COMMODITY VIEW FOR 26TH MAY #GOLD #SILVER #CRUDE

Namskar dosto !

GOLD - GOLD COMEX take the resistance at the 1869-68$ and reverse from the top now the range is 1869$ to 1844$ & 1831$
       as I said in Previous 1848$ there will be a short side move will come or it can continue . today from the morning Gold starts  correction and made a low of 1841$ recently
IMP. DATA-  FOMC MEETING MINUTES at 11.30PM on 25th may
     on 26th may US GDP Q1 NO. will came out & also INITIAL JOBLESS CLAIMS will be out at 6 PM

Current View - is bearish And also biased view bearish here below 1848$
               view will go wrong above 1855-57$ only
               Below 1831$ will see clear downside of 1818$
TRADE ONLY IF STOPLOSSES ARE MANAGABLE

IN GOLD MCX Support - 50500-400
            Resistance - 51050-51150  ( short already continues from the 51000 levels )

SILVER - Silver in a range of 21.67$ to 22.11$ and
         below 21.66$ clear short will be made
Current view - no fresh trade here

IN SILVER MCX below 61200 clear shorts will be made
support - 61400-61100
Resistance - 62060-62250

CRUDE - Crude Inventory was out today at 8pm
moved only beteen 108.5$ to 111.5$

support - 8460-80  
resistance 8670-80

current view - slightly positive


PLEASE LEAVE A COMMENT IF YOU LIKE IT 

FOR CHARTS VISIT YOUTUBE https://www.youtube.com/watch?v=1lFvwnmfkZM