Thursday, November 14, 2024

Commodities #silver #Gold


Commodities not sustaining, 

Silver break 88000 level , which is crucial for longs 

But comex continuously sell side 
Also comex breakdown 

Looking at charts silver fall can continued till 83000-80000 

Fall will be sharper as volumes are high 


IF YOU ARE STUCK WHICH MOST LIKELY THEN , 
Then small lots are good here to Hedge so loss will be in control 

Expiry also near so Trade in next contract 

Analysis failed this time 


Always Remember silver selloff are very sharp won't give chance to think 


Looking at Gold ,
Similar view , but won't get entry or stoploss 

Possible to fall 70000 level 
Cmp 73600 


Base metals are also in selloff

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