Friday, 5 September 2014

Gold rate underpressure after US JOB data, buy base metal today


comax gold was down after US job data , mcx gold down below 27500 and mcx silver below 42100, on comax gold was $1271 while silver was $19.177, 
 
as positive job data affected commodity bullion, gold should be down below 27000 nex week so trader can short above 27500 will sl of 27750 target below 27000
Base metal trend: nickel made high 1180 , if Europe market trend positive then demand of nickel increase so prices will touch 1310 soon .
Keep stoploss of 1155 buy above 1170 with tarhet 1180/1190/1300
sell crude oil 5730 target 5700/5680 stoploss 5760

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