Gold
Gold... Made a high of 29145 and now trading around 28960. Today we booked full profit in Gold around 29000 and told to fresh sell around 29000 with stop loss above 29150. Just made a low of 28880
Now what to expect???
Support at 28880 and Resistance at 29150---29240
Break and sustain below 28880 will see further downside panic till 28750---28690 and then to 28560 mark.
More and more downside panic will see only close below 28560 else it could test its resistance level of 29150---29240 again
Further upside rally will see only weekly close above 29240 mark
Trade safely with levels only
Silver
Support at 35900 and Resistance at 36600
Close above 36600 will take to 36900---37000 and then to 37400 else it could test its support level of 35900 again
Two consecutive closes below 35900 will see more downside move till 35300---34800 mark
Traders can trade safely with levels only
Copper
Told to sell below 315 with stop loss of 318. Crashed and made a low of 305.95 and now trading around 308.00
Now what to expect???
Support at 306 and Resistance at 309---313.50
Close below 306 will take to 302---296 mark in days to come else it could test its resistance level of 309---310 and then to 313.50 again
Further upside rally will see only weekly close above 313.50 mark
Trade with levels only
Zinc
Zinc made a low of 116.20. We are holding short from 121 mark
Now what to expect???
Support at 118 and Resistance at 121
Three consecutive closes + weekly close below 118 will take to 112---108 and then to 103 mark in days to come
Aluminium
Support at 99.40 and Resistance at 101.50
Close below 99.40 will take to 98.60---97.80 mark. Three consecutive closes + weekly close below 97.80 will see free fall in Aluminium else it could test its resistance level of 101.50 again
Three consecutive closes + weekly close above 101.50 will take to ???
Trade with levels only
Lead
Support at 112.90 and Resistance at 114.80
Close below 112.90 will take to 111.50---110 mark else it could test its resistance level of 114.80 again
Further upside rally will see only close above 114.80 mark
Trade with levels only
More will update soon!!
