Gold
Today... we recommended buying in Gold around 25080---25050.
Made a high of 25200
Now what to expect???
Hurdle at 25230---25280. Looks positive and could test its
resistance level of 25280 mark
Break and sustain above 25280 will see further upside rally
till 25390---25440 and then to 25600 mark
Fresh selling can initiate only close below 24900 mark
On Comex division.. Hurdle at $1073. Once break and close
with volume will take to $1083---$1089 and then to $1110 mark in days to come
Support intact at $1058---$1045
Trade with levels only
Silver
Support at 33200---32900 and Resistance at 33800---34500
Looks positive and could test its resistance level of 33800
and then to 34200---34500. Three consecutive closes + weekly close above 34500
will see fire in Silver else it could test its support level of 33200---32900
again
Further panic will see only close below 32900 mark
Trade with levels only
Crude Oil
Support at 2480 and Resistance at 2540
Close below 2480 will take to 2430---2370 and then to 2250
mark in days to come else it could test its resistance level of 2540 again
Close above 2540 will take to 2630---2680+ mark
Trade with levels only
Copper
Support at 309 and Resistance at 319---324
Two consecutive closes below 309 will take to 293---289 and
then to 276 mark in days to come
Else it could test its resistance level of 319---324 again
Further upside rally seen only weekly close above 324 mark.
Till then traders can trade in a range with levels only and wait for
confirmation.
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