This week is very crucial for direction in all commodities.....Specifically Friday.....All commodities may trade sideways and hint for the direction....
Though my Gold SL virtually hit on friday but Gold did not sustain below Thursday's low.....I am still buying gold on Dips for TGT 32780+ ( Comex TGT 1 - USD 1410 then with some retracement again TGT 2 - 1540+...)...
Gold may fall bit more but I am still not worried....I will keep adding buy positions in small lots.....
Crude : I am waiting for sell confirmation in Crude .....NG : I think may fall again if sustain below 202.....but still I am holding Long in NG with strict SL......
Zinc : I am holding long positions with Strict SL.....
All commodities I am putting strict SL during this week as we may see big volatility and SL being taken out....
Small traders should book quick profits or stay out for this week...
Though my Gold SL virtually hit on friday but Gold did not sustain below Thursday's low.....I am still buying gold on Dips for TGT 32780+ ( Comex TGT 1 - USD 1410 then with some retracement again TGT 2 - 1540+...)...
Gold may fall bit more but I am still not worried....I will keep adding buy positions in small lots.....
Crude : I am waiting for sell confirmation in Crude .....NG : I think may fall again if sustain below 202.....but still I am holding Long in NG with strict SL......
Zinc : I am holding long positions with Strict SL.....
All commodities I am putting strict SL during this week as we may see big volatility and SL being taken out....
Small traders should book quick profits or stay out for this week...