as I just posted in NCM this is a guide only for anyone drowning if it may help with strategy - don't shoot the messenger I have seen this person very very right and very wrong before
Precious Metals Bullion experienced a sharp correction last week between 29th and 31st October 2014. Gold made a low of 1,161 while Silver made a low of 15.80. In this time frame, Gold and Silver can have a bounce back (especially from 4th to 10th November 2014).Gold can have a positive move of 40-50$/Oz while Silver can have a positive move of 1$/Oz.
On 3rd and 4th, volatile to bearish trend is expected.From 4th’s US opening, trend reversal shall start.
On 5th, trend is positive for Precious Metals.On 6th as well, bullion shall trade positive.
ON 7th, volatile trend is expected.On 10th November 2014, a good positive move could be seen.
For this week, with stop loss of 1,140 & 15.00, long small quantity of GOLD & SILVER on dips.
It is advisable to exit from long position on 10th November 2014 as 11th-12th November 2014 are negative for GOLD & SILVER.
Bullion shall move in a positional bull trend from 17/18th November 2014, which would continue till year-end.
By Mid-Feb 2014, Gold would cross 1,400$/Oz while Silver would cross 21.00$/Oz.
The positional positive move shall be starting from 17th November 2014
