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In above chart, I’ve highlighted the trading range with blue and red HSR (horizontal support and resistance) lines. Your one mistake can give you huge loss. Read carefully below levels and make your every trade perfect!
Where are the stops? For MCX traders Buy stops: 27,244 Sell stops: 26,456
For Comex traders Buy stops: $1488 Stop sell: $1448
Note: once gold close above 27,244 level then targets will be over 27,608-27,838 and if close below 26,456 then targets will over 25,958-25,670.
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Gold closed Friday at its lowest level since July 2011. In the last two days, gold was off about $79 and silver off about $1.60 at their worst points. Everybody is writing many reasons for gold and silver move but no-one know for sure where the bottom is.
My advice: hold your gold and silver.
Keep in mind, gold will end the year much higher than where we stand today and I trust the precious metals bull market will see gold and silver prices much higher before it is all over. Hang tight!
For long term investors: the gold prices may be more down but there is severe uncertainty in the market and it may be a better option to buy gold now.
I have Gold and Silver hurdle, support & resistance below: [Only Subscriber can see]
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Yesterday I had written about Silver, Cardamom and Potato. Click here to read it. I was updated silver and cardamom targets done. But yes, yesterday Potato also hit my two targets. What else you need huh?
I hope, everyone enjoyed my all calls.
Today I am going to write about Silver, Crude oil and Mentha oil. To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
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What I had written about Silver @ 9:00AM? Click here to read it. I said,”I am expecting unlimited down trend with ultimate targets: 52971-52675-52280-52000″ Silver kissed our 2 targets in just 2 hours, what else you want.. Enjoy!
Now what you expect? Silver will continue move downside or stop at this level?
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I also wrote about Cardamom at today’s morning. Click here to see it. I said,”Cardamom is looking more downside. Targets: 869-863-857″ Cardamom kissed our 2 target in just 2 hours…what else you need?
On last trading session, silver made big low. Now you have one silver lot then you have to worry about it because looking more blood from it. I am expecting unlimited down trend with ultimate targets 52971-52675-52280-52000. Hurdle: 51937
My upward hurdle is 53370. Once it will close at or above to upward hurdle then it will start to make ride upside. To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
Cardamom is looking more downside. Once it open downward then go and sell it without worry. Targets: 869-863-857
Nowadays MCX Potato is looking very hot. Once it will open upward then buy buy buy! Targets: 1002-1007-1013+ Free users for S/L is yesterday low!
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