Gold
Crashed vertically and made a low of 25884 mark. We
recommended selling below 26725, 26460 and then below 26240 mark. Booked full
profit around 25920---25900
Now what to expect???
Support at 25880 and Resistance at 26090
Decisive break and sustain above 26090 will see further
upside rally till 26180---26240 and then to 26410 mark else it could test its
support level of 25880 again
Close below 25880 will take to 25780---25730. Three
consecutive closes + weekly close below 26730 will see free fall in days to
come
Overall trend still looks weak and any sharp rise will be
selling opportunity in Gold but trade with levels only as we will expect
consolidation phase for time being.
So traders can trade safely with levels only... Anything
seems will update during market hours.
Silver
Made a low of 35765 and now trading around 35900. We are
holding short from 36290 level
Now what to expect???
Support at 35700 and Resistance at 36300
Two consecutive closes below 35700 will take to
35200---34800 mark else it could test its resistance level of 36300 again
Close above 36300 will take to 36700---37000 mark
Traders can trade with levels only
Crude Oil
Support at 3080---3020 and Resistance at 3180
Close above 3180 will take to 3250---3330 mark in days to
come else it could test its support level of 3080---3020 again
Further panic seen only close below 3020 mark
Trade with levels only.
More will be update soon!!
