Our buy call in Copper, Nickel, Zinc has proven great. Not only this, our buying recommendation in Gold too proven great as we booked profit around 47200 levels. Now, what to expect??? Gold has support at 46600 and resistance at 47400. Either side break or close with volume will decide
Commodity Support 2 Support 1 Resistance 1 Resistance 2 Gold 46500 46800 47400 47850 Silver 66500 67150 68800 69800 Copper 692 697 704 710 Nickel 1285 1305 1330 1355 Lead 168 170 172.50 174 Zinc 229 231.50 235 236.50 Aluminium 188 190 193 195 Crude oil 5275 5340 5500 5580
As expected, base metals bounced back sharply in yesterday’s evening session. Crude oil too moved up sharply. Today again we will expect positive momentum in the metal and energy segment. Gold Support 46500 and resistance 47400. Buy on the decline around 46800 levels. Panic selling on a close below 46500
Gold has support at 46600. If Gold could not breach its support level of 46600, it could test its resistance level of 47400—47850 again and silver moved back sharply. More and more upside rally we will see on a close above 47850 levels. Fresh downside panic we will see on
Commodity Support 2 Support 1 Resistance 1 Resistance 2 Gold 46200 46500 47050 47450 XAU/USD 1730 1755 1780 1800 Silver 66900 67300 68200 68800 XAU/XAG 25.20 25.60 26.10 26.35 Copper 679 688 697 704 Nickel 1245 1270 1285 1305 Lead 168 170 173.50 176 Zinc 225 227 232 232.50 Aluminium
