There are 2 possibilities....
1... Gold and Silver may or may not ,pierce Friday's high and start falling...Gold then may fall till near 24200 levels where we can see again bounce back for 25000+ levels....
2.....Gold may trade above 25250 levels then upside TGT 25600+ or may be more....
I am looking forward to see possibility 2 to take place....I will buy above 24900 on dips with trailing sl 24810 TGT 26630-26650.....If 24810 is hit then I will reverse my positions on selling side....
Similarly With Silver with trailing SL below 33800 I will keep buying till TGT 37500-37650
I have some buying positions in Gold with SL below 24400 and Silver with SL below 32600....If I get weekly closing below this SL then I will reverse my position ....
Base metals are then expected to fall if don't sustain above friday's high....a little upside can be seen though....example...Lead if sustain above 113 -114 then it can go till 122-123-127+ ( Long term Target 143+-155 and if cross 156 then 175) otherwise the target will be around 99 down
Crude lower TGT is still pending ...I am expecting Bounce back from levels 2250-2213....I will wait for some buying levels in Crude and NG
1... Gold and Silver may or may not ,pierce Friday's high and start falling...Gold then may fall till near 24200 levels where we can see again bounce back for 25000+ levels....
2.....Gold may trade above 25250 levels then upside TGT 25600+ or may be more....
I am looking forward to see possibility 2 to take place....I will buy above 24900 on dips with trailing sl 24810 TGT 26630-26650.....If 24810 is hit then I will reverse my positions on selling side....
Similarly With Silver with trailing SL below 33800 I will keep buying till TGT 37500-37650
I have some buying positions in Gold with SL below 24400 and Silver with SL below 32600....If I get weekly closing below this SL then I will reverse my position ....
Base metals are then expected to fall if don't sustain above friday's high....a little upside can be seen though....example...Lead if sustain above 113 -114 then it can go till 122-123-127+ ( Long term Target 143+-155 and if cross 156 then 175) otherwise the target will be around 99 down
Crude lower TGT is still pending ...I am expecting Bounce back from levels 2250-2213....I will wait for some buying levels in Crude and NG