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COMMODITY TIPS, CHARTS & UPDATES: Gold & Aluminium Bearish Move Won’t End Soon

  • Gold - Best for Intraday Trading
  • Aluminium Turning Points
FREE Commodity Gold Intraday charts
FREE Commodity Gold Intraday charts

Look at above chart, MCX Gold moving around the support 30610 level. Gold will test 30424 level soon. If it will break the support and stay below to 50% level then it may fall down up to 29900 – 29380 – 28760 levels below.

Keep in mind, don’t sell until it break the support (gold trend will stay up until breakout) or take some expert advice before investing. For intraday MCX Gold tips, subscribe our service.

So many traders send us emails for any recommendation on MCX Aluminium. I would like to say, aluminum buyer’s future is not bright for long-term. Look at the below weekly chart of Aluminium:

free aluminium weekly charts tips

Sellers will pull down aluminium if shows closing below to 110 level. Above 110 level, aluminium will stay positive but last weekly candle indicating Monday opening bell is very important for buyers and sellers.

Lookout below intraday chart of Aluminium:

FREE MCX Aluminium Intraday charts and tips

MACD and RSI throwing sell signals on daily chart but don’t take any risk until it break 110 level. If aluminium show closing below to weekly chart strong sell signal (110 level) then it will hit 105.5-103.3 levels soon.

This week important global economic events for commodity traders:

18 July

19.30: US Housing Market Index

20 July

14.00: UK Unemployment Rate
20.00: US Crude Oil Inventories (IMPORTANT)

22 July

05.20: JP Trade Balance (IMPORTANT)
07.30: JP Flash Manufacturing PMI
18.30: US House Price Index MoM

19 July

14.00: UK Core CPI y/y, PPI
18.00: US Building Permits, Housing Starts

21 July

13.00: German Flash Manufacturing PMI
13.30: EU Flash Manufacturing / Services PMI
18.00: US Unemployment Claims
20.00: US Natural Gas Storage (IMPORTANT)

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Mr.Dev, has been in the forex and commodity markets since 1997. He’s one of the few non-biased investment advisors to have correctly called the current bull / bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts on Indian commodity markets & currency, he is becoming increasingly more renowned. Mr.Dev has been quoted in many of the newspapers. He is a highly recommended technical analyst by many of the local financial newsletters and advisory services. He also is founder of commodity profit sharing service on Moneymunch.

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Subscribe to get daily FREE Commodity tips / Forex currency tips. Send email to Mr.Dev: [email protected] or you may call him on +91 903 386 2706.

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