Gold Dec contract
Gold now still looking bearish for TGT near 26200....
Gold may bounce back till 26900+ levels and then again might drop for final bottom ....Near 26200
Then It will give a nasty bounce back for 27000+ levels ( I am still of view that Gold will eventually will go till 28000+)
But Now Gold seems to be in consolidation phase for much higher TGT in 2016....
Till Dec 2015 end we will see only Sell on rise and Buy on dips ....No major moment is expected till Dec 2015 end...
I will play it to sell on rise and buy on dips....TGT 28000 in 2016 only.....
Small Traders should keep on side lines or keep booking small profits .....Positional traders may opt for buy on dips ....But waiting time is till next year 1st quarter.....
BASE METALS AND CRUDE IS EXPECTED TO FOLLOW GOLD MOMENTS...
OVERALL TILL DECEMBER END SMALL TRADERS MAY ENJOY HOLIDAY RATHER THAN RISKING THEIR HARD EARNED MONEY
Gold now still looking bearish for TGT near 26200....
Gold may bounce back till 26900+ levels and then again might drop for final bottom ....Near 26200
Then It will give a nasty bounce back for 27000+ levels ( I am still of view that Gold will eventually will go till 28000+)
But Now Gold seems to be in consolidation phase for much higher TGT in 2016....
Till Dec 2015 end we will see only Sell on rise and Buy on dips ....No major moment is expected till Dec 2015 end...
I will play it to sell on rise and buy on dips....TGT 28000 in 2016 only.....
Small Traders should keep on side lines or keep booking small profits .....Positional traders may opt for buy on dips ....But waiting time is till next year 1st quarter.....
BASE METALS AND CRUDE IS EXPECTED TO FOLLOW GOLD MOMENTS...
OVERALL TILL DECEMBER END SMALL TRADERS MAY ENJOY HOLIDAY RATHER THAN RISKING THEIR HARD EARNED MONEY