Bullion experienced a sharp correction last week between 29th and 31st October 2014. Gold made a low of 1,161 while Silver made a low of 15.80. In this time frame, Gold and Silver can have a bounce back (especially from 4th to 10th November 2014).Gold can have a positive move of 40-50$/Oz while Silver can have a positive move of 1$/Oz.
On 3rd and 4th, volatile to bearish trend is expected.From 4th’s US opening, trend reversal shall start.
On 5th, trend is positive for precious metals.On 6th as well, bullion shall trade positive.
ON 7th, volatile trend is expected.On 10th November 2014, a good positive move could be seen.
For this week, with stop loss of 1,140 & 15.00, long small quantity of GOLD & SILVER on dips.
It is advisable to exit from long position on 10th November 2014 as 11th-12th November 2014 are negative for GOLD & SILVER.
Bullion shall move in a positional bull trend from 17/18th November 2014, which would continue till year-end.
By Mid-Feb 2014, Gold would cross 1,400$/Oz while Silver would cross 21.00$/Oz.
The positional positive move shall be starting from 17th November 2014.
IMPORTANT NOTE: BUY BULLION AT ?th’s US opening.———-
NG shall trade in gradually positive side.
From 18th November to 10th December 2014, a highly bullish trend shall be seen in price of NG.
NG can cross ?.00 in this time frame.
Stock market shall be overall highly bullish till mid-December 2014. In this time frame, S&P500 can cross 2,100.However, the current week provokes volatility & correction. S&P500 in this week, can drop to 1,960 or below.Correction is especially seen on Thursday and Friday.Ups and downs shall continue. By Friday, correction may be seen. It is advisable to stay conscious of the market & make long position at lower levels.
On Monday, weakness is indicated.On 4th, global equities can experience positive trend.
On 5th again, markets shall experience weakness.
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