Anirudh Sethi Report

Last close $ 1231.40

So above $1218….Enjoying rally ??

From all time high of $1166 it crashed to $1156 and now moving up up and up !!

What to expect from this level ?

$1237 & 1244 are Last Hurdles.

Once crosses and closes above $1244 for 3 consecutive days…………will take to NEW High $1266-1273 level.

Rising Channel indicates price level of $ 1310-1320

But Investors (Not Traders ) can offload and Book Profit between 1250-1270 level

Just waiting for one more confirmation on chart if selling starts from these 1250 level then it will be a severe fall.

Indian Traders (MCX )….If u need levels of GOLD ,SIlVER or Base Metals …Join us and get Daily Password to access the Blog and always any time u can talk to me.

Technically Yours

Yesterday after hitting a low of $ 73.83 closed at 75.42 level.

Weekly chart showing more weakness in coming days.

On Daily chart support area at $ 73

If breaks and closes below this level will see crack upto $ 71-69 level !!

Not breaking $73 may take Crude to $76.50-77 level.

(Minor Corrective rally on card )………MCX Traders ……What u will do ??

Updated at 6:50/19th August/BARODA/INDIA

Last close $ 1198

Already written in my last protected post that $ 1218 is Major Hurdle.Crossover and close above this level for Two consecutive days then only will show another round of rally.

-Support exist at $1196 level-

Once closes below this level then watch panic selling upto $1185-1182 level.

Think to make Long postion above $1218 level.

I will Update about MCX -GOLD to our Subscribers

Updated at 6:25/11th August/Baroda

Yesterday’close : $ 1238.60

Thre Consecutive close below $1235 level will create panic selling.

It will slide upto 1216-1210

Hurdle $ 1265-1270 range

Short Term Looking Tired.

MCX Traders ,Watch 18500 level.Decisive break below this level then only panic will start.I will update more to our Subscribers.

Updated at 13:02/29th June/Baroda

Yesterday ,I had updated about Silver and as expected its bleeding and those who trade in Base METALS….Just see with your naked eyes…all in freefall mode.

COMEX GOLD :

Now ,While updating its trading at $ 1207 level.

Traders ,Just watch $ 1199-1195 levels very closely.

-These are two crucial support and in this fall may slide upto these levels.

-Once breaks and closes below $1195 level for two days it will crack upto $1183-1179 level.

Now trading at 18410 level.

Watch 18388 level.Break will create panic upto 18331 level.

Now ,Who will save Gold ….If breaks and closes below 18331 level ?

I think ,Nonstop slide upto 18159-18102 on card.

101% ,Iam Bearish in GOLD & SILVER at these levels.

101% Iam Bearish in BASE Metals from Last 6 months and still Bearish…Big crack will continue…..!!

101% ,Iam Bearish in Crude :My Target intact $ 55,Have Patience.

101% ,Buy Buy Buy USD /USD Dollar Index :Very soon will kiss 90.50-91 level.

Search Blog and see from what levels ,Iam Bearish in Base METALS and Bullish in USD.

Basically ,Now every 2nd person had become Technical Analyst -When I started writing about Technical Analysis in year 1997.I think only 4-5 persons in India were knowing this art.And now everybody knows everything…they talk about levels ,trends ..do bla bla and end result is BIG ZERO !!!

-101% Traders and Joker Analysts are wasting their precious time of life from morning 7 till late  night ….!!

This Dialouge is dedicated to all Traders & Analysts….

Technically Yours

Anirudh Sethi /Baroda

Updated at 22:52/3rd June/Baroda

GOLD -COMEX :

Yesterday closed at $1198.

Now from the high of $ 1250 it crashed to 1166 level.Again moving up.

Just watch $ 1208-1213 level.Yes these will act as Hurdles for Traders.

Crossover /Close above $1213 will take to 1229,1234 level.

GOLD-MCX :

Moving up up & Up only….

No limit or sky is limit ???

*Above 18440,Don’t remain short.

* It will rally upto 18880——19026 level.

*Rising Wedge indicates it may rally upto 19400-19500 level too.

Rise in India for Gold prices is due to weakness of INR…Nothing else.

*From 28th May onward ,I see one side move !!

Above 28822 level ,Dont remain short.

It will rally upto 29188—29310 level.

Watch another explosion above 29310 level.

Will update more to our Subscribers.

Updated at 12:48/26th May/Baroda

Last close $ 1227.80.

Short Term Traders ,Just watch $ 1221 level.

-Trade and close below this level will take to 1204-1198 level in panic.

-Chanes are very bright before crossing $1250 level it may tumble to 1181-1175 level in panic.

Short Term Traders ,Just have a eye on 18440 level.

If crosses or closes above this level then only fire work.

-Three Consecutive close above 18440 will take to 18880-19026( Chances very remote)

-So Best Strategy ,Keep a stop of 18440.Go short in Smll qty.

I will update more to our Subscribers !!

Updated at 19/13/15th May/Baroda/India

-Yesterday made New High !!

-Just see Above chart and look at Inverse Head & Shoulder formation on chart.Breakout point was at $1134 level.Height of Head was $ 85.

Target was $ 1122 level.

Now already crossed all time high and closed at $1132.70.Now ,What to expect ?

Just watch $1237 level very carefully.

Three Consecutive close above $1237 will take to 1271-1282 level.

Yes ,it had moved very fast.Levels had been achieved.But still be cautious at Higher levels.

*Rising Wedge in Monthly chart indicates :Bad NEWS for GOLD will be out ,Trade with levels only.Dont get emotional.Next crisis in the Financial World will be due to Gold only.

-Whole India is Short in Gold !!

Daily getting 50 calls and receving more then 200 e-mails about Gold ka dyan !!

Major Hurdles :18294—–18440.

Three Consecutive close above 18440+ Weekly close will take to 18880—19026.

99.99% chances are very remote that in India it will make NEW High in this rally.

Thirsty Traders ,Those who trade blindly and without having any Sense ,target ,strategy…for them I will just say :Yesterday it made high of 18040.Now U have to see USD movement +See COMEX Gold movement +U have to see Rupee movement.

-Forget Indian Demand of Gold…Bla Bla…..!!

-Your Stoploss for Trading wil be 18440 level.So from yesterday high take a Risk of Rs.400 & make strategy.

-Not Today ,From last 5-7 yrs ,Iam writing and saying….its useless that Government had allowed trading in Base Metals ,Crude ,Natural Gas and Precious Metals.When everything is been handled by US Market then what is the sense that these should be traded in Indian Market !!

-Indian Traders are looking Inventory for Crude/Natural Gas and trading.In Stock Market 90% traders lose money….But in Commodity (MCX )100% Traders are losers..and losing everyday.

I will update more about GOLD ,Silver ,Base Metals in next 2-3 days.

Updated at 7:20/12th May/Baroda

In my last post on 28th April ,I had written Gold heading towards $1180-1191 level.

Click here to see with naked eyes.

Yesterday kissed 1192.10 ,just see left hand side -Daily chart.

Now ,What to expect ?

Once breaks $ 1171 level and trades below this level will take to 1158-1154 level.

-Don’t jump & Buy.

-Yes ,Avoid long position in Precious/Base/Crude.

I will update more to our Subscribers.

Updated at 6:17/5th May/Baroda