Gold & Silver Analyses - MMI GROUP

3/Mar/2014 Gold & Silver Analyses

Gold
Reuters of New York/London reported that the gold price fell after rise on Friday as U.S. Stocks rose. However, with posting its biggest one-month rise since last July in February, the safe-haven appeal of gold was boost by the continued concerns on U.S. economic growth slowing. Technically MMI GROUP Trust Fund Team thinks the upward trend of gold is in good condition, a narrow oscillation may occur. If can effectively break 1345.40 line, it will test 1361.90 line again.
Upside resistance: 1345.40 / 1361.90
Downside support: 1330.70 / 1307.40

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Silver
Ministry of Trade of India stated that the trade deficit narrowed in January, as the imports of gold and silver dropped 77% from a year earlier, the tensions in Ukraine is escalating, silver is expected to go higher by the influence of political turmoil. MMI GROUP Trust Fund Team thinks silver may synchronize with gold though, the market trend didn’t go upward obviously on weekly line.
Upside resistance: 21.50 / 22.20
Downside support: 21 / 20.60

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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.

5/Mar/2014 Gold & Silver Analyses

Gold
The attitude of Russia to Ukraine suddenly became weaker, which suppressed the precious metal. The uncertainty caused by coming non-farm makes the bull obtain profits. Technically MMI GROUP Trust Fund Team thinks gold is blocked to correction at the top edge of the uplink channel, may show finishing market. Currently it is not suitable to follow the bulls at high.
Upside resistance: 1341.25 / 1351.40
Downside support: 1331.30 / 1322.30 / 1307.40

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Silver
USD has strengthened, which weighed silver to go down. Currently silver is still in the downward trend, still focus on short thinking under 22.20.
Upside resistance: 21.70 / 22.20 / 23.10
Downside support: 21 / 20.60

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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.

24/Mar/2014 Gold & Silver Analyses

Gold
The Minneapolis Fed President Narayana Kocherlakota denounced Yellen’s new prospective guidance, which will increases the uncertainty of Fed's policy, or stifle economic activity. He said, "the Fed supposed to promise, as long as the inflation and financial stability risk are under control, to keep interest rates near zero, until the U.S. unemployment rate decreases under 5.5%." The dollar index rose sharply, but Precious Metals went downward to different extents by its influence.
Technically MMI GROUP Trust Fund Teams considers the short-term upward trend of gold was broken, investors should focus on 1307.30 intraday, if effectively break, may test 1265 again.
Upward resistance: 1342.40 / 1367.90 / 1392.20
Downward support: 1320.90 / 1307.40 / 1265

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Silver:
Silver went back to the top edge of the early adjustment platforms, dominated by short thinking intraday, and may test 19.30 again.
Upward resistance: 20.30 / 20.60
Downward support: 20.10 / 19.70 / 19.30

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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/Mar/2014 Gold & Silver Analyses

Gold
Dollar index fell on Monday (24 March). The weak U.S. manufacturing data released before disrupted the strong data released by U.S., which will consolidate the expectation that the Fed will tighten its monetary stimulus. The French Societe Generale bank and relevant institutions recently released the expectation of the dropping of gold price below $1200, prompting investors continue to sell gold.
Technically MMI GROUP Trust Fund Team thinks the short-term downward trend of gold is complete, investors shall operate with short thinking in the downward channel. If breaks up the downlink channel, it may again test recent high, otherwise may test 1278.90.
Upward resistance: 1320.90 / 1342.50
Downward support: 1307.40 / 1278.90 / 1265

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Silver:
The downward trend of silver is full, there is still room for further declines.
Upward resistance: 20.30 / 20.60
Downward support: 19.70 / 19.30

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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.

1/April/2014 Gold & Silver Analyses

Gold
The Federal Reserve Chairman Yellen said yesterday, the U.S. economy still needs an unconventional support "for a period of time"; meanwhile, she reiterated that the Fed treats the inflation target of 2% very seriously. The reconciling CPI of the Euro Zone lowers further, and the good expectation on non-agricultural data on Friday (April 4), which all weigh the price of gold.
Technically MMI GROUP Trust Fund Team thinks gold is in the wide consolidation area of the big downward trend, which the small level downward trend is complete. Currently with the support of the early adjustment platform, if can effectively break 1277.60 line, may test 1265 line, otherwise may test 1342.50 again.
Upward Resistance: 1307.40 / 1342.50
Downward Support: 1277.60 / 1265 / 1238.10

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Silver
The recent U.S. economic data released continues to strengthen, which makes the expectation of further reducing QE by the Fed and raising interest rate earlier rise. Precious metals was frustrated, however, the Dallas Fed manufacturing data of U.S. in March released in the intraday was good, which boosting the demand on silver industry, the decline of silver was limited. Technically silver was pull back to the early adjustment area at present, the downward trend is complete. The dominated thinking still is empty at high.
Upward Resistance: 20.10 / 20.60
Downward Support: 19.60 / 19

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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.

3/April/2014 Gold & Silver Analyses

Gold
U.S. stock market and US dollar were both stronger boosted by US data and influenced by the Euro's decline. However, gold was not affected, rising with US dollar.
Technically MMI GROUP Trust Fund Team thinks gold was supported by the early adjustment platform, and entered into narrow adjustment. Currently may again test 1342.50 line, if be adjusted and breaks down 1277.60 line, then may run to the previous low position.
Upward resistance: 1297.97 / 1316.40 / 1342.50
Downward support: 1277.60 / 1265 / 1238.10

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Silver
Silver went up following and influenced by gold yesterday, but today has pulled back part of gains, still went into a narrow finishing range. It is advisable to on the sidelines today.
Upward resistance: 20.60 / 21.20
Downward support: 19.60 / 19

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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.

4/April/2014 Gold & Silver Analyses

Gold
U.S. economic data, like U.S. Private Sector jobs report released on Wednesday is inspiring, and the and the upcoming non-farm has reduced the ability of hedge economic of gold.
Technically MMI GROUP Trust Fund Team thinks gold was supported by early adjustment platform, into narrow adjustment; focus on 1277.60 line, which is a watershed of recent long-short.
Upward resistance: 1298.60 / 1320.50 / 1342.50
Downward support: 1277.60 / 1265/ 1238.10

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Silver
The data released by Silver Trust on Friday (4 April) stated, the silver holdings of Silver Trust on Thursday (3 April) was 10228.97 tons, increase of 20.93 tons from the previous trading day; The total value of silver rose to about $6.521 billion ($6521206731).
Upward resistance: 20.15 / 20.60
Downward support: 19.50 / 19

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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/April/2014 Gold & Silver Analyses

Gold
Gold went higher in Asian market today, boosted by risk aversion by which Ukrainian mounting tensions.
The data of gold ETFs On April 14 stated that until April 11 last week, main gold ETF holdings was about 1311.16 tons, less 1.80 tons than the previous session.
Technically MMI GROUP Trust Fund Team thinks the big downward trend of gold is full, from weekly charts to see, it is still in wide body finishing market. Focus on 1342.50 line, if can break effectively, may test previous high point, otherwise a new round of downward will appear.
Upward Resistance: 1335 / 1342.50
Downward Support: 1314 / 1301 / 1295.60

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Silver
Silver Trust4 data released on 14 April showed that the Silver holdings of Silver Trust on 11 April was 10228.97 tons, unbiased with the previous trading day; The total value of Silver holdings on that day fell to about $6.606 billion.
Currently silver shocks narrow. May consider casting at high and sucking at low, but still in short thinking.
Upward Resistance: 20.60 / 21 / 21.80
Downward Support: 19.50 / 19

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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.

23/April/2014 Gold & Silver Analyses

Gold
The holding of SPDR Fund fell 3 tons to 792.14 tons on Monday, which erased all raise in this year. Ukraine Crisis failed to push gold buying and the market pessimism intensified.
The ETFs data monitored on 23 April stated that the holding of main ETF position of gold until 22 April was around 1298.88 tons, unchanged compared with the previous day.
Technically MMI GROUP Trust Fund Team thinks gold was blocked from their early low position, if can rise steadily, may test 1307 line. Otherwise will open further downward space.
Upward resistance: 1292.90 / 1307
Downward support: 1276.90 / 1265

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Silver
The data released on 23 April 23 stated that the holding of Silver Trust on 22 April was 10282.78 tons, unchanged compared with the previous day; the value of silver fell to about $6.448 billion.
Silver closed in a cross-star, if can break effectively 19.50, may have a further upward. Otherwise may test 19 line.
Upward resistance: 19.50 / 19.80
Downward support: 19 / 18.7

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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/April/2014 Gold & Silver Analyses

Gold
Global gold and silver surged stimulated by Russian military exercise news, the overnight two data shows the U.S. economic recovery is still modest, while traders expected on non-farm next week.
The data of gold ETFs monitored on April 25 showed that the holding of main gold ETF was about 1299.35 tons, increased 0.11 tons from the previous session.
Technically MMI GROUP Trust Fund Team thinks gold went downward and rebound quickly after hitting resistance yesterday, then in transverse disk at high. Currently may test the top edge of the downlink channel. Still dominated by empty thinking at high in downward channel.
Upward resistance: 1298.70 / 1307 / 1331.20
Downward support: 1292.40 / 1268.40

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Silver
the data of gold ETFs monitored in 25 April stated that the Silver holding of Silver Trust in 24 April were 10,164.74 tons, unchanged compared with the previous day; the total value of silver holdings fell to $6.299 billion.
Silver data affected yesterday, immediately pulled litre after the downward, and back to the shock area, may further go up and test 20 line.
Upward resistance: 19.90 / 20.40
Downward support: 19.20 / 18.70

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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.

29/April/2014 Gold & Silver Analyses

Gold
Overnight two major U.S. data showed good U.S. economy, the scene in Ukraine ceased habitually, which made the gold bulls lose the umbrella of geopolitical instability. Reducing EQ, raising interest rates, U.S. monetary policy made a lot of variety, which adds mystery to precious metals in super week.
Technically MMI GROUP Trust Fund Team thinks gold was blocked at the top edge of the downward channel, focus on 1287.70 line intraday. If cannot effectively break downward, then may test top edge of the channel again. If can effectively break 1306.50 line, then the upside potential will open.
Upward resistance: 1306.50 / 1331.20 / 1342.50
Downward support: 1287.70 / 1268.40

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Silver
The data released on April 29 showed the silver holdings of Silver Trust in 28 April was 10178.17 tons, less 104.61 tons compared to previous session. The silver hold total value of silver holding fell to about $6.411 billion.
Despite the U.S. housing market data and the prospect of manufacturing index continued to improve the U.S. economy, but silver responses flatly, still in narrow shock market.
Upward resistance: 19.90 / 20.40
Downward support: 19.20 / 18.70

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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.

30/April/2014 Gold & Silver Analyses

Gold
The confliction between Ukraine and Russia has been habitually ceased again, which making gold lose the support from the geopolitical instability. Overnight the consumer confidence index of Conference Board in April is lower than market expectations, which didn’t prompt buying to participate. Gold responded flatly and amplitude was limited.
Technically MMI GROUP Trust Fund Team thinks the downside trend of gold is full. The test on downlink channel yesterday had no result, which make gold currently enters into sideway. If effectively break 1301.50, then the upside demand will go further, otherwise the short will continue.
Upward resistance: 1301.50 / 1306.50 / 1331.20
Downward support: 1286.20 / 1268.40

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Silver
the data released in 30 April stated that the silver holding of Silver Trust in 29 April was 10178.17 tons, unchanged compared with the previous day; the total value of silver holding intraday reduced to about $6.323 billion.
Worldwide market universally expected that the U.S. data will continue be strong, and the uncertain situation of Ukraine did not cause too much impact, and the reaction was weaker than gold. Silver shocked in narrow. Investors should be careful.
Upward resistance: 19.70 / 20.30
Downward support: 19.20 / 18.70

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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/May/2014 Gold & Silver Analyses

Gold
Precious Metals are continuing to be supported by the weakening of USD Index, and usher a good rising atmosphere.
Technically MMI GROUP Trust Fund Team thinks gold upward breakouts the downlink channel in the short term, and stabilize at 1307, although the big downward trend has not gone badly, the dominant logic is building more at low in the short term.
Upward resistance: 1315.60 / 1331.20 / 1342.50
Downward support: 1307 / 1299.50 / 1277.60

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Silver
Data released on 7 May indicated that the silver holding of Silver Trust on 6 May is 10320.26 tons, increased 10.59 from the previous session; the total value of silver holding rose to about $6.516 billion.
The overall silver performance is weaker than gold, currently is still in volatile situation. The large downward trend is full, better to build empty at high. If can effectively break 20.40, the long may appear.
Upward resistance: 19.90 / 20.40
Downward support: 19.50 / 18.70

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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/July/2014 Gold & Silver Analyses

gold
Ukraine and Russia's geopolitical situation is expected to affect the precious metals market again; the gold market strong wait-and-see mood is thicker.
On Monday (July 21, according to data from the Gold ETFs as of last Friday, July 18, Gold ETF - SPDR Gold Trust, Gold holdings of about 805.14 tons or 25885929.61 ounces, 1.80 tons of increase from the previous session.
Technical MMI GROUP trust team think the completely downward trend of whole gold, between 1292 and 1345.20 currently do wide horizontal finishing. Effective on 1324.80 May test 1345.20. And effective under 1340.50 a first line may be even lower test 1292.
Upward resistance: 1324.80, 1339.50, 1345.20,
Downward support: 1304.50, 1304.50, 1268.40

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Silver:
Silver Trust on Monday (July 21), according to data released on Friday, Silver Trust (July 18) Silver holdings of 10038.52 tons, compared with the previous unchanged; the silver holds a total value of $6.757 billion. Silver has a weak performance; the current situation is still tight trading range, effective on 22.20, could test a first line of 25.10,
Upward resistance: 22.20, 25.10,
Downward support: 20.50, 20, 18.70

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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.

22/07/2014 Gold and Silver Analysis
MMI GROUP
Gold
Thin gold due to the economic data and geopolitical crisis news such as good or bad ends meet there are not big changes on the pattern.
Gold ETFs data shows that up to July 21, main gold ETF holdings of gold holdings was about 1312.24 tons, 1.81 tons less than the previous session.
Technology on MMI GROUP trust team think the shrinkage triangular pattern in gold, narrow oscillation of yesterday, today still forecast oscillations in the market, if effectively break up 1316.20, may be further upward, test 1333.80. Whereas the down through 1308.30, below the support at 1304.50 or lower.
Upward resistance: 1316.20, 1324.80, 1333.80, 1339.50,
Downward support: 1308.30, 1304.50, 1292, 1268.40


Silver:
Silver Trust, according to data released on 22 July, on 21 July, Silver holdings 10038.52 tons, compared with the previous was unchanged; the silver holdings worth fell to $6.753 billion.
Silver similar to gold, but the fluctuation range was narrowed, Suggestions on the wait and see.
Upward resistance: 21, 2130, 21.50, 22.20,
Downward support: 20.80, 20.50, 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.

23/07/2014 Gold and silver analysis
MMI GROUP
gold
US inflation data from the previous value fell of the overnight, but largely in line with market expectations, yesterday gold appeared two rapid fluctuations, amplitude is limited, date line is still no directional point.
According to data from the monitoring of Gold ETFs On July 23, until July 22 Gold ETF - SPDR Gold Trust of Gold holdings is about 804.84 tons or 25876305.86 ounces, 1.50 tons of increase from the previous session.
Technology on MMI GROUP trust team think the golden triangle break contraction along yesterday, today it may consider high empty, such as break up 1313.80 on broken line, can light warehouse more than single participation.
The upward resistance: 1310.40, 1313.80, 1318.40, 1324.80,
The downward support: 1298.80, 1298.80, 1268.40

Silver:
Silver hit a short-term downlink channel along the back on yesterday, if it is not break up on the broken line, 21.10 is given priority to with short thinking, can be further downside test 20.60.
The upward resistance: 21.10, 21.30, 21.60,
The downward support: 21.60, 20.60, 20.30,

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.

24/07/2014 Gold and silver analysis
MMI GROUP
gold

In early trading, the dollar index continued to rise at a rapid rate, European markets overnight rise generally, while the dow Jones fell, the geopolitical no big news, gold lost the main driver force of rose, While U.S. stocks to an all-time high, a safe-haven demand fall in gold and silver prices.
According to data from the monitoring of Gold ETFs On24 July, until 23 July Gold holding of Gold ETF Gold Trust is about 1314.34 tons, 0.6 tons of increase from the previous session.
Technical MMI GROUP trust team think the gold from the downward trend since the 17 July to complete, has the potential to further test the 1292 line, if it break down, then it will open further downside.
The upward resistance: 1302, 1310.40, 1313.80,
The downward support: 1268.40, 1268.40, 1258.60


Silver:
On 24 July of Silver Trust, according to data released on 23 July of Silver Trust Silver holdings of 23, 9989.26 tons, compared with the previous unchanged; the silver holds a total value of $6.719 billion.
Silver break down to 21.10 yesterday, but stop at 21.10 above, the current oscillation morphology formation of enclosure, due to insufficient power direction is not obvious; so I suggest waiting and seeing.
The upward resistance: 21., 21.30, 21.60,
The Downward support: 20.60, 20.10,

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.

31/07/2014 Gold and Silver Analysis
MMI GROUP
Gold
Overnight U.S. GDP became super awesome, it attract the precious metals market volatility, but the fed's interest rate determination is bland, the market closed stability, long position still resisted to kinetic energy in the below, but lack of energy, today's focus on initial jobless claims in the United States, which will further confirms that the U.S. economy.
Gold ETFs on July 31, according to the monitoring data show that as of July 30 main gold ETF holdings of gold holdings of about 1311.34 tons, compared with the previous unchanged.
Technical MMI GROUP trust team think the gold thread oscillation downward trend with four hours, break down on first line of 1292.10 points to 1284 area, breaking down the region, may test the triangle weekly contraction along. Break up on first line of 1306.50, could test a line of 1323.40. it based on the thinking of shorts
The upward resistance: 1301.40, 1306.50, 1310.40, 1323.40,
The downward supporting: 1292.10, 1284, 1268.40, 1268.40


Silver:
Silver Trust7 31, according to data released Silver Trust7 30 Silver holdings of 10014.63 tons, compared with the previous unchanged; the silver holdings worth fell to $6.611 billion.
Last week, Silver has no breakthrough 21 line downward by 20.30 supporting, currently in 20.60 of first line. If it breaks up the first line of 20.70, it May test 21 again. Instead, it breaks down the first line of 20.30, it forward to 19.50.
The upward resistance: 20.70, 21, 21.30, 21.60,
The downward supporting: 20.50, 20.30, 19.50, 20.30

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.

6/8/2014 Gold and silver analysis
MMI GROUP
Gold

Strong U.S. data support the market's expectations of the rising fed interest rates in advance. Reaction is not strong of gold, and silver is affected by this apparent under pressure
According to data from the monitoring of Gold ETFs On 6 Aug, until 5 Aug, Gold holding of Gold ETF Gold Trust is about 1309.82 tons, compared with the previous unchanged.
Technology on MMI GROUP trust team think gold is the contraction of oscillation, if it effectively breaks up and goes up of the contraction along the triangular, it may again test the first line of 1324.80, on the other hand, it effectively break down and go down the contraction along the triangular, it will test the first line of 1268.40.
The upward resistance: 1297.40, 1312.30, 1324.80.
The downward support: 1280.20, 1268.40, 1258.60.

Silver:
Silver, according to data released Trust on 6 Aug, on 5 Aug, Silver Trust Silver holdings is 10010.25 tons, compared with the previous unchanged; the silver holdings worth fell to $6.501 billion.
Technology on MMI GROUP trust team think the silver out of a downward rally last week, now it touch along under short-term downlink channel, if can effectively break down, it may test the first line of 19.40, it give priority to with short thinking at present, it build shorts on the high position, if it effectively break up along the downlink channel, it may consider long engagement
The upward resistance: 20.30, 20.60, 21, 21.30.
The below support: 19.70, 19.40, 18.80.

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.

11/8/2014 MMI GROUP
Gold and silver analysis
MMI GROUP
Gold

Strong U.S. data support the market's expectations of the rising fed interest rates in advance. Reaction is not strong of gold, and silver is affected by this apparent under pressure
Last week, a U.S. airstrike Iraqi rebels to boost gold, but the effect has slowed, but Ukraine, and the Middle East geopolitical crisis warmed up,.

Gold ETFs on August 11, according to the monitoring data show that as of August 8, the Ishares Gold Trust Gold holdings is about 165.93 tons, compared with the previous unchanged.
Technical MMI GROUP trust team thinks the rose gold last week by political reasons to break through short-term downlink channel, but is not strong, is still in the region of the oscillation. It can be based on principles of cast high low suck for participation.

The upward resistance: 1324.80, 1333.80, 1345.20,
The downward support: 1302, 1287.30, 1280.20, 1287.30

Silver
According to data released on 11 August ,on 8 August Silver Trust holding is about 10101.29 tons, compared with the previous unchanged; The silver holds a total value rise to $6.537 billion.
Technology on MMI GROUP trust team thinks the silver has a short-term downlink channel intact, it has a weak performance that did not keep upside, it goes up and down after low consolidation, it still continue to possibility test of downward a line of 19.40.
The upward resistance: 20.30, 20.60, 21.,
The downward support: 19.75, 19.40, 18.80.

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.