We’re looking bullish trend in Gold for half trading session. It should be open upward with minor different from closing level. It closed at 30472 level with gain 225 rupees (from prev. close). Targets: 30,640 – 30,780
If gold opening bell with decrease then you should take expert advice to make trade safely. Risk and stoploss level always updated for premium clients by SMS only!
Forex traders: Keep in mind, COMEX Gold will surely hit or may close above 1380+ level at tonight.
Let me say you something, I got too many mails about Silver move. If you’re asking me about Silver trend then I should to say, “I don’t know!“, what I know – I’m updating here!
I am expecting more blood from crude oil with Targets: 5932-5907-5860 below. Yep, I will not say in detail everything but keep in mind opening bell because if open positive some pressure then may kiss again 6047-6100 level.
Make your first trade safe with metal Zinc. I will not take your time more, targets: 120.6-120.2. Don’t hold on it for long time and once look at opening bell before make your trade.
After 3 days of positive trend current rise should over near 1.3671 then it may move down to 1.3611 – 1.3595 levels.
For Long term traders – If market stays below 1.3641 a fall to 1.3530 is expected. but once market break the point 1.3696 it could bounce to new high.
It should continue rally to 1.6460 – 1.6485. After which a pullback to 1.6379 – 1.6359 zone is possible.
As per weekly chart Market should hold major support at 1.6205 before rising towards 1.6487 – 1.6558.
Market should go down to 0.8307 – 0.8303 area. If this crucial support zone holds then it must resume higher to 0.8331 – 0.8353 zone.
It looks likely that it would rise to 0.8998 – 0.9036 from 0.8923 or before. After which a downside move is expected.
Its look like you missed the opportunity EURINR hit the high of 86.20 in Friday trading session, and kissed dull target of 86.00 as I mentioned in last forex tips newsletter, click here to read newsletter.
what for today?
EURINR CHART ↓
Again on its resistance of 86.02, but this currency pair is looking weak to break resistance and we must see bloodbath to 85.00 – 84.00 and 83.28. Remember once cross and stays above it with high volume can make it bounce to 87.00 – 88.00 and 89.00 as well.