GOLD OUTRIGHT REPORT

8/27/2014
Price

CONTRACT

COMEX Gold Dec'14

COMEX Silver Sept`14

OPEN
HIGH
LOW
CLOSE
PCT CHANGE
VOLUME

1277.40
1291.90
1275.70
1285.20
0.61%
99244.00

19.33
19.66
19.31
19.39
0.32%
25012.00

OI

362471.00

166342.00

Gold
Support
Resistance
Camarilla Levels

H4
H3
L3
L4

ETF Changes

Gold

Silver

Gold SPDR

Silver Ishares

1287.43

19.45

1286.17

19.43

25627335
-0.37%

379012
Unch

1283.64

19.38

1282.37

19.36

Silver
Support
Resistance

1280**
1278***
1275.5*
1272**
1267***
1265**

1285**
1289**
1291.1***
1296*
1299.8***
1304.5*

19.39*
19.335***
19.28*
19.255***
19.22*
19.20**

19.445*
19.48**
19.58***
19.62*
19.655**
19.68***

1263.2.***

1307.1*

19.175***

19.71*

Key data to watch out For the Week

COMEX Gold Daily Chart

1450.00

US GDP (QoQ)
US Intial Jobless claims
Pending home sales
Eurozone CPI
Chicago PMI

1350.00

Key data for the Day: GfK German consumer climate

1250.00

Technical View On Gold

1150.00

View: Bearish to sideways

Technically Gold remains bearish by failing to break above the key resistance level 1292 levels which is 38.2%
retracement mark of the entire fall from 1321.8 to 1273.4 Levels. Expect the momentum to remain bearish.
On a move lower, Gold is expected to test 1267 levels with intermediate support near 1274 levels
To Summarize, Gold is expected to remain bearish to sideways and Test of lower levels towards 1267 is on cards as
long as it trades below 1292 levels.
Fundamental Key Themes
Ceasefire agreement reached between Israel and the Palestiniana.
Fall in Gold ETF's to Continue
Ukraine - Russia tensions to continue.
Equity Markets remain strong close to record Highs.

Apr

Jun

Jul

Aug

COMEX Silver Daily Chart

25.00

21.00

17.00
Apr

Copyright 2013 Futures First. All Rights Reserved.

May

May

Jun

Jul

Aug

Key Indicators

Open Interest

ETF Holdings
550000k

400k

150k

545000k

130k

540000k

380k
110k
360k

70k
50k
Jul 01

Jul 16

Gold Open Interest

Jul 31

Aug 15

Silver Open Interest

48400k
48200k
535000k
48000k

2050

2.7

2000

2.6

1950

2.5

1900

2.4

1850

2.3

1800
Jun/14

Jul/14

525000k
Jun 17

47800k
47600k
Jul 01

Aug/14

Copyright 2013 Futures First. All Rights Reserved.

1750
Apr/14

May/14

Jul 15

Silver ETF holdings

S&P 500 Futures

2.8

May/14

530000k

Source: Reuters

US 10 year Yield

2.2
Apr/14

48600k

90k

340k
320k
Jun 16

48800k

170k

420k

Jun/14

Jul/14

Jul 29

Aug 12

Gold SPDR Holdings

Source : Reuters

CRB Commodity Index

Aug/14

315
310
305
300
295
290
285
280
275
270
Apr/14

May/14

Jun/14

Jul/14

Aug/14