Sharp recovery from lower levels kept the prices above psychological level of $1400/oz mark, but there are no signs about trend reversal as long as prices are restricted below $1523 levels.
On daily charts, it has completed 50% Fibonacci retracement from its previous fall from $1620 to $1322 and formed a trend reversal candle stick pattern “spinning top”. Initial bias remains sideways and some more consolidation could be seen, on break of $1443 levels will confirms the near-term topping at $1485 and intact weakness towards $1390/oz.
Gold updates experienced its biggest two-day fall in 30 years. The double-digit fall on April 12 and April 15 means it has now lost over a quarter of its value since it peaked at USD1921/oz in September 2011. By definition, the more than 20% fall in gold means that the bull market dating from 2001 is over.
Today: Trend continues to be bearish... but any correction rally time to fresh short... consider resistance 27000-27050 and support 26500 watch out.
In Silver Intraday trading tips :- Trend is bearish and major break down in coming days. In this week, we may consider resistance 48000-48500 and sustained it will move towards 50000, thereafter 54000, down side support are 43000-41500-40000 likely in short term.
Today: Trend continues to be bearish... today resistance 45500-46000, downside support 43500-44000 watch out.
In Copper commodity tips :- Trend is completely bearish and we are in selling mode from the level of 424 and our target 350 is intact. In this week consider resistance 395-400 range and support are 370 mark.
Today: Time being fresh short avoid... sell on rise only... Consider resistance 375-380 range and support 367.
Today: Trend continues to be bearish... but any correction rally time to fresh short... consider resistance 27000-27050 and support 26500 watch out.
In Silver Intraday trading tips :- Trend is bearish and major break down in coming days. In this week, we may consider resistance 48000-48500 and sustained it will move towards 50000, thereafter 54000, down side support are 43000-41500-40000 likely in short term.
Today: Trend continues to be bearish... today resistance 45500-46000, downside support 43500-44000 watch out.
In Copper commodity tips :- Trend is completely bearish and we are in selling mode from the level of 424 and our target 350 is intact. In this week consider resistance 395-400 range and support are 370 mark.
Today: Time being fresh short avoid... sell on rise only... Consider resistance 375-380 range and support 367.
In Crude Oil commodity trading tips :- Last week we have mentioned this column that hold 4800 do not hold short position and sharp move resulted it was made a high 5094 and almost gained 300 points. Now in this week consider resistance 5200-5250 and support 4950-4900 range watch out.
Today: Sharp move and sharp fall are nature of this commodity. Now consider support 4950 and resistance 5030-5050 range.
Today: Sharp move and sharp fall are nature of this commodity. Now consider support 4950 and resistance 5030-5050 range.
In Natural Gas Mcx Tips Free trial :- Trend is bullish but higher level some profit booking to continue in the market. In this week, we may consider support range 220 and resistance 237-270 watch out. As long as hold... target 265-270 mark in coming days.
Today: Yesterday mentioned that professional traders can play short with stop loss 240... And just seen almost 15 point wipe out and made a low 217.10... More downside , first target 212.
Today: Yesterday mentioned that professional traders can play short with stop loss 240... And just seen almost 15 point wipe out and made a low 217.10... More downside , first target 212.
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