PLS NOTE : All chart analysis posted above are the author’s own idea of trading for educational purpose only & not any form of advice or recommendations or opinion to anyone
NICKEL : Aggressive Uptrend is seen in Nickel from last few weeks.
As shown in the Price Chart our view for NICKEL is absolutely bullish.
We can see the short term support area of 704 around for buying signals on any time 1H , 4H or Daily time frame.
GOLD : We were expecting some downside correction in Gold , But Price exploded so aggressively towards upside.
As we have already achieved ours three bullish rallies in the month of july 2017.
Again we are expecting a good bullish move.
We can take a long entry around 29250 with a stop loss of 28700. As the stop loss is big , we can find an opportunity to buy it at some low price after a downside pullback to reduce the stop loss.
We can expect 1;2 risk reward for this trade.
Silver : As seen the price chart silver shows clear bullish trend.
We can ride with this trend. We would prefer a bullish entry at around 39500 with a stop loss of 38300 .
As the stop loss is big we can wait and find an opportunity of downward pullback to get long in order to reduce the stop loss.
We can expect the target of 41000 in coming weeks.
LEAD : We can see a clear Head and shoulder pattern created in LEAD.
Price is at the breakout point at right shoulder.
We can enter into this pattern after a retest. We can see how price behaves here at 148 area. We should get a bearish rejection at this area.
However we would prefer to make it short if Price breaks 146.50 with a Stop Loss of 150.90
we can expect price can touch to next key support area of 140 in coming weeks.