Gold shorts at 1301/03 stopped above 1305 to target 1308/09
Commodity Online | April 10 2019
UPDATED 11:36:11 IST

The battle for investment relevancy

The phony wealth effect and Gold

Precious 'Mettle'

Silver poised for a breakout

Precious Metals expert Rick Rule shares 'Gold nuggets of wisdom'

By Jason Sen

Gold shorts at 1301/03 stopped above 1305 to target 1308/09 then minor resistance at 1312/13. A break above 1314 is a buy signal initially targeting 1319/20.



Good support at 1303/01 but below 1299 risks a slide to minor support at 1294/92. Important support at 1284/82. Longs need stops below 1279.

Silver topped exactly at our selling opportunity at 1532/35 with stops above 1540. A break higher is a buy signal targeting 1548/49 then 1555.

Holding below 1530 risks a slide to 1520. Below here targets 1505 then the March/April low at 1496/88. A break lower targets 1485, 1475/72 perhaps as far as 1465.

Courtesy: Day Trade Ideas

 

 

Commodity Arrivals Rate
Mustard Oil 220 9000.00
Coconut Oil 1 16800.00
Arecanut 45 23500.00
Sugar 426 3232.00

More

×