GOLD COMEX DEC FUTURE SETTLED DOWN $ 1216.60 LAST WEEK.
As expected gold continues down since break major support $ 1244 and tested below $ 1220 on weekend.
Now is the time to keep all logic out of the window and watch
..how the market react between 1183-1222 area and silver $ 16.90-$ 17.55. The above mention range of presipus metals may became supportive for presipus metals and send back it to again above $ 1255 and $ 18.33 ( I expect Tuesday is the dead line for weekness and we may see a short covering towards higher high.)
Note : I m not recommending any position at this level [$1214, $ 17.47]..
I m intrested to buy on strength or near support and selling on weekness.
Prefer only intraday trades at least 09 more days [till the Oct expiry, after Sep month closing surely I will go for some serious long short to mid term trades..keep watch).
LEAVEL TO WATCH
Down side
$ 1207
$ 1187
Up side
$ 1227
$ 1244
pivot $ 1219
MCX
Monday
Expected upper movement only staying above 26500
lower support 26200
$
happy trading
Rahul Kumar
CTeA
Bullion expert
Join me for only Intraday trades
Whtsaap +91 8193003476
write me bestech30@gmail.com
As expected gold continues down since break major support $ 1244 and tested below $ 1220 on weekend.
Now is the time to keep all logic out of the window and watch
..how the market react between 1183-1222 area and silver $ 16.90-$ 17.55. The above mention range of presipus metals may became supportive for presipus metals and send back it to again above $ 1255 and $ 18.33 ( I expect Tuesday is the dead line for weekness and we may see a short covering towards higher high.)
Note : I m not recommending any position at this level [$1214, $ 17.47]..
I m intrested to buy on strength or near support and selling on weekness.
Prefer only intraday trades at least 09 more days [till the Oct expiry, after Sep month closing surely I will go for some serious long short to mid term trades..keep watch).
LEAVEL TO WATCH
Down side
$ 1207
$ 1187
Up side
$ 1227
$ 1244
pivot $ 1219
MCX
Monday
Expected upper movement only staying above 26500
lower support 26200
$
happy trading
Rahul Kumar
CTeA
Bullion expert
Join me for only Intraday trades
Whtsaap +91 8193003476
write me bestech30@gmail.com
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