Please read last week overview for down side targets
Bullion: Gold and Silver are at critical levels.....
Safe buy is above last week high ( If daily close above last week high)....
Gold:
As expected Gold has bounced back beyond expected level and sustaining at higher level....Gold is showing good positive momentum.... and intent to go much higher.....IS IT REVERSAL OF TREND ??? OR GOLD HAS TOPPED AND CONTINUE DOWN TREND??? STILL DON'T KNOW.....
Interesting levels to watch are 26115, 26345, 26600+, 27040+ ( if break 26122) ......and 25345, 25200, 25100....
Safe buy is above last week high ( If daily close above last week high)....
Silver:
Similar to Gold , silver is also showing positive intent....Interesting lvel to watch is 36990 ....above it silver may run for another 2000 or more points....
BASE METALS:
As expected copper and other base metals have shown positive movement....watch following levels for breakout / resistance....
Copper : 345+ .... 327
Zinc: 121+ ( 127+-131.50+)
Lead: 115+
Aluminium : 102.80
Crude:
Crude is showing support near 2700 area. Also there is big positive divergence in MACD and RSI to show upside movement any time....It might be big reversal......
Crude is weak only below 2700 ( If daily close is below 2750).....then sell crude....
Till then buy on dips above 2700 for initial tgt near 3200+....
Ng : Ng also remains buy on dips above 174 as stoploss....waiting for TGT 200+
Bullion: Gold and Silver are at critical levels.....
Safe buy is above last week high ( If daily close above last week high)....
Gold:
As expected Gold has bounced back beyond expected level and sustaining at higher level....Gold is showing good positive momentum.... and intent to go much higher.....IS IT REVERSAL OF TREND ??? OR GOLD HAS TOPPED AND CONTINUE DOWN TREND??? STILL DON'T KNOW.....
Interesting levels to watch are 26115, 26345, 26600+, 27040+ ( if break 26122) ......and 25345, 25200, 25100....
Safe buy is above last week high ( If daily close above last week high)....
Silver:
Similar to Gold , silver is also showing positive intent....Interesting lvel to watch is 36990 ....above it silver may run for another 2000 or more points....
BASE METALS:
As expected copper and other base metals have shown positive movement....watch following levels for breakout / resistance....
Copper : 345+ .... 327
Zinc: 121+ ( 127+-131.50+)
Lead: 115+
Aluminium : 102.80
Crude:
Crude is showing support near 2700 area. Also there is big positive divergence in MACD and RSI to show upside movement any time....It might be big reversal......
Crude is weak only below 2700 ( If daily close is below 2750).....then sell crude....
Till then buy on dips above 2700 for initial tgt near 3200+....
Ng : Ng also remains buy on dips above 174 as stoploss....waiting for TGT 200+