GOLD
Last week we clearly indicated that Gold looks positive on charts above $1192. It made a high of $1125 and settled at $1219.64.
Now what to expect??
Close above $1226 will see more upside rally till $1238---$1244 and then to $1256 else it could test it's support level of $1206 again.
Revise stop loss of $1206 on closing basis as we will expect selling pressure below the support level.
On MCX division, Gold has support at 28700---28550 and resistance at 29080.
Trade with levels only.
SILVER
Too skyrocketed and made a high of $17.72 ⬆⬆ Clearly indicated that looks positive on charts.
Now what to expect???
Above $17.35... Target looks $18.20---$18.80.
Support intact $16.60
On MCX direction support at 41300 and resistance at 42000. Weekly close is important above 42000 mark.
Trade with levels only.
CRUDE OIL
Support at 3570---3540 and resistance at 3680.
Overall trend looks positive and be cautious at lower levels.
Close above 3680 will take to 3750---3780. Three consecutive closes + weekly close above 3780 will see sharp upside rally in it.
3450---3380 too act as support in Crude oil. So our 1st reminder to remain cautious in Crude oil at lower levels.
More will update soon!!
