GOLD COMEX FOR DEC DELIVERY SETTLED LAST WEEK $ 1275.40
Beside of all technical indicator, which show me ABOSOLUTELY correct term, I am intrested to buy yellow metal on a little dip (see trade recommendation).
As this week also option expiry on Wednesday and SEP month delivery for silver contract I expect a short covering upward movement in precious metal for price re-testing $ 1293-1300 this week. Any close above $ 1306 decide next movement for CHANGE-IN-TREND down to up for a short term period at least 4-6 week.
OTHER SIDE any close below $ 1260 indicate price bias down towards lower low of 2013.. ($1180).
Weekly level for COMEX
R2 - $ 1306
R1 - $ 1290
P - $ 1272
S1 - $ 1260
S2 - $ 1242
Recommendation : Buy arround $ 1267-70 SL below $ 1260 closing base for tgt $ 1294 $1302
MCX LEVEL
R2 - 28200
R1 - 27955
P . - 27800
S1 - 27640
S2 - 27500
TRADE RECOMMENDATION : Buy arround 27640-625 SL 27500 TGT 27940...Or buy above 27960 for tgt 28190-28390
INTRADAY TRADE MAY BE DIFFER
REMEMBER : USE ALWAYS STOP LOSS..TO BE ALIVE FOR NEXT DAY NEXT OPPORTUNITY
Happy trading
Rahul Kumar
CTeA
HFBC
Join my trading room for full day trading (INTRADAY ONLY) 8193003476
Email me bestech30@gmail.com
Beside of all technical indicator, which show me ABOSOLUTELY correct term, I am intrested to buy yellow metal on a little dip (see trade recommendation).
As this week also option expiry on Wednesday and SEP month delivery for silver contract I expect a short covering upward movement in precious metal for price re-testing $ 1293-1300 this week. Any close above $ 1306 decide next movement for CHANGE-IN-TREND down to up for a short term period at least 4-6 week.
OTHER SIDE any close below $ 1260 indicate price bias down towards lower low of 2013.. ($1180).
Weekly level for COMEX
R2 - $ 1306
R1 - $ 1290
P - $ 1272
S1 - $ 1260
S2 - $ 1242
Recommendation : Buy arround $ 1267-70 SL below $ 1260 closing base for tgt $ 1294 $1302
MCX LEVEL
R2 - 28200
R1 - 27955
P . - 27800
S1 - 27640
S2 - 27500
TRADE RECOMMENDATION : Buy arround 27640-625 SL 27500 TGT 27940...Or buy above 27960 for tgt 28190-28390
INTRADAY TRADE MAY BE DIFFER
REMEMBER : USE ALWAYS STOP LOSS..TO BE ALIVE FOR NEXT DAY NEXT OPPORTUNITY
Happy trading
Rahul Kumar
CTeA
HFBC
Join my trading room for full day trading (INTRADAY ONLY) 8193003476
Email me bestech30@gmail.com
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