RESEARCH REPORT – MCX SILVER, GOLD & NATURAL GAS

MCX SILVER – Bull Victory

Did you take a trade based on the MCX Silver price action breakdown?
Click here: MCX Silver: The Path to 1,11,000 or a Dip to 80,000?

We had written clearly, “Short-term targets could be 95960-98160-99600. After the breakout, we can see a massive move up to 1,11,000“.

Timeline:

[16 April 2025]

• 12:45 PM: Price hit the first target of  95960.

[29 April 2025]

• 02:00 PM: Price reached the second target of 98160.

[2 June 2025]

• 06:45 PM: Silver touched the second target of 99600.

[18 June 2025]

• 02:25 PM: Price made a new high of 109,692.

[11 July 2025]

• 11:00 AM: MCX SILVER hit the final target of 1,11,000.

If you have traded this setup, you could have accumulated more than 18,000 points.

MCX Natural Gas – Is Wave (E) Bottoming Out?

Timeframe: Daily
The MCX Natural Gas daily chart shows a detailed Elliott Wave correction pattern labeled A-B-C-D-E. Currently, prices are around ₹285.9 and appear to be in the final leg of the correction — wave (E). This wave is expected to find support near the ₹258–260 zone, which aligns with a previous low at ₹259.8 and lies close to a marked demand area below ₹244. This zone could act as a strong support level, indicating that the price might be nearing the end of its downward phase.

Once wave (E) completes around this support area, a bullish reversal is expected as per Elliott Wave theory. The chart suggests a potential bounce, targeting the following levels 275 – 300 – 320 – 350 in the medium term. This move would align with a fresh, impulsive wave upward.

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MCX GOLD – Premium Setup