Gold comex settled 1169.80, near the last week low. Precious metals recover after a $ 100 (my most of clients success to got $ 60-70 on this downtrend really) straight down fall on Friday after US non farm payroll data which is slightly pressure the USD.
Now I have projection number up to 1200-1210 level as I wrote in my last week update, and silver projection up to $ 16.80-17 untill close above $ 15.
We have on the weekly chart are all good signs of a short term retracement for 2 to 4 weeks.
Note : I still think overall this mkt is in downtrend and should be sell off after my retracement level.
LEAVL FOR THE WEEK
R2: 1205
R1: 1186
P : 1160
S1: 1147
S2: 1125
RECOMMENDATION :
COMEX : BUY 1155-57 STOP 1140 TP 1185 1198
MCX : GOLD BUY 25700-750 STOP 25500 TP 26290 26680
Happy trading
Rahul Kumar
Bullion expert
HFBC
This week I m interesting to add some commetted day traders in my inner circle..
vatsaap : +91 8193003476
write : bestech30@gmail.com
Now I have projection number up to 1200-1210 level as I wrote in my last week update, and silver projection up to $ 16.80-17 untill close above $ 15.
We have on the weekly chart are all good signs of a short term retracement for 2 to 4 weeks.
Note : I still think overall this mkt is in downtrend and should be sell off after my retracement level.
LEAVL FOR THE WEEK
R2: 1205
R1: 1186
P : 1160
S1: 1147
S2: 1125
RECOMMENDATION :
COMEX : BUY 1155-57 STOP 1140 TP 1185 1198
MCX : GOLD BUY 25700-750 STOP 25500 TP 26290 26680
Happy trading
Rahul Kumar
Bullion expert
HFBC
This week I m interesting to add some commetted day traders in my inner circle..
vatsaap : +91 8193003476
write : bestech30
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