PRECIOUS METALS
Since 11th June 2014, we have been asking investors to long bullion. 1,318 was the high GOLD made last trading session while Silver’s high was 20.80.Our targets have been successfully achieved.
Bullion is overall bullish till 24th. However, volatility shall increase from the day. It is advisable to buy bullion on dips.
You are advised to book profit in long position first and then make fresh long position on dips (but when???).
From 10.30 HRS IST to 16.30-17.00 HRS IST, bullion may experience some profit booking. Before US opening, recovery shall be seen in price of Gold and Silver, which would last till late US hours. On Monday as well, opening is expected to be positive.
Between 25th & 30th June 2014, correction may be observed. It is advised to make long position on dips there as the bull cycle for bullion has already started.
Next 2 -3 months are bullish for bullion. Overall, this bullish cycle will last for one year.
Leave a Reply