This week gold may jump up to 38460. The current trend can drag the gold prices up to 37700 – 37560 – 37400.
Weekly outlook
Trap levels: 38600 – 38700
This trap level can unlock 39000 – 39260.
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As per the above chart, copper seems down for a short period. Wait for the tail and jump for 439 – 438.6 – 438 levels.
Don’t forget the hurdle (red line). This hurdle can influence the copper price up to 442.
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Gold is still performing as per our technical analysis. We recommend reading the last report of Gold for this week: These Charts Will Confirm MCX Gold & Silver Next Move
In the above link, we have updated two silver targets after an upper breakout. Those targets have achieved successfully. Approximately 1500 points profit/lot.
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Key: $18.180
A breakout of $18.180 levels will hike the MCX silver prices. Silver futures (CFD) can jump up to $18.240 – $18.310 – $18.400+.
Note: the closing price below $18 (into an hour candle) will end the uptrend for the short-term. Next? What will happen? We’ll update it soon for the premium subscribers.
Gold prices are moving as per my chart update since August month. If you missed, read the following calls.
The gold is following the lower trendline since March 2019. See the below chart:
A clear picture of Gold Trend is here:
Here is the key of Gold 400 points (Rs.40,000/L).
This silver chart not required to explain. It’s itself answer for a smart trader.
Upper breakout: 46400 – 47000+
Trend continuation: 45000 – 44600 – 43000 below
Here’s a clear insight of silver for intraday traders:
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Click here > Silver Intraday Call
Our all target has come of Silver Dec call. What else you want?
Look at the following screenshot, how our subscribers traded:
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