The next gold strong support is 31300. It may take u-turn up to 31800 – 32000+.
But gold is not safe to short under 31300 to 31000 levels. It may drag it into a heavy downfall. More information will update on the market hours for the premium members only.
Technical Perspective of Silver
As per the previous silver’s report, it’s continuously following our levels and under range. In this week beginning, It can jump up to 37600 levels. Don’t sell above to this level (37600). It can push it up to 37800 – 38000+.
Did you read our last silver alerts? If not, click here. We had written there, “Keep note silver support level is 37200 price”. After touching our support level, It took the u-turn.
But this is not an assured confirmation for the uptrend. Yes! A downtrend can be confirmed if silver breakout the support level and close below it consecutively.
And this downfall can drag down the silver’s price up to 36600 – 36200 – 36000 – 35800 levels.
Note: a sideways trend will continue between 38000 to 37200 range. An Uptrend will confirm after breakout 38000 level. Don’t think much about downtrend.It’s time to focus on Intraday trading.
Should we keep selling Natural gas?
Yes! But after 182.6 level. Complete breakout will require. Targets:178 – 172 – 166
Important note for Zinc traders
As per the last Zinc forecasts, it has touched all levels. It’s very close to the all-time high (232.7 level). Short-term/long-term investors must wait now. This week, we might see above the 230 level with sideways movements.