What Will Be Next Move Of Gold?
Definitely gold is in an uptrend but as per last 2 months performance, we can say it will remain downside for short-term. Based on Technical & Fundamental analysis, Gold Is Down.
Hurdle: 29750 level
Targets: 29350 – 29200
Keep note for next week beginning hurdle level is very crucial. If we see gold above to this hurdle level then suddenly start buying. We may see 29850 – 30000 – 30100 – 30250+ levels.
Is this Good Time to Buy/Sell Silver?
After this weekend closing of silver, we don’t see any chances for upside movement. Technical indicators are gesturing silver will run downside. The resistance level of silver is last week high 40100 level. Strong resistance is 40810 level.
Targets: 39000 – 38800
If silver will crossover or close above 40100 level then we might see 40500 – 40700 levels.
Hint for Crude oil traders
Crude oil is slowly taking reversal for a short-term downtrend. As per some secret data, we found it can show 3770+ level before U-Turn!
A hint is enough for the smart investors.
Aluminium looking strong!
Important level: 135
Last closing price: 137.2
Aluminium is playing above very crucial level 135. If it will remain above this level then I recommend keeping buying.
Targets: 139 – 140 – 141+
…if aluminum closes below 135 then big downtrend will begin.
Next Week What Will Happen in Lead?
If you’re a base metal lover then look at the lead. Reversal is loading. If it will break last trading session high then I recommend “don’t do anything” but if its price will remain below 166 level then Sell Only!
Targets: 163 – 161 – 159
Natural gas calls & important updates for next week
In the previous week, we were saying buy natural gas again and again! Why? Today I will reveal the truth.
You can read previous week newsletter:
In last trading session, Natural gas has touched the second target!
Earning Per Lot: Rs.7,500
What will next? Look at the below chart:
As per above chart, Natural gas looking weak in upcoming days. When should you sell? What will be exact entry level? Natural gas stop loss level?
Natural gas will start moving down soon.
Top: 212 level
Entry Level: 211
Stop loss: 214
Targets: 203 – 200
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I hope everybody booked profit!
