GOLD COMEX SETTLED $ 1337.60
Last week yellow metals settle with gain..continoue 4th week. My analysz says the precious metal continue produce a buy signal with super trend UP. I am long gold @$ 1317, those following my recommendations can wait for further target this week 1362-1372. The main resistance is now $ 1340 closing base. Above $ 1340, I am expecting 1362-1372 level could face major obstacle and change trend for short term towards $ 1320-25 again.
CONCLUSION: Any closing above $ 1340 activate target $ 1362-1372..and further closing above $ 1372 activate final target $ 1430 ( not expecting in Aug contract)
DOWN : Expecting a new down trend for short term period after achieving target $ 1362-72 till $ 1320-25.
SILVER: Expecting trading range between $ 21.10- $ 22.40 ..continue long $ 21.07...position hold
WEEKLY SUPPORT AND RESISTANCE
RES 2 : $ 1372
RES 1 : $ 1352
PIVOT : $ 1329
SUPPORT 1 : $ 1319
SUPPORT 2 : $ 1302
RECOMMENDATIONS
GOLD
BUY $ 1331-32 SL $ 1319 TGT $ 1365
BUY CLOSING ABOVE $ 1340 SL $ 1328 TGT $ 1370
SILVER
BUY ON DIP $ 21.25-21.20 SL $ 21 TGT $ 21.75 $ 22.40
NOTE : My trade prefer mini contract for GC $ 33 Oz
SI 1000 Oz because comex contract very large in size and any negative move can through out you from the market. Remember always there is a next day always..be alive for that.
Thanks and regards
Rahul Kumar
CTeA
Bullion expert
Join my trading room for day trading on very low risk and trade entire day as a professional trader.
email : bestech30@gmail.com
Mob : +91 8193003476 (available on whatsaap also)
. . . . : +91 8958173410
Last week yellow metals settle with gain..continoue 4th week. My analysz says the precious metal continue produce a buy signal with super trend UP. I am long gold @$ 1317, those following my recommendations can wait for further target this week 1362-1372. The main resistance is now $ 1340 closing base. Above $ 1340, I am expecting 1362-1372 level could face major obstacle and change trend for short term towards $ 1320-25 again.
CONCLUSION: Any closing above $ 1340 activate target $ 1362-1372..and further closing above $ 1372 activate final target $ 1430 ( not expecting in Aug contract)
DOWN : Expecting a new down trend for short term period after achieving target $ 1362-72 till $ 1320-25.
SILVER: Expecting trading range between $ 21.10- $ 22.40 ..continue long $ 21.07...position hold
WEEKLY SUPPORT AND RESISTANCE
RES 2 : $ 1372
RES 1 : $ 1352
PIVOT : $ 1329
SUPPORT 1 : $ 1319
SUPPORT 2 : $ 1302
RECOMMENDATIONS
GOLD
BUY $ 1331-32 SL $ 1319 TGT $ 1365
BUY CLOSING ABOVE $ 1340 SL $ 1328 TGT $ 1370
SILVER
BUY ON DIP $ 21.25-21.20 SL $ 21 TGT $ 21.75 $ 22.40
NOTE : My trade prefer mini contract for GC $ 33 Oz
SI 1000 Oz because comex contract very large in size and any negative move can through out you from the market. Remember always there is a next day always..be alive for that.
Thanks and regards
Rahul Kumar
CTeA
Bullion expert
Join my trading room for day trading on very low risk and trade entire day as a professional trader.
email : bestech30@gmail.com
Mob : +91 8193003476 (available on whatsaap also)
. . . . : +91 8958173410
