Gold
Yesterday.. we recommended selling in Gold below 28730 with stop loss of 28900. Our stop loss triggered. After that we again recommended buying in Gold above 29050 for the upside target of 29400---29700. Flared and made a high of 29449 mark.
Now what to expect???
Support at 29240 and Resistance at 29600
Looks positive and could test its resistance level of 29600 and then to 29900---30200+ mark in days to come
Revise stop loss of 29240 mark
Copper
Support at 309 and Resistance at 316
Above 316... we will see rally in Copper till 321---324. Three consecutive closes + weekly close above 324 will see non stop rally in Copper till 340---355+ mark in days to come
Major support seen at 309---300
Trade with levels only
Nickel
Holding long from 557---553. Just made a high of 578. Weekly close above 580 will take to 600---610 and then to 625 mark
Trend looks positive but trade with levels only
Lead
Told to buy around 120.50---120.00. Just made a high of 121.45
Still looks positive and could test 123---125.50+ mark in days to come
In panic will buy.. Stop loss below 118.50
Zinc
Too flared and made a high of 118. Weekly close above 117 will see non stop rally in Zinc till 120.50---122 and then to 126+ mark in days to come
Fresh selling can initiate only close below 115 mark
Aluminium
Support at 104 and Resistance at 106
Two consecutive closes above 106 will take to 108---110.50+ mark in days to come
Else it could test its support level of 104 again
Further downside panic will see only close below 104 mark
Trade with levels only.
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