Gold update 3/29

Gold interestingly poised with 50d SMA and trendline support. G-20 news will be the trigger for the next move from here.

CHK

US$ index

Inside bar reversal and support at fib level. We may have a small bounce from here.

Gold update 3/21

Gold’s inflation-driven rise this week has a lot of ppl discussing a new gold upleg. They are right, but they are late to the party. It started way back in the dark days of November when gold neared $700 range. However, few may disagree. Lets look at the charts for answers.
As you can see in this chart, Golds exceptional strength during the tough market months we’ve witnessed lately has made it one of the best-performing assets anywhere.
These are the postives for me -

Rising 200 D SMA
Nice parallel Uptrend channel in place
The channel has nice intra trend pullbacks of 8-9% which is very healthy

Above all, lot of people just want to short it,coz they have missed the ride.

I am long.

Silver 3/21 update

Just one word. Uber Bullish. Just let it take out $13.88/90 lvls. Surely headed higher to $14.50 lvls and higher.
I m long.

Crude update 3/21

Go bulls go!!!!!

Nifty Update 3/21

Drifting in a downward parallel channel. Wont be suprised we if head down during the Fno expiry week.