As expected... Panic continues in Bullion, Base Metal and Energy. Minted money in toneeeees.
Have a look on it!!
Gold
Crashed vertically and made a low of 25520. We recommended fresh selling below 25730 mark.
Now what to expect???
Weekly close below 25600 will see panic till 25280---25230 and then to 24900 mark.
Any sharp rise will be selling opportunity with stop loss of 25930 on closing basis
On Comex division.. Gold has support at $1089. Weekly close below $1089 will take to $1073---$1056 and then to $1024 mark
Revise stop loss above $1110
Silver
Told to sell around 35400 with stop loss of 35700. Just made a low of 34955.
Now what to expect???
Weekly close below 34900 will take to 34500---34200 mark in days to come
Already booked part profit... Now revise stop loss at cost to cost
Hurdle intact at 35700.
Crude oil
Told to fresh sell below 3020. Slipped and made a low of 2961. We booked full profit around 2965---2960.
Now what to expect???
Weekly close below 2960 will take to 2870---2830 mark in days to come
Upper side seems limited and any sharp rise will be selling opportunity but trade with levels only
More will update soon...
