Asian Metals Market Update for 21st February

February 21, 2025

Ukraine peace talks and related developments will impact the trend of precious metals and base metals. Momentum and sentiment are bullish for gold and silver. Copper is getting support from positive news from China. Most hedge funds have increased targets for Chinese stock indices. There is a sense that the stalled Chinese property sector will start to grow this year. There are more positives for non-ferrous metals than negatives. We just might see merger-acquisition-demerger activities globally in metal corporations. This could be the hottest space for investment.

March month will be a real test for the continuation of the short-term bullish trend in gold. February nonfarm payrolls on 7^th March, followed by a Federal Reserve meeting on 19^th March, and quarter-end position squaring and rebuilding will test the short-term bullish trend in gold. Silver’s demand fundamentals make me prefer to use all the price corrections (in March month) to invest. A lot of so-called “Trump Trade Wars” clarity will be there. The economic impact of the “Trump Trade Wars” will be clearer.

My suggestions will be to avoid taking excessive risks on short-term trades and intraday trades. Sit on cash. Use breakout and breakdown technical trading strategies (with strict higher trailing stop loss) for trades and short-term investments. March till mid-April will give ample profit-making opportunities to short-term investors, day traders, and medium-term investors. It is all about risk-taking! Isn’t it?

CME GOLD APRIL 2025 – Current price $2945.50

Gold April (2025) has to trade over $2939.00 to be in an intraday bullish zone and rise to $2973.10, $3001.00, and more.
A mild sell-off will be there if gold April trades below $2939 today.
Key intraday support in case of a sale is around $2922.00.
Views are intraday.

Disclaimer

The investment ideas provided is purely independent view point and are solely for collective learning and for academic interests. There is no commercial benefit accruing or have deemed to accrue to me out of providing such investment ideas.
The investment ideas shared here cannot be construed as investment advice or so. If any reader is acting on these advices, they are requested to apply their prudence and consult their financial advisor before acting on any of the recommendations made here. I am not responsible to anybody in the event of profits and losses (if any) upon acting on such advice.
I hope that our reader is aware about this well aware of the risk involved in trading in commodity derivative trading.

Disclosure: I trade in India's MCX commodity exchange. I have open positions in India's MCX commodity future. I do not trade in CME future or OTC spot gold and spot silver.

NOTES TO THE ABOVE REPORT