Silver - XAGUSD - Nymex - Comex - Mcx Trading Strategy - 05 AUG

Though silver weekly trend is firm bearish targeting 19.86 - 19.56 below 20.05, daily trend is indicating there might be a pop till 21.15 before a drop to 19.86 or 19.56 , if violates 20 then immediately likely to test 19.86 and bounce to 21.15 - below 19.56 that will be our multibagger target initiated previously

Now @ 20.26

MCX above 44118 Likely to test 46010 before crashing to 42076 

If violates 43545 watch for 42707 - 42454

Now @ 44006

Gold - XAUUSD Daily & 4 hours trend bullish

Support @ 1290 watch for 1286 below that likely to test 1278 - 1268 , However if respects the support then prices are likely to bounce till 1302 - 1306 levels

Now @ 1292.6

Range : 1286 <<===>>1306

Gold - Nymex - Weekly

Best buy & support @ 1296 (current resis) actual resis & best short level  @ 1302 a break above 1310 upside target capped @ 1328 - 1336 however below 1288 downside @ 1276 - 1268

Daily technical showing upward momentum but weekly is firm bearish - hence the strategy is - Early week a pop then a drop 

Gold Positional / Near term trading Levels & Strategy – 04 Jul 2014

LONG TRADE		SHORT TRADE
BEST BUY LEVEL		BEST SHORT LEVEL
1306.0		1322
BUY TARGETS		SHORT TARGETS
T1 = 1372		T1 = 1256
T2 = 1388		T2 = 1240

Best Buy & sup @ 1306 (current resis) Actual Resistance & best sell level 1322 a break above 1338 upside capped @ 1372 – 1388 (we have completed this upside course in march) A crack below 1290 downside target @ 1256 – 1240 (which is yet to fill)

The above pattern is continuation of previous 1388 pattern 

“1388” Sell Pattern – hope some of you remember our sell call which hit pip of our best sell level 1388 from 1369 & collapsed to 1308??

The three month old established trend is likely to persist - continue and complete its course in near term @ 1240

Why??

Once a trend is established it tends to persist and to run it’s full course. - George Soros 

When a long-term trend loses it’s momentum, short-term volatility tends to rise. It is easy to see why that should be so: the trend-following crowd is disoriented.

When there is a twist, We have been the best!!

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The week ahead Commodities - forex - indices mcx - nymex strategies will be updated shortly

MCX Silver

Sell @ 44520 target 43785  - 43610 stops above 44696

Now 44480

USDINR above 61.16 likely to test 62.35 - 63 above that?? Its our multibagger number

US Dollar Index Breaks Out 81.60 - What for USDINR?

Support @ 60.66 - 60.92 Target 61.56 - 61.94