Marry Christmas and Happy New year to all .....
All metals have shown small term down trend and now will soon find the bottom or might have already bottomed out....
On Monthly charts Gold, Silver and all base metals are showing bullish trend....but where they will find the bottom??
I have been trading intraday for last few weeks as my SL hit I sold and covered with small profits since I think Gold and Silver are bottoming out..... I still have some lots bought at 29100 and 29400....though they are in loss I can still manage those.....I have been trading Intraday to cover all those losses.....
As I told earlier I have been bullish on Precious metals and base metals but they have retraced more than expected ....I have started buying from 26700 and silver from 38600.....I am expecting big bounce back any time and break previous high for much higher targets....
Zinc is good buy between 168-174(TYPO ERROR 167-172) , Lead 137.80-139( 135-137)...Copper above 368(367) ....
I have started buying from friday....
Crude is showing negative divergence but in a very strong bullish moves took place to break 3450....I bout at 3450 since my SL (3450) hit and kept covering on daily basis....then Intraday trade to include various buy sell according to 15 min charts....I expect the fall in crude to begin any time.....BREAK OF 3480 ON DAILY CLOSING BASIS WILL CONFIRM THE FALL...
BUT FOR SURE I AM BULLISH IN GOLD/SILVER/BASE METALS/NG(ABOVE 255) AND BREARISH ON CRUDE.......
FOR POSITIONAL NOW ONWARDS I WILL BUY ON DIPS GOLD/SILVER/BASE METALS/NG( ON BREAK OF 255) AND SELL ON RISE CRUDE....CHEERS FOR NEW YEAR 2017.....
NIFTY....I HAVE SOLD AT 8900 AND WILL STILL KEEP IT TILL 1ST TGT 7500 .....then some profit booking and again I will find Selling levels for TGT 2 - 5500
All metals have shown small term down trend and now will soon find the bottom or might have already bottomed out....
On Monthly charts Gold, Silver and all base metals are showing bullish trend....but where they will find the bottom??
I have been trading intraday for last few weeks as my SL hit I sold and covered with small profits since I think Gold and Silver are bottoming out..... I still have some lots bought at 29100 and 29400....though they are in loss I can still manage those.....I have been trading Intraday to cover all those losses.....
As I told earlier I have been bullish on Precious metals and base metals but they have retraced more than expected ....I have started buying from 26700 and silver from 38600.....I am expecting big bounce back any time and break previous high for much higher targets....
Zinc is good buy between 168-174(TYPO ERROR 167-172) , Lead 137.80-139( 135-137)...Copper above 368(367) ....
I have started buying from friday....
Crude is showing negative divergence but in a very strong bullish moves took place to break 3450....I bout at 3450 since my SL (3450) hit and kept covering on daily basis....then Intraday trade to include various buy sell according to 15 min charts....I expect the fall in crude to begin any time.....BREAK OF 3480 ON DAILY CLOSING BASIS WILL CONFIRM THE FALL...
BUT FOR SURE I AM BULLISH IN GOLD/SILVER/BASE METALS/NG(ABOVE 255) AND BREARISH ON CRUDE.......
FOR POSITIONAL NOW ONWARDS I WILL BUY ON DIPS GOLD/SILVER/BASE METALS/NG( ON BREAK OF 255) AND SELL ON RISE CRUDE....CHEERS FOR NEW YEAR 2017.....
NIFTY....I HAVE SOLD AT 8900 AND WILL STILL KEEP IT TILL 1ST TGT 7500 .....then some profit booking and again I will find Selling levels for TGT 2 - 5500