80
Downside support: 19 / 18.40


This article only represents the personal point of author, for reference only, not as a basis for the investment. Enter the market accordingly at your own risk.

03/Feb/2014 Gold & Silver Analyses

Gold:
The Federal Reserve reduced $10 billion on its monthly bond buying on schedule last week, which made the exchange rate of greenback raised overall, but Precious Metals shocked weaker. The U.S. non-a...griculture payrolls data in January will come with multinational banks’ resolution hand in hand this week, which forms the key challenges to gold price. MMI GROUP Trust Fund Team thinks gold fell back quickly after soared last Friday, embodying the determination of short. Currently gold is in narrow finishing at low sideways, intraday is still dominated by high building empty. The downward trend is completed.
Upside resistance: 1246 / 1255 / 1262
Downside support: 1238 / 1231.60


Silver:
The volatility of silver recently is less, still moving in the box body at present, might test 18.40 line.
Upside resistance: 19.50 / 20
Downside support: 19 / 18.40


This article only represents the personal point of author, for reference only, not as a basis for the investment. Enter the market accordingly at your own risk.

05/Feb/2014 Gold & Silver Analyses

Gold
News yesterday showed that U.S. factory orders in December was stroke by cold wave continually, but it is still higher than market expectations with 1.5% decline. Two Fed officials with different pol...icy stance, Evans and Lacker, are all in support of shrinking QE, but have differences on interest rate. Yesterday the stock market rebounded which suppressed gold, meanwhile, the Asian market was still quiet as Asian countries are still in holiday and gold fell slightly. MMI GROUP Trust Fund Team thinks gold is shocking at the top edge of downlink channel currently, the downward trend didn’t go bad. If effectively breakthrough the top edge of channel, the trend may continue to rise.
Upside resistance: 1255.40 / 1266.40
Downside support: 1252.60 / 1238 / 1231.60


Silver:
Silver is still shocking in the box, which still dominated by high building empty. If effectively upward break 20.50 line, the possibility of further upward will appear.
Upside resistance: 19.65 / 20
Downside support: 19.45 / 19.20


This article only represents the personal point of author, for reference only, not as a basis for the investment. Enter the market accordingly at your own risk.

06/Feb/2014 Gold & Silver Analyses

Gold

Federal Reserve may quit QE in the pace of $10 billion cutting continually in the future policy meeting, unless the financial situations shows a significant deviation from the expectation. The intere

st rate decision of BOE, resolution of ECB and Press Conference of Mario Draghi will come out today. MMI GROUP Trust Fund Team thinks gold is settling in shrinking trend, and may wait for the further direction guided by U.S. non-farm tomorrow.
Upside resistance: 1274.50 / 1294.40
Downside support: 1247.30 / 1238.50 / 1231.60

Silver:
The data mixed yesterday, and the bad data made silver rose sharply, but still no directivity. Participate cautiously before non-agricultural.
Upside resistance: 20 / 20.30
Downside support: 19.70 / 19.20

This article only represents the personal point of author, for reference only, not as a basis for the investment. Enter the market accordingly at your own risk.

07/Feb/2014 Gold & Silver Analyses

Gold
Yesterday, US stocks rallied and gold descended. The upside going of EUR/USD restricted the downward range of gold. Markets will focus on the performance of non-farm tonight, but the optimistic show ...will warm the concern on shrinking QE further by Fed. The measures on QE provide support to gold in recent years. It is possible that the gold price continues to fall, while Fed will keep cutting QE by the end of the year. MMI GROUP Trust Fund Team thinks the downward of gold caused by rising of U.S. stocks yesterday, was nearly recovered today. Currently gold is moving within a contracting triangle, non-farm data tonight may point a direction for market quotation.
Upside resistance: 1267 / 1278.90 / 1294.40
Downside support: 1252.30 / 1238.10


Silver:
ADP report released today is lower than market expectation, the fluctuation of employment population was the smallest since August. Poor data makes dollar under pressure, but silver rose by this good news.
Upside resistance: 20.30 / 20.50
Downside support: 19.78 / 19.20


This article only represents the personal point of author, for reference only, not as a basis for the investment. Enter the market accordingly at your own risk.

10/Feb/2014 Gold & Silver Analyses

Gold
The current net position of Gold ETF on 10, February 2014 is 25626058.06 ounces, increase or decrease by 0. The poor non-farm payrolls data in January released on Friday suppressed USDX, making Preci...ous Metal slightly higher. The data of U.S. Department of Labor on Friday (7 February) indicated U.S. non-farm payrolls added 113,000 in January, which the expected growth was 185,000 and non-farm payrolls were revised upward to grow 75,000.The U.S. unemployment rate in January was 6.6%, which was expected to 6.7%.MMI GROUP Trust Fund Team thinks if gold can effectively break through 1278.90, a significant rising may appear, otherwise short will continue.
Upside resistance: 1278.90 / 1294.40
Downside support: 1265 / 1256.20


Silver:
Despite the recent reaction of silver on market is better than gold, but the strength of silver head is still obvious, the downward trend did not go bad. Markets are still dominated by short thinking.
Upside resistance: 20.30 / 20.50
Downside support: 19.75 / 19.00


This article only represents the personal point of author, for reference only, not as a basis for the investment. Enter the market accordingly at your own risk.

14/Feb/2014 Gold & Silver Analyses

Gold
Disappointing U.S. retail sales data released in U.S. market suppressed the Dollar Index, while gold rose beneficially. Yellen published "Dovish" testimony in Congress, the U.S. important economic da...ta such as non-farm payrolls were weak, and the growth of Chinese Gold Consumption outstripped expectations, which all support the strengthening of gold price. MMI GROUP Trust Fund Team thinks technically gold can be in long thinking at present. There is a demand on callback intraday, investors can single participate in low. If effectively breaks 1309.30 line, it will test 1323 line.
Upside resistance: 1309.30 / 1323
Downside support: 1276 / 1265.40


Silver:
The Dollar Index slumped overnight, silver gained strongly. Currently silver was out of the curved bottom, broke the top edge of the box, which showed the upside trend but uncertain. If effectively breaks 20.90 line, it will reach 21.70 line again.
Upside resistance: 20.90 / 21.70
Downside support: 20.50 / 20.20


This article only represents the personal point of author, for reference only, not as a basis for the investment. Enter the market accordingly at your own risk.

18/Feb/2014 Gold & Silver Analyses

Gold
Gold gained strongly last week, which hit the biggest weekly gain record since last August. An unexpected collapse of U.S. economic data triggered the passion of investors for Precious Metals again. The market was closed on U.S. President’s Day, but gold was benefited from the concern about the outlook for the United States. MMI GROUP Trust Fund Team technically thinks the upside trend of gold has strength on gold’s weekly line, it has the possibility of callback in market, but the upstream has limited space, better to participate in many at low.
Upside resistance: 1347.70 / 1361.90
Downside support: 1313.80 / 1284

Attached Image (click to enlarge)

Silver:
International spot price of silver appeared laggard play recently which was motivated by long-time rebounding of international spot price of gold. The report released by U.S. Commodity Futures Trading Commission on Friday (14, Feb) stated, that the net long position of silver held by speculators increased 5,646 Lot to net long position 12,634 Lot. Silver rose strongly last week, but still in the downward trend, should follow long cautiously.
Upside resistance: 22 / 22.50
Downside support: 21.50 / 20.70

Attached Image (click to enlarge)

This article only represents the personal point of author, for reference only, not as a basis for the investment. Enter the market accordingly at your own risk.

25/Feb/2014 Gold & Silver Analyses

Gold
Gold ETF data showed that the total positions of the world's biggest gold ETFs was 798.31 tons until 24 February 2014. Gold price rose as ETF bought the board, also another factor which supported gold price rising was U.S. stock slumping recently. Technically MMI GROUP Trust Fund Team thinks gold board at high, no downward momentum, still have space for up going.
Upside resistance: 1347.70 / 1361.90
Downside support: 1307.40 / 1278.90

Attached Image (click to enlarge)

Silver
The data of China and US are poor, silver rose, but in the top edge of large downward path, follow long at high with caution, participate after direction is clear.
Upside resistance: 22.30 / 23.10
Downside support: 21.30 / 20.90 / 19.80

Attached Image (click to enlarge)

This article only represents the personal point of author, for reference only, not as a basis for the investment. Enter the market accordingly at your own risk.

26/Feb/2014 Gold & Silver Analyses

Gold
Although U.S. House Prices Index was better than expected, the data still fell since last month. The recent Manufacturing Indexes of local Feds were significantly worse than expected. No matter whether it was affected by the weather factors, it is a fact that the current situation of the manufacturing industry is weak. All factors boosted the international gold buying. Technically MMI GROUP Trust Fund Team thinks gold refreshes the new high in four months, ended positively for five consecutive trading days. If stabilizing from 1332, it could test 1352.40 line or higher.
Upside resistance: 1352.40 / 1361.90
Downside support: 1332 / 1326 / 1318.70 / 1307.30

Attached Image (click to enlarge)

Silver
Richmond Manufacturing Index, Consumer Confidence Index of Conference Board, and Service-Sector Activity Index of the Dallas Fed released yesterday, were all far worse than expected, which continuing the declining tendency of the recent U.S. data. Silver is consolidating at high.
Upside resistance: 22.30 / 23.10
Downside support: 21.30 / 20.60 / 19.80

Attached Image (click to enlarge)

This article only represents the personal point of author, for reference only, not as a basis for the investment. Enter the market accordingly at your own risk.