Happy and Wealthy new Year to all Followers....
Gold
I will cover all my Buy Positions in Gold at 25115.....And Look to Short again for TGT near 24700 where I will look to Go long...( Comex near $1050.30)....But daily closing/opening above 25150 will make Gold more bullish for much upside targets...
I will book 3/4 th of my buy positions in Silver at 33450.....Below 33000, Silver may drop till 32600 again.....I will keep SL 33000 for Silver for all my buy positions, If it hits then I will sell for target near 32620....
But I am still bullish on Gold and Silver.....It can bounce back heavily any time so will keep trailing SL on my short positions to protect my profit....
Base Metals...
Base metals are still Bullish and some retracement can be seen in between....I will add more buy on dips with trailing SL to protect my buy positions taken earlier....Lead may see 113 levels again...
Crude and NG
Crude though showing intent of bounce back but failing to stay above 2500....If Crude break 2300 again then downside target near 1800 but If stay above 2512 then upside targets can be seen 2600, 2800, 2900+
NG now below 161 can retrace till 143-134 levels....where we may see some buying coming up for targets 165-175....NG in near future can see 190-220-290 as long term targets if stay above 130.....I have some long term positions for which I will keep trailing SL at 130 ( Bought at 115....rest all I have booked at 159 and will add more at 143 and 134)...
Gold
I will cover all my Buy Positions in Gold at 25115.....And Look to Short again for TGT near 24700 where I will look to Go long...( Comex near $1050.30)....But daily closing/opening above 25150 will make Gold more bullish for much upside targets...
I will book 3/4 th of my buy positions in Silver at 33450.....Below 33000, Silver may drop till 32600 again.....I will keep SL 33000 for Silver for all my buy positions, If it hits then I will sell for target near 32620....
But I am still bullish on Gold and Silver.....It can bounce back heavily any time so will keep trailing SL on my short positions to protect my profit....
Base Metals...
Base metals are still Bullish and some retracement can be seen in between....I will add more buy on dips with trailing SL to protect my buy positions taken earlier....Lead may see 113 levels again...
Crude and NG
Crude though showing intent of bounce back but failing to stay above 2500....If Crude break 2300 again then downside target near 1800 but If stay above 2512 then upside targets can be seen 2600, 2800, 2900+
NG now below 161 can retrace till 143-134 levels....where we may see some buying coming up for targets 165-175....NG in near future can see 190-220-290 as long term targets if stay above 130.....I have some long term positions for which I will keep trailing SL at 130 ( Bought at 115....rest all I have booked at 159 and will add more at 143 and 134)...