Gold : Long term Gold is still weak below 28500....but in between we may expect spikes in Gold and Silver....
Gold if break 26280 then max down will be 25800 during the month and may not sustain below 25800....watch 25800 on down side....
Gold remains buy on dips and sell the rally......Book quick profits and trade with strict SL / Trailing SL....
I have taken Positional buy for short term at 26351 with strict SL 26285 for TGT 27270, 27660, 28200+....Lets see what happens....
Gold may face difficulty to break 27040 level and may pull back from this level and try again to break it....but I feel soon it will break this level....
Base Metals:
Base metals view is also buy on dips for short term....Base metals are expected to move sideways as they have moved last week also.....wait for break out of last week range on either side.....I expect a break out on upside ......
Energy:
Crude and NG is expected to move sideways ( NG is trading sideways for last many days...) expecting a breakout of last week range on upside.....
Trade with strict / Trailing SL .......
Have a nice and profitable week ahead....
Gold if break 26280 then max down will be 25800 during the month and may not sustain below 25800....watch 25800 on down side....
Gold remains buy on dips and sell the rally......Book quick profits and trade with strict SL / Trailing SL....
I have taken Positional buy for short term at 26351 with strict SL 26285 for TGT 27270, 27660, 28200+....Lets see what happens....
Gold may face difficulty to break 27040 level and may pull back from this level and try again to break it....but I feel soon it will break this level....
Base Metals:
Base metals view is also buy on dips for short term....Base metals are expected to move sideways as they have moved last week also.....wait for break out of last week range on either side.....I expect a break out on upside ......
Energy:
Crude and NG is expected to move sideways ( NG is trading sideways for last many days...) expecting a breakout of last week range on upside.....
Trade with strict / Trailing SL .......
Have a nice and profitable week ahead....