GOLD: The above is hourly chart of Gold. It
suggests that prices are showing positive divergence on RSI. Hence, prices are
expected to erase last 2 day's losses. On the downside, immediate support is
located at 29200 levels.
Call: Buy around 29330
levels with a stop loss placed below 29200 levels for target of 29495 levels
SILVER: The above is hourly chart of Silver. It
suggests that prices are taking support near 61.8 percent Fibonacci retracement
levels. Momentum indicator RSI is expected to recover back on the upside. It
has potential to retest 37370 levels. On the downside, immediate support is
located at 36510 levels.
Call: Buy around 36850 levels
with a stop loss placed below 36510 levels for targets of 37370 levels
CRUDEOIL: The above is hourly chart of Crude Oil.
It suggests that prices are trading in sideways zone. On the upside, immediate
resistance is located at 2595 levels. Prices are expected to touch lower
Bollinger band level located at 2593 levels.
Call: Sell around 2558 levels
with a stop loss placed below 2595 levels for targets of 2493 levels.
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