GOLD CONTINUES TO BE BEARISH AND SHOULD REMAIN SO FOR ANOTHER WEK OR SO AND AFTER THAT MAYBE IT SHOULD CONSOLIDATE. THE IMPORTANT QUESTION COMING TO EVERYONE'S MIND IN THE OVERTLY BULLISH FEELING FOR GOLD ARE THE LEVELLS. WHAT LEVELLS TO GO LONG ?? I CAN SAFELY SAY THAT ONE CAN ENTER AT $ 540-550 AND THEN AT $520.00 IF THE BEARISH CURRENT IS TOO STRONG.ON THE UPSIDE WE COULD SE A RELIEF RALLY TO $ 607-615 RABGE.
FOR TODAY WE COULD SEE GOLD HOLDING ITS CURRENT LOW OF $586.10, ANY SLIDE FURTHER COULD SEE A CRASH OF 20-25 DOLLARS. WE HOPE TO SEE CONSOLIDATION ON FRIDAY. US KEY FINANCIAL NUMBERS ALSO FAILED TO ENLIGHTEN GOLD. WITH LOWER ENERGY PRICES WE COULD SEE GOLD TO KEP ON FALLING IN THE RATION OF ONE DOLLAR IN CRUDE TO 8-10 DOLLARS IN GOLD. ANYWAYS THE MOST IMPORTANT FACTOR IS TO SEE OR RATHER READ THE MINDSET OF THE RETAILS INVESTORS. ACCORDING TO MY SURVEY I SEE THAT WE COULD SE RETAIL SELLING IN THE RANGE OF $583 CONTINUING TO $570 WHICH COULD BRING DOWN GOLD TO OUR DESIRED LEVELLS OF $540.00. SELL ON SPURTS WITH STOP LOSSES.
SILVER DOES NOT HAVE ANY STORY OF ITS OWN..ONLY TECHNICALS. IT KEEPS ON FOLLOWING GOLD AND ENERGY AIMLESSLY. BUT WE SE A GOOD TECHNICAL SUPPORT AT $1185 WHICH IF BROKEN WE COULD SE 1134-1138 LEVELLS. SILVER IS IN THE MEDIUM TERM VERY VERY BULLISH SO DON'T LET THE CURRENT TREND CHANGE YOUR BULLISH FOCUS. FOR INTRADAY WE COULD BUY AT $1102-1104 WITH SL BELOW 1098.
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