mcx commodity affected US payroll data has come 6 pm and
non manufacturing pmi data which will come at 7.30 pm ,
precious metal gold silver looked under pressure today,
after opening . Gold traded at 27500 while open at 27564 and made
high above 27634, today gold should be down below 27300 if touch
27350, more down fall will seen if break 27200 then 27000 look in
gold august series.
Mcx silver traded above 44752 and open at 44938 made
high 44938 and low side 44300 mcx silver break more down fall if slip
below 44150 then 43700 can touch, up side 45150.
base metal copper ,nickel and aluminium, zinc, lead look
uptrend on current contact, as well as crude oil made high 6244,
while open below 6225 and low of day is 6208.
commodity calls today :
sell gold above 27550 target 27480/27400/27350 stoploss
27650
sell silver 44800 target 44700/44600/44500 stoploss
44850
sell crude oil above 6335 target 6220/6205/6180 stoploss
6255
GOLD (5 AUG.) TREND: BEARISH
ReplyDeleteRES 1: 28000
RES 2: 28200
SUPP 1: 27500
SUPP 2: 27200
STRATEGY: SELL ON HIGH
Mcx Silver Tips