Hope you all enjoyed rally in Gold and mind blowing panic in
base metal and Energy. Just trade with levels only... Nothing else!!
Have a look on it!!
Gold
Yesterday... We clearly indicated to buy Gold around
25480---25450. Booked full profit around 25750.
Also
Clearly indicates that above $1089 INR 25760 will see rally
in $1198---$1102 INR 25900---26050 and then to $1110 INR 26250 mark. It made a
high of $1102.80 INR 26021
Now what to expect???
Gold has support at 25760 and Resistance at 26080
Two consecutive closes + weekly close below 25760 will see
further panic till 25440---25280 mark else it could test its resistance level
of 26080 mark
Further upside rally seen only weekly close above 26080
level
Traders remain cautious in Gold at upper levels as $1110 INR
26080---26250 act as major hurdle in Gold
Silver
Support at 33600 and Resistance at 34200---34500
Traded with positive bias but unable to sustain at higher
levels and slipped again
Close below 33600 will take to 33100---32700 mark. Further
downside panic will see only close below 32700 level
Any sharp rise will be selling opportunity in Silver but
trade with levels only.
More will be update soon only on our Android App.
