Gold and Silver : another move in the making

Today or tomorrow we get another chance to play a goo big swing move in gold and silver. Up or down, lets wait for it to happen.
 
Technical Views - Commodities 30th May 2011

MCX GOLD1
TREND : Gold is at a crucial juncture. Incase if gold can trade and sustain above 22550 then we can expect 22800. Else we turn bearish on Gold with first target of 22350 and 2nd target we will disclose later as the story unfolds on the charts. 300-400 points upside or downside movement is on the cards. For today trend decider is 22550
SIGNAL : Use buy signals for trades above 22550 and sell signals below 22550


MCX SILVER1
TREND : The trading pattern on the 60min charts is of consolidation and waiting to breakout for a 2000 point up or down movement. We build positional longs above 57750 and positional shorts below 57100.
SIGNAL : Use buy and sell signals of TDI BS for the day

MCX Crude1
TREND : Still consolidating, we are holding our longs with a SL of 4525. For today we advise you to go short only below 4525 and build longs above 4580.
SIGNAL: Use only Buy and sell signals of TDI BS
 

Your feedback and comments are always welcome. For any issues with understanding the newsletter content please mail us on info@topdataindia.com
Please Like US on Facebook
Please follow us on twitter @topdataindia
For a free demo of our TDI BS signals and other products please contact 9717555433 /466