IT IS QUITE POSSIBLE THAT GOLD AND SILVER MAY NOT BREAK FRIDAY'S LOW......
SAFE TRADERS MAY BUY ABOVE FRIDAY'S HIGH.....ANOTHER UPSIDE RALLY IS ON ITS WAY....BUT STILL WATCHOUT FOLLOWING LEVELS TOO....
KEEP BUYING ON DIPS......WE WILL SEE NEW HIGH IN COMING WEEKS....
Gold :
Gold has retraced and tested 26380 levels on Friday and pull back from there till 26600 level.....Till gold is surviving below 26635-26640 level Gold below 26380 may pull back till near 26200-26080-25800-25600 levels....
Keep booking profits at these levels with TIGHT STOPLOSS ....use Trailing Stoploss......
Gold has a potential to again retest 25580-25600 levels.....Gold may bounce back from any of these levels.....or may continue its up run from present levels for TGT 27600+ levels
BUT keep a watch on 26640 level....if it is broken with volume then Gold can surge to 27200+ and more upside levels till 27600-27700.....
So wait for breakout either above 26640 or 26380......Gold may move sideways for some sessions between these levels before break out on either side.....
SMALL TRADERS SHOULD BOOK PROFITS AT REGULAR INTERVAL TILL GOLD CROSS 27100
SILVER:
Below 38200 Silver can test 37535 level again.....watch out 37535 level for either pull back or breakout with volume.....or may continue its up run from present levels for TGT 38380+- 39850+ levels
Breakout below these level can test 37060 and below this 36580 levels.....
Pullback from 37535 levels can take silver to new High around 39070 which is strong support....Silver may break this with volume to show 39700-41000 levels next week.....
TRADE WITH STRICT STOPLOSS........
I AM STILL BULLISH AND WILL WAIT FOR RIGHT LEVELS TO ENTER IN LONG POSITIONS....
SAFE TRADERS MAY BUY ABOVE FRIDAY'S HIGH.....ANOTHER UPSIDE RALLY IS ON ITS WAY....BUT STILL WATCHOUT FOLLOWING LEVELS TOO....
KEEP BUYING ON DIPS......WE WILL SEE NEW HIGH IN COMING WEEKS....
Gold :
Gold has retraced and tested 26380 levels on Friday and pull back from there till 26600 level.....Till gold is surviving below 26635-26640 level Gold below 26380 may pull back till near 26200-26080-25800-25600 levels....
Keep booking profits at these levels with TIGHT STOPLOSS ....use Trailing Stoploss......
Gold has a potential to again retest 25580-25600 levels.....Gold may bounce back from any of these levels.....or may continue its up run from present levels for TGT 27600+ levels
BUT keep a watch on 26640 level....if it is broken with volume then Gold can surge to 27200+ and more upside levels till 27600-27700.....
So wait for breakout either above 26640 or 26380......Gold may move sideways for some sessions between these levels before break out on either side.....
SMALL TRADERS SHOULD BOOK PROFITS AT REGULAR INTERVAL TILL GOLD CROSS 27100
SILVER:
Below 38200 Silver can test 37535 level again.....watch out 37535 level for either pull back or breakout with volume.....or may continue its up run from present levels for TGT 38380+- 39850+ levels
Breakout below these level can test 37060 and below this 36580 levels.....
Pullback from 37535 levels can take silver to new High around 39070 which is strong support....Silver may break this with volume to show 39700-41000 levels next week.....
TRADE WITH STRICT STOPLOSS........
I AM STILL BULLISH AND WILL WAIT FOR RIGHT LEVELS TO ENTER IN LONG POSITIONS....