Dear Members,
Last night week metals traded very volatile on both sides. On Tuesday metals lost a big value and almost tested our first predicted targets of lower side of gold $3800 and silver $45.00. We are still expending both these metals holding these levels but closing below this levels for three days will confirm end of bullish trend in the medium term. Base metals also acted mixed but good news that most of base metals held value.
This week silver will outperform so watch silver trend closely.
On Monday metals is expected to act positive, so lower side buying is recommended in USA trading sessions. Gold may act very volatile, because China end the tax break benefits for buyers. Gold could open lower, but late USA trading sessions we are recommending buying in precious and base metals.
USA market acted mixed last week, it was mixed Astro well and we expected profit booking which happened. Large mega earning didn’t disappointed investors. FED meeting went well as well as Trump and Xi meeting sailed through without any major drama. Markets wanted stability and they got it.
This week many of our top favorite madcap stocks will announce a learning and I see they putting amazing results so great time to make money. On Tuesday, ALAB, ANET, TEM and AMD will announce earnings and all these stocks will make hubs some gains. On Monday UUUU and PLTR will announce earnings and expect them to perform well, but they are in our long term buying list. We are recommending buying aggressive long positions in stocks on Monday and Indexes on weakness or in lower sides.
On Wednesday and Thursday many of our favorite stocks will gain handsome value, wait for update on middle of trading session on Tuesday.
The US Dollar gained handsome value, we are recommending buying more long positions in USD on weakness l. One can book profit in USD at 100.25 and 100.65 levels.
Energy, and softs will struggle. Grains will witness profit booking. Thirty year will b good buy on Monday.
Crypto has been losing value, wait for few more weeks before you add aggressive long positions. I will update on right day to buy crypto.
Thanks & God Bless
Mahendra Sharma