Gold and silver update 25 April 2017

Covered all sell positions in sell at closing price today night and now started buying on dips ....

26 April 2017

Gold is not showing any signs of good bounce back.....Gold maximum upside will remain till 29050 levels....Now I will keep SL below 29500 for my buy positions and if it hits I will remain on sell side for long term.....Below 29500 Gold will fall much more in coming month.....Similarly for Silver

Commodity Update 23 April 2017

I am still holding my Sell positions in Gold and Silver....Though Silver has given me much good profit and Gold has moved slightly upside ...I have added more sell in Gold at 29446 ( 4 hr resistance at 29446)....it made exact high at 29447.....cheers....I will add sell till 29588 if it goes there.....

My stoploss for Gold will remain at 29802 and Target will be 28815.....I will buy Gold at 28815 or only if it breaks 29800....

Silver may or may not see 41800 level where I will short more silver with SL above 42100....Break of 41000 will see silver at 40800 and break of 40600 will take silver again to test 2016 lows....I will try guying at 40800 with small SL of 40700 for more upside movement and break of previous high.....

Lets see.....BUT YOU GUYS TRADE WITH PROPER SL AS PER YOUR EQUITY....DONT OVERTRADE.....

Base metals as told before I am adding more long positions....

Crude - I have booked profit on Sell positions and now I have no positions in Crude....

Gold Update

As I told before I am selling Gold on rise......But now I will hold my sell till 29040 and then I will start buying on dips till 27790 for big targets upside.....

Silver I will hold sell till 41400 and will keep buying on dips till 41000....for TGt beyond 45000 in this contract I hope...

Base metals as I said I am buying on dips and adding buy at each drop .....

Crude as did not cross 3520 I sold at 3400 and making good profit and will sell on rise for TGT 1800 minus....

No positions in NG

Commodity Update 13 April 2017

I have cleared all my Buy positions in GOLD and SILVER today at Opening.....

Now I think GOLD and SILVER will drop drastically.....Lets see.....

I will sell Gold and Silver on Rise.....I have sold GOLD and SILVER today morning and will sell on rise....

I am adding Buy on Base metals on dips and now I think they have reversed big time for upside targets.....

Commodity Update 10 April 2017

Hummmm.....

I am still holding all buy positions and will add more buy in Base metals......It is quite possible that base metals may go down some more but I will maintain my buy positions as still my equity is good.....

I still have Gold buy from 28000.....Base metals I have buy from higher levels ( Zinc bought at 180 and 173.5.....)

You guys trade safe with SL to reduce your losses.....Manage your funds and dont over trade....

I have been maintaining my buys at Base metals since I have managed to get Profit from Gold and Silver buy at lower levels....

Crude I will sell later after break down....No positions in Crude and NG....

Base Metals Update 3 April 2017

I have cleared all my buy positions as my Stop Loss hit....For past few days base metals have de-linked itself from Silver and its a matter of time when it will move together with Silver again....

I will take new positions tomorrow....I will decide on Price action...... I will buy again....I am still bullish on Base metals and I think it will surely break all time high....

I am still bullish on base metals because it has good risk reward ratio....I am sure I will cover all my loss due to SL hit by this week end....

I will buy Zinc near 173.50-173.60  or above today's high whichever is first.....

Commodity Update 2 April 2017

I was not expecting commodities to retrace and show some downside more than last friday.....

Yes indeed it did not break last friday low except Gold....

Anyways but I am buying Base metals and bullions on dips as positional trader ......As these commodities are moving sideways and consolidating there is nothing much on day trading ......

My targets still remain Intact.....as I am waiting and waiting for breakout to happen upside.....

For gold there are few small resistances in between till it break 30480 .....it will keep going up down.....But Still I have buys taken from 28000 in profit so not worried till it cross 28000 again as I have modified my sl to 28100....

Overall I am still bullish and keep buying on dips....

Crude oil I think may visit 3309 and then fall if not 3384 and fall....So adding sell on rise at these levels.............

Commodity Update 26 March 2017

Ahhha everything is alright for me .....it's perfectly set as I have told last week.....This week I am expecting big upside momentum and break of short term resistance upside.....that will continue uptrend for coming some weeks and then some consolidation again....

Even though Gold, Silver, Base Metals and Ng have shown some little down side last week....I am still not worried ....As I mentioned before that there will not be major big retracements ......

Last week down side movement is a perfect bear trap and I am sure lot of you might have changed their view to selling these.....Crude also showed upside movement and not broken 3100 yet....Also in NG I have very small positions on buy side but still waiting for some down side till 188....lets see ....But if NG break 205 before that I will open more buy positions.....

Coming week will be very interesting to see lot of bears getting trapped .......

Just one call from my side .....buy Zinc SL 182 on daily closing basis target 212.30....and with small retracement Final target 234.50

I am still holding all my buy positions in all commodities EXCEPT Crude where I have Selling positions and will add more after break of 3100.....

So nothing has changed for me since last week....

I will trade Half positions with SL of Friday's low on daily closing basis.....( I don't think it will break anyway).....

You guys trade safe and have great next week.....

FOMC HAS RAISED RATES LAST THURSDAY .....NOW THERE WILL NOT BE ANY RATE HIKES IN THIS YEAR......EVEN IF THEY WILL KEEP SAYING THAT THERE WILL BE 3 MORE RATE HIKE THIS YEAR......I DONT THINK THEY WILL RAISE IT FURTHER SO I WILL KEEP BUYING METALS AND NG......AND SELLING CRUDE

I will not look at Dollar index now on.....Most of analysts say that Gold will rise if Dollar falls and if Dollar is up Gold will go down....

BUT NOW I AM LOOKING FOR A MAGIC................DOLLAR AND GOLD WILL RISE TOGETHER......BUMPER DRAW....

Commodity Update 19 March 2017

At last now the commodities are showing some signs of trend....CHEERSSSSSSSSSSSSS......MARKET IS IN TREND NOW....

Gold and Silver hit my stop loss again but as I said I sold it for my target (Gold as mentioned before 28000).....Also I said earlier that Gold maximum down is 27850....It did not go till there but bounced back from 28907......

Anyway, I bought again at 28000 with SL below 27850 for TGT 28300 but now I kept all my buy positions and did not book at 28300........I will keep adding on buy positions till 28250 again for my LONG AWAITED target 32750+++ ....But now I have revised my long term targets to 42000......

I don't think now Gold will see 28000 levels again this year till my target 1 32750++ and then with some retracement ( which we will see that time) will go till 42000 ( or equal level to Comex 1700+)....

Silver will make new all time high above 100000.....

Base Metals : I covered my long positions and was waiting to break supports....But it did not.....

I have no positions in Base metals yet .....with the price movement on Friday now it looks that they have made double bottom last week and now reversed to make new Highs.....Zinc will hit my LONG awaited target 1 - 210.....

Crude is about to fall more when it breaks 3100 again.....I will keep selling till 3220 .....

NG is revered from 169 after making double bottom.....I have some long positions but I am waiting for 187.60-188 range to add more buy positions for TGT 1 250 and TGT 2 - 270+.....

SO OVERALL I AM BUYING GOLD, SILVER, BASE METALS, NG......SELLING CRUDE......

Base Metals

Covered all buy positions and waiting for support to break to take some sell positions...

GOLD UPDATE

Though my SL 28250 got hit......I am still Bullish on Gold till it breaks 28085 on daily closing basis...
I have decided to add more buys till 28195 now.....I will keep intraday SL 28150 and try it again tomorrow....

But if my SL hit this time then I will start selling on rise for the target near 28000

Commodity Update 12 March 2017 Will

Gold : As I was buying Gold till 29400 and My Stoploss got hit at 29300 I went on selling side and covered all my selling positions at end of Friday at 28350....

Now I am on buying side with SL 28248 for TGT 28520 and 28720....Maximum upside 28920+....Then I may start selling for TGT below 28000.....(27700)....But it may be that Gold might have found bottom.....lets see what levels it go upside first which will confirm this...

But if Gold goes to below 28000 levels before going upside 28520 then I will buy below 28000 anyway......(27700).....but Gold may turn down from 28520+ levels....So I will be very careful since it is retracement for short term....

Below 28000 I think upto 27850 is maximum down side possible.....I will look for buying signal below 28000 with closing basis SL 27800 for my still pending upside targets 32780++++

Zinc can go till 185+ levels ...188.10, 191+ in extension is possible.....Lets see...but it is also possible that it may go for all time high again

Lead ...till 154 if sustain above it 156, 158, 161 & 163 are levels to watch for sell signals....Lets see...but it is also possible that it may go for all time high again

NG I am on selling side from Friday at 200 for TGT 188....Where I will buy massively for TGT 250

Crude : my selling target is done at 3220 and now no positions as I think Crude might consolidate....I will wait and watch....

My Commodity Update 26 Feb 2017

I am buying Gold, Silver, Base Metals and Natural Gas on dips and selling Crude on rise.....

Gold has minor chance to test 29400+ levels ....I will keep buying till then if it goes there.....Now finally I can see that Gold will reach my Target 1 32700+ and then with some retracement ( or no retracement ) will shoot up to 33000-35000+ zone .....

I think base metals will have a nice bull run during this week after some consolidation and continue upwards.....

Crude needs a breakout below 3400-3300 zone ....I will keep short positions till it close above 3700 on daily closing basis....

NG has made double bottom at 169 which is strong buy signal ...I will keep Long with SL below 168 for much higher target ...TGT 1-  250...

Base Metals

Covered all sell positions and added more Buy positions today morning....

BASE METALS

I covered all my buy positions at last rates and added more sell positions now....

Base metals are trading sideways so I will buy at today's bottom again

Gold Silver NG Crude Update....18 Feb 2017

Gold & Silver is again moving sideways but with upside momentum .....

But it is facing Trendline resistance on upside....Gold and Silver will retrace during Monday till 29170-29065 levels .....I will watch these levels as reversal levels....But need a good confirmation of reversal....Break below 28860 can Take gold to 28400 maximum....

Silver maximum down is 42400 and break below 42200 can take it to 41100 maximum....

Crude is trading sideways between 3600 and 3520 break out on either side will decide its next trend....

NG has shown a good sell off during last week and now ready for reversal which might have happened yesterday ....I have opened buy positions from191 ....I will keep buying till 189 with SL  181 ( Positional).....for Targets of 250......

Copper,Zinc and Lead Overview 18 Feb. 2017 - Revised.....

I HAD WRITTEN FOLLOWING IN WHITE COLOR EARLIER BUT AFTER LOOKING AT WEEKLY CHART I HAVE CHANGED MY VIEW ON BASE METALS....lETS SEE....BUT FOR THAT NEED TO SEE BREAKOUTS ON DOWN SIDE AS IT IS TRADING AT TREND LINE SUPPORT.....UPSIDE IS NOT LIMITED....I WILL KEEP MY BUY POSITIONS AND OPEN SELL POSITIONS ALSO SEPARATELY TO KEEP LOSS LIMITED TILL I SEE BREAK DOWN...

I THINK I HAVE TAKEN A RISKY TRADE FOR UPSIDE TARGETS.....IF THE OPENING ON MONDAY IS GAP DOWN I WILL COVER ALL BUY POSITIONS....AS WEEKLY CHART IS SHOWING REVERSAL SIGNS TO TEST PREVIOUS LOW AS LONG TERM TARGETS.....LETS SEE....I MIGHT GO TO SELLING SIDE ON MONDAY....ZINC CAN FALL TILL 158 ( I WILL SELL till 189.70 sl 192.50)  ...LEAD CAN FALL TILL 124-125 ( I will sell till 154.60.....149 AND 145 LEVELS TO BE WATCHED ON THE WAY).....COPPER TILL 332 

During past few days Zinc and Lead had shown sell off /pullback from 199+ levels.....though my first target achieved (199+)....it was obvious for a pullback....

On daily chart both commodities are trading sideways but upside momentum....It will still show up and down movements for some more days.....Now for those who have stuck in buying at higher levels must have got worried about their losses....but nothing to worry about as again Zinc and Lead will show upside momentum soon.....

During next week I will look for buying signal...I will buy Lead between 149-151 if it comes there .....I have already opened buying positions at 151 and will buy till 149.15.....with SL 149 on daily closing basis for first  target of 161.30....But this time I am sure that it will break above 165.15 strongly and show strong upside trend.....

Zinc I have already opened buy positions at 187.70 with SL 184 on daily closing basis for First target 195 and 210 last target....

Copper I have opened buy positions at 397 and will keep buying till 395.20 with SL below 391 for target of 452....

BUT IF MY SL HIT ON DAILY CLOSING BASIS THEN I WILL SELL FOR DOWN SIDE TARGET WHICH I WILL UPDATE LATER....

Base Metals and Gold n Silver

Cleared all buy positions in base metals ......I am looking for sell signal in Base metals....

Gold n silver may also pull back ...so cleared all buy positions now....If cross 28300 then i will buy for quick profits and break of 28400 I will again buy for 28500+

I will sell below 28000

Commodity Update 8 Jan 2017

Happy New Year to all

Gold : I am keeping my long positions ...I am expecting a small drop in Gold on Monday /Tuesday....I will add more buy positions if it dips again around 27360, 27100 levels....But if it breaks 28050 then Gold can go till 28100,28226 ....where I will cover all my buy positions and wait for break of 28226 level with good volume...

Silver : I am keeping my buy positions and will add more if it dips near 39100 if it go there for TGT 1 41200...then will see the price action and decide....

Zinc : It is moving sideways so I did trade both ways last week....But now I have taken short positions with SL above 179.10 for TGT 175.80.....Will cover half there and then add more short on rise if any or add more short on break of 175....I think all base metals will fall more now since it has not broken its previous high last week......Zinc may drop below 161....lets see....will trade base metals according to price action.....

Crude : As expected it is falling but with sideways movements....3750-3760 is crucial levels to short Crude again....

NG : As I mentioned last week 255 was my buying level and below 255 I sold.....As expected below 255 it made a low below 218 ....( my tgt was 221 and 218)....NG may test 233 level again and break of 234 will take it to new high around 270....

Overall I am bullish in GOLD/ Silver/NG and bearish on Base metals and Crude this coming week....