UPDATE 2: Gold Downtrend Continues
Did you check the last report of Gold? If not, click here.
“Gold Price Focusing on Nov 2016 Support Trendline Bottom. It can crash up to 29500 – 29250 for restart a solid uptrend.”
– My view is the same for the downtrend but a short reversal possible in this week!
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Silver trading strategy for this week
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Below 38K look for further downside with 37650 – 37300 – 37000 as targets. The bullish trend will resume after closing price above 39100. Sellers must beware after the breakout of 38650 level.
Simplified Crude oil Chart
Weekly Outlook of Lead
This week Lead could be stuck in the base range of 151.1 to 145.5. It can come upside up to 147.5 – 150. Look at the chart, be aware with the trend-changer line. The technical indicators indicating the trend is unconfirmed.
Do not forget to watch out the Test level once it shows closing price below the Test level 1. It’s target levels.
The short-term view of the Zinc
Two crucial level will define the direction of Zinc.
Test level 1: 184
Test level 2: 171
Keep selling this commodity below test level 1 for the level 2. If it closes above test 1, buy for the 188 – 192 OR if it closes below test 2, sell for the 167 – 164 – 158.
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Zinc buy or sell