Long term Investors : It is good levels to buy again....keep buying.....from 11.25PM onwards
Updated 8 Feb 2015
As mentioned earlier last week Gold and Silver had made a fall....but it has not recovered from the drop in last session as expected....so my view is still on selling side......
Long term investors : Those who have bought yesterday should quickly book their positions on monday morning....or keep SL at yesterday's low.....There is chance of continuation of up trend but I will wait till Monday closing.....capacity traders can keep buying on every dips for much upside targets as mentioned in my previous posts
There is a possibility of another drop coming in next week.......more depends on Monday closing though.....
If Friday's low is broken then......
Gold may drop till 26585-26450 and then if sustain below 26300 then 26024- 25750-25410 levels during next week or 2 weeks...
Silver may drop till 35800-35695 and if sustain below 35695 then may be 33810-33254.....
Base metals had shown nice up movement as expected but failed to achieve targets.....there will be drop in base metals too .....base metals also may drop and test previous lows.....
Small traders are advised to wait/stay away till Monday closing and then decide the trade......
However there is also a chance that all commodities will continue up trend but I will wait till monday closing.....capacity traders can keep buying on every dips for much upside targets as mentioned in my previous posts
Call for free advise....
Updated 8 Feb 2015
As mentioned earlier last week Gold and Silver had made a fall....but it has not recovered from the drop in last session as expected....so my view is still on selling side......
Long term investors : Those who have bought yesterday should quickly book their positions on monday morning....or keep SL at yesterday's low.....There is chance of continuation of up trend but I will wait till Monday closing.....capacity traders can keep buying on every dips for much upside targets as mentioned in my previous posts
There is a possibility of another drop coming in next week.......more depends on Monday closing though.....
If Friday's low is broken then......
Gold may drop till 26585-26450 and then if sustain below 26300 then 26024- 25750-25410 levels during next week or 2 weeks...
Silver may drop till 35800-35695 and if sustain below 35695 then may be 33810-33254.....
Base metals had shown nice up movement as expected but failed to achieve targets.....there will be drop in base metals too .....base metals also may drop and test previous lows.....
Small traders are advised to wait/stay away till Monday closing and then decide the trade......
However there is also a chance that all commodities will continue up trend but I will wait till monday closing.....capacity traders can keep buying on every dips for much upside targets as mentioned in my previous posts
Call for free advise....