Gold to remain range bound between 25990-26000 to 24900 during next few days....Sell on rise and buy on dips will be my strategy till it break out on either side.....I hope Gold will break out on upside for TGT 28500 during next few weeks...Long term TGT i am looking at 32800+........
My first TGT 1 is 25340.....If not broken convincingly then Gold may drop till 24860.....Now it will be interesting to see which side Gold will breakout.....If broken upside then it will open up upside targets of 25500-25700-25900 etc...
Silver will follow Gold....
Base metals....As told before I am buying on every dips.....Zinc TGT 107.7-135+ ....I will buy more in next contract for TGT 135+
Lead TGT 122.4 - 144+ ( 144 in next contract)
Copper TGT 326 -333
Crude and NG may retrace a bit and then continue upward movement.....I have buy positions in both and will add more on retracement......for more upside targets....
Crude t may retrace till 2440-2407-2376 and continue upwards till 2700+- 2950+ levels......But daily closing below 2430 can take crude to below 2200....
My first TGT 1 is 25340.....If not broken convincingly then Gold may drop till 24860.....Now it will be interesting to see which side Gold will breakout.....If broken upside then it will open up upside targets of 25500-25700-25900 etc...
Silver will follow Gold....
Base metals....As told before I am buying on every dips.....Zinc TGT 107.7-135+ ....I will buy more in next contract for TGT 135+
Lead TGT 122.4 - 144+ ( 144 in next contract)
Copper TGT 326 -333
Crude and NG may retrace a bit and then continue upward movement.....I have buy positions in both and will add more on retracement......for more upside targets....
Crude t may retrace till 2440-2407-2376 and continue upwards till 2700+- 2950+ levels......But daily closing below 2430 can take crude to below 2200....