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....
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....