GoldM Outlook for the Week :
Value Areas : VAH-29295, POC-29246, VAL-29197
Based on the GOLDM Weekly Profile chart, the VAL of last and this week has been protected till now. Gold for the week closed just around VAH at 29285, where we see the highest concentration of Volume.
Based on the above a long can be created at 29295, with SL just below 29180 (on hourly closing basis) for Target of 29545 and above.
SilverM Outlook for the Week :
Value Areas : VAH-52903, POC-52727, VAL-52551
Based on the SILVERM Weekly Profile chart, it consolidated within the previous week's range with 2 dips coming around the Previous weeks VAL being bought into. SilverM for the week closed just below VAH at 52888.
Based on the above a long can be created at 52905, with SL just below 52725 (on hourly closing basis) for Target of 53177, 53308.
Value Areas : VAH-29295, POC-29246, VAL-29197
Based on the GOLDM Weekly Profile chart, the VAL of last and this week has been protected till now. Gold for the week closed just around VAH at 29285, where we see the highest concentration of Volume.
Based on the above a long can be created at 29295, with SL just below 29180 (on hourly closing basis) for Target of 29545 and above.
SilverM Outlook for the Week :
Value Areas : VAH-52903, POC-52727, VAL-52551
Based on the SILVERM Weekly Profile chart, it consolidated within the previous week's range with 2 dips coming around the Previous weeks VAL being bought into. SilverM for the week closed just below VAH at 52888.
Based on the above a long can be created at 52905, with SL just below 52725 (on hourly closing basis) for Target of 53177, 53308.
GoldM gave very good return, made a high of 29855 a gain of 560 points...
ReplyDeleteSilver also hit both Targets...
SilverM made a high of 53618 :) :)
ReplyDelete