This week COMDEX index increased just +29.79 (0.92%). Gold and silver are walking opposite direction. Crude oil becomes top gainer and gained 4.52%. All metals are going down! What happening?
Let’s we go in deep!
Look Broad-Based ETPS Heatmap →
That’s clear proof why COMEX Gold & Silver futures are increasing. This heatmap is also answering why our energy sector commodities are top gainer for this week. But what happened last week with MCX Gold & Silver, you must check below chart:
You can figure out how bullion commodities are moving but below chart will take you in deep:
Above chart is indicating if gold will close and go down to 28450 level then it can drag down up to 28300 – 28100 levels. And if it will close below to 27980 level then you can guess what will happen!
But if gold will remain above to 28450 level then we can see 28800 – 29000 in upcoming days.