Mcx Gold Again All Time High possible ???

[santhosh2010]

gold13decfut-mcx made high : 31023

 

[coolnits]

what about silver ?
i have one lot @51000.

 

[ashu1234]

what about silver ?
i have one lot @51000.

I'm expecting downside, 22.51 cmp at comex, will touch 22.40 and break of it ultimately to 22$. on mcx might test 48500. for upside needs closing above 22.70(btw trend is still bullish, just keep an eye on close below 22.40$ comex)

 

[santhosh2010]

gold $ made high : 1361.52

 

[coolnits]

is it time to invest in gold ?
is it taking correction now??

 

[ashu1234]

I'm expecting downside, 22.51 cmp at comex, will touch 22.40 and break of it ultimately to 22$. on mcx might test 48500. for upside needs closing above 22.70(btw trend is still bullish, just keep an eye on close below 22.40$ comex)

48500 completed as unable to close on 22.7(did gave a spike but didn't sustained)
Silver downside target from here 20.5.

 

[coolnits]

@ ashu1234
sir then what will you advise me about my position in silvermic buying @51000 and @50000 ? what should i do m2m or exit by taking loss ??

 

[shashikumarnashik]

Any reasonable charts for silver and gold.

 

[Klewtar]

@Ashu, for the red and blue line, what moving average settings are ya using?

 

[ashu1234]

@ ashu1234
sir then what will you advise me about my position in silvermic buying @51000 and @50000 ? what should i do m2m or exit by taking loss ??

Hi,
sorry for late reply, was travelling....on mcx price is still supported to some extent by usdinr, for now exit would be better if you could get rates above 48500-49000 or better exit in the morning coz from here it could drag drastically. Go long only above 21.85$ daily closing basis for now its a short.