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.
In the premarket newsletter, I had written in clear words, “As per the technical analysis, we will see the gold’s price at 32000. It’s the best time for the intraday traders. And we will see the gold petal’s at 3150 level soon. And also gold guinea will jump up to 25300 – 25500″.
MCX Gold has hit our target 32000.
Gold Patel also touched 3150 level target.
Gold Guinea has touched the first target 25300. Yesterday it made 25445 high and closed at 25336 level.
Update: Silver Is Up But Bears Still Have The Advantage
Hurdle: 31660 Gold’s last trading session candle is indicating a solid uptrend start soon after a reversal. As per the technical analysis, we will see the gold’s price at 32000. It’s the best time for the intraday traders. And we will see the gold petal’s at 3150level soon. And also gold guinea will jump up to 25300 – 25500.
Note: Reversal can drop the gold’s price below 31K level.
Silver Is Up But Bears Still Have The Advantage
For advanced traders, silver’s targets & turning points:38200 – 38560.
2 Signs Pointing To A Crude oil Rally
Crude oil price improved into last trading session. But it didn’t break the high of 3867 nor made a new high. That define, Bearishness has still existed.
MACD & RSA is indicating uptrend but SO turned into a downtrend. It’s pointing that high volatility and unpredictable price’s fluctuation waiting ahead.
If you’re planning to buy the crude oil for the short-term, wait for 3900 level. Intraday traders can choose this level as a hurdle.
Long position above 3900 with targets at 4000& 4100in extension. And below 3900 looks for further downside with 3700& 3600as targets.
Is Lead Finally Ready To Rebound?
Since September, lead is under the descending channel. Two consecutive closing price above the descending channel (DC) will indicate uptrend. And that can be up to 145 – 147 – 150.
If you look at the lead’s price into DC, sell it for 138 – 135 levels.