hi friends this is first time that i am writing on commodity trading i have been following gold and crude i am sharing my views so hope you like it

the European markets have opened with deep red and seems like that there are new concerns on the banking sector which is keeping the markets down

downward bias in Europe mean that gold is going up but whatever move that had to come down from this opening has come and now the markets would wait for the ques from the american market

the futures are  pointing downwards but remember they are not good indicator  as they change very fast and are not a reliable indicator as to how the US markets are  going to open

if Europe slide further from here you can see a uptick on gold prices but remember gold is trading at around 28200  on the mcx gold has sided from the 283300 to 28400 level every time that it has gone there so unless and until there is major down slide i don't see prices going up much but if the US markets recover you can see gold going down fast

so basically its a shorting opportunity if gold reaches 28400 and thereabouts

well my first views on gold hope somebody finds it useful

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