Mr.Dev (s)

One of the few non-biased certified advisors that one correctly called the current bull/bear market before it began. And to have positioned their clients accordingly. As a result of their accurate forecasts in the commodity and forex markets, they are becoming increasingly more renowned. They(he) had been quoted in many newspapers as Mr.Dev(s) and highly recommended by local financial newsletters & advisory services. Most of them have been working since the 1997 year. Mr.Dev also is the founder of Forex account management services on Moneymunch.com.

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EWT: CADJPY Preparing for 93.84

free forex cadjpy currency calls

Price has completed the C leg of corrective wave Primary ((4)), and the price will march for impulsive wave ((5)).

Wave Formations:

Wave ((1))

– Leading diagonal
– Formed on extreme low
– Termination sub-wave 5 is smaller than 3

Wave ((2))

– Zigzag
50% of wave ((1))
– Ended near the sub-wave 4 of an impulsive wave.

Wave ((3))

– Impulse (Five wave moves)
– Extended 2.618% of wave 1

Wave ((4))

– Running triangle/running flat
38.2% of wave ((3))
– Ended above wave (b)

Wave ((5))

– Wave ((1)) was a leading diagonal, so wave ((5)) can’t form as a diagonal. It will be an impulsive wave.
– Wave 3 can end near 161.8% of the 4th wave at 93.492.
– Wave 1= Wave 5 at 93.765
– Wave 5 can complete after touching the parallel channel at 93.849.

We can expect the following targets: 91.46-92.29-93.849

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Don’t Get Yourself Into a Bull Trap With MCX Gold

free commodity gold tips daily chart

Key levels: 47948 – 49290
Gold is rejecting uptrend and downtrend at the level of 47948. And we don’t see a powerful movement in the 2021 year, wherein it throwout the level of 49280 successfully.

Here, you will have a strong support level, wherein we may decide about buying or selling. And it is the level of 47948. Intraday traders can keep buying the gold for targets of 48360 – 48640 – 48890 – 49280 until it remains above the level of 47948.

But, if you see a breakout of the first ‘key’ level, then sell it for the targets of 47480 – 47060 below.

Buyers must be aware these days. Why?
The gold prices may push down with power compared to an uptrend because of Coronavirus (Omicron).

For advance traders, watch significant releases or events that may affect the movement of gold, silver, crude oil & natural gas:
Tuesday, Dec 28, 2021
20:30 CB Consumer Confidence (Dec) – High Impact

Wednesday, Dec 29, 2021
03:00 API Weekly Crude Oil Stock – Medium Impact
21:00 Crude Oil Inventories – High Impact

Thursday, Dec 30, 2021
19:00 Initial Jobless Claims – High Impact
21:00 Natural Gas Storage – Low Impact

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Gold Spot (XAUUSD) Time for Consolidation & Lower Volatility

free commodity gold xauusd daily & hourly chart tips

Click on the chart to enlarge

See the above chart wherein I have used the Gann Angles as support & resistance. As per the rules of All Angles, when the stock price breaks an Angle, it will rotate to the next Angle. Gold Spot is under a downtrend until the breakout of 8/1.

But that’s all about the long-term view. If you see the above Gold Spot’s hourly chart, there are two supports. And if XAUUSD repeats the game of excess & tail, then the downtrend will begin.

Hence, be ready for the levels of $1752 – $1726 – $1680 below.

Gold Spot can hold the downtrend by staying above 4/1. If it happens, then we will see $1830 – $1860 – $1900+ levels.

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Crude Oil Elliott Wave Cycles Point More Upside

free commodity crudeoil daily chart tips

Price had made an extreme low at 795 on 20 Apr ’20.
It had started a quick recovery after an inviolable bottom-out. Due to bearish sentiments and no evidence of the verified bottom, it had constructed 2nd wave correction. The second wave retraced 38.2% of wave 1, which indicates a sturdy bull trend is ahead!

The acceleration phase lasted for 246 days and, the Fibonacci extension of wave 3 was 161.8% of the wave.
The public participation increased when the price had broken up the high of the first wave. It has the signal for bulls that crude was likely to make a new high.

After the acceleration phase, the price has corrected the bull phase with a double zigzag. It had retraced 38.2% of wave 3.
This correction was sharp in comparison with 2nd wave.

According to the above chart,
Wave 2 has taken 89 trading sessions to correct wave 1.
Wave 4 has taken 45 trading sessions to correct wave 3.

Wave 4 was a surprising disappointment for the bull traders.

Here, wave 3 is not a power extended because it hadn’t moved across wave 1.618% of wave 1.

According to the Elliott wave principle, commodities are more often extending at the 5th wave.

Currently, the price has made a new high of 6428.
Price has entered the corrective phase.
It is constructing the 4th sub-wave of the impulsive wave ((5)).

There are two possibilities,
1. If the price breaks the parallel channel, we can expect 50% to 61.8% retracement for wave 4. Be aware of the fake breakout!
Remember, entry is also not possible without an exact reversal signal.
Caution: Wave 4 can never overlap the starting point of wave 1.

2. Price is on the control line of the base channel.
The safe trader can enter the buying position when price breaks the wave B.

Premium subscribers should not worry about entry-level or time. They will get accurate entry-level, stop loss, and targets through our mobile app.

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MCX Gold & Crude Oil: Downside Risk?

free gold 4hour daily chart tips

Update 2: Gold Price Slowly Going Upside

Did you read the previous report of MCX Gold? If not, click the below link to read it.
Unlocking The Next Targets of MCX Gold, Crude oil, & Aluminium

I had written, “Key levels: 48113 – 47616
MCX gold has been moving under the range of 48113 – 47616. It’s a very crucial point. We may see a continued uptrend ahead if it breaks and close above 0.382 retracement level. That can be up to 48260 – 48490 – 48600 – 48700“.

Gold has taken a reversal after hitting the first target. Do you think it will go upside from here? Only premium subscribers can read the full report.

Update: Beware, Crude Oil Bulls – That’s the Beginning of the End

commodity crude oil tips signals
First, click the below link and read the full crude oil report.
Unlocking The Next Targets of MCX Gold, Crude oil, & Aluminium

Here I had written in clear words, “Crude oil may keep running upward for the levels of 6360 – 6500+. To maintain an uptrend, it has to crossover the hurdle level of 6290 by closing above”.

It has touched the first target and bounced off to entry-level again. MCX crude oil will keep moving forward until kick at the last TP.

→ Diwali’s special offers: Get up to 40% OFF on MCX Plans (LIMITED TIME OFFER)

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Unlocking The Next Targets of MCX Gold, Crude oil, & Aluminium

free gold 4hour daily chart tips

Gold Price Slowly Going Upside

Key levels: 48113 – 47616
MCX gold has been moving under the range of 48113 – 47616. It’s a very crucial point. We may see a continued uptrend ahead if it breaks and close above 0.382 retracement level. That can be up to 48260 – 48490 – 48600 – 48700.

And if it breaks down the 0.5 retracement level, then we may see 47496 – 47300 – 47160.

Kindly note, 47616 is strong support.

Beware, Crude Oil Bulls – That’s the Beginning of the End

crude oil tipsBarrier: 6290 level
Crude oil may keep running upward for the levels of 6360 – 6500+. To maintain an uptrend, it has to crossover the hurdle level of 6290 by closing above.

And if it breaks the level of 6060, then wait for my update.

Aluminium Is Going To Test Critical Technical Support Levels

MCX Aluminium is coming back to the strong support of 226.6. Be ready to jump on it.

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