Dear Members,
Today buying recommendations in precious metals and base metals recommendations have done well, now another one percent higher side is pending as our target was $1828 and silver $27.25.
We also predicted bottoming out of all major market today.
Grains and softs to remain on fire.
Currencies will cat mix.
Energy prices will remain mix and wait for tomorrows flashnews and next weeks weekly newsletter.
Here are the trading strategies and ranges for Thursday:
On Wednesday metals traded mix but we recommended buying as Thursday we see positive trend coming back in precious metals. Also base metals will hold value and mining stocks will remain demand. Stay long in JNUG and NUGT.
Copper and Nickel looks positive. Lead, Aluminum and lead will remain in the mix directions. Our day trading ranges are working very well so focus on lower side level when you want to add positions.
The important short term astro support is $1771 and Silver $25.65 on higher side the astro resistance level will be $1828. Silver’s Astro support level will be at $27.25. Platinum astro resistance will be at $1289 and support at $1172.
Copper’s astro resistance will be at $471 and support at $433. Palladium’s astro resistance will be $3043 and support at $2735. Other base metals like ZINC, NIKCEL, Palladium may move even higher as the astro cycle is positive for metals.
Thursday’s Astro combination recommendation – On Thursday we recommend aggressive buying in precious metals around lower side as our daily ranges working amazingly well so take long in metals and mining stocks. Higher side hold can test $1828 and silver $27.25.
Thursday’s trading range: (May 2021 future contract):
GOLD: $1798.00 to $1778.00 (Spot: 1799 to 1779)
SILVER: $26.78 TO $26.19 (Spot:26.77 to 26.21)
COPPER: $456.95 TO $448.10
PALLADIUM: $3000.00 TO $2955.00
PLATINUM: $1251.00 TO $1112.00
This is what we stated in our weeks weekly newsletter.
Here is this week’s Newsletter from the 3rd to 7th of May 2021:
GOLD/SILVER/BASE METALS
Last week Metals performed as predicted, and this week the most crucial time is starting in metals. This week is the most crucial one for metals, and we expect them to trade mixed. On the higher side selling pressure will be witnessed so remain a short-term trader during this week, without making any aggressive moves. Gold will continue to struggle to close above $1796 to $1836, so keep both these levels in mind, and Silver $27.15 on the higher side. On the lower side Silver will hold $25.16, and Gold $1755-$1741.
Here are the Astro Combinations for this week:
On Monday the Astro combinations are mixed, and on the higher side some selling pressure may come in precious and base metals. Mining stocks will trade mix.
On Tuesday the Astro combinations are still mixed, so follow our daily trading ranges mentioned in the daily flash-news. I recommend trading in and out in precious and base metals.
On Wednesday some selling pressure will come in precious and base metals, so stay away from any buying.
On Thursday we are recommending buying aggressive long positions in precious and base metals around the lower side as from the US trading session, precious metals and mining stocks will start moving higher.
On Friday a positive trend in precious and base metals, along with mining stocks will continue so stay long.
IMPORTANT NOTE: Precious and Base metals must close in the green on Thursday and Friday. If they don’t, then it will be very negative news, so I will be watching them very closely during both these days. If precious and base metals remains positive from Monday to Wednesday that will be also positive news for the short term.
Golds astro support level will be at $1761, and on the higher side the astro resistance level will be $1828. Silver’s Astro support level will be $24.38 and astro resistance will be at $27.25. Platinum astro resistance will be at $1265 and support at $1112.
Base metals are on fire. Copper’s astro resistance will be at $471 and support at $433. Palladium’s astro resistance will be $3043 and support at $2735. Other base metals like ZINC, NIKCEL, Palladium may move even higher as the astro cycle is positive for metals.
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Thanks & God Bless
Mahendra Sharna