Dear Members,
As per our weekly newsletter we expected the markets and commodities to go down on Monday, and we also mentioned that a sharp recovery would take place in the USA Market on Tuesday, so let’s see whether the recovery comes or not. We also recommended booking profit in the markets on the higher side on Tuesday.
For the last two weeks we have been recommending staying on the sidelines in the global markets until the first week of October, so either take short term positions or stay away and keep cash on the side to buy aggressive long positions. One must watch our predicted levels in the Weekly Newsletter and Daily Flashnews. We are holding most of higher side targets for 2021.
Metals held value on Monday which is great news. Stay long in metals but wait as Gold and Silver must close above the important resistance levels to confirm a short-term bottom. Our important short term Astro support levels were $1742 for Gold and $22.28 for Silver.
Stay away from Base Metals, and even though we mentioned that they will rebound today in our Daily Flashnews, Wednesday could be a tough day.
In our weekly newsletter we recommended selling aggressive positions in Dollar on Thursday so watch this prediction closely.
UVXY at $24.00 is a good buy for the short term as a hedging trade.
Many stocks are on our radar, and we may recommend acquiring aggressive long positions in the coming time, after a few weeks.
Thanks & God Bless
Mahendra Sharma