Commodity MCX / NCDEX tips

Discover our category for free expert commodity trading tips and insights on Indian MCX, NCDEX, and COMEX markets. Expand your knowledge with our collection of educational articles and research reports to enhance your trading skills.

MCX GOLD & SILVER – Trading Insights & Update

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MCX Gold Technical Analysis: A U-Turn in the Control Channel Signals Potential Targets

Have you traded MCX GOLD price action analysis?
Click here: MCX Gold Technical Analysis: A U-Turn in the Control Channel Signals Potential Targets

We had mentioned clearly, It is reasonable to anticipate potential price levels at 58660, 58360, and 58000 before the commodity resumes its upward trend.

Timeline:

[12 September 2023]

  • 04:45 PM – Price touched the first target of 58660.

[14 September 2023]

  • 06:00 PM – MCX GOld Touched the second target of 58360

If you have traded this setup, you could have made more than ₹63,300 / lot.

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MCX Gold & Silver Technical Analyses: Recent Trends & Upcoming Targets

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Free commodity gold daily chart and tips

MCX Gold Technical Analysis: A U-Turn in the Control Channel Signals Potential Targets

According to the above technical daily chart, MCX Gold futures in the Indian commodity market have recently reversed direction within the control channel. It is reasonable to anticipate potential price levels at 58660, 58360, and 58000 before the commodity resumes its upward trend. Stay tuned for additional updates and insights on the gold market.

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MCX Zinc: Bullish Momentum Ahead

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free commodity mcx zinc trading chart & tips

MCX Zinc Signals Potential Bullish Momentum with Clear Target Levels

MCX Zinc is currently right at its 100-day Simple Moving Average (SMA). Additionally, we’ve seen a positive crossover on the Moving Average Convergence Divergence (MACD) indicator.

Closing above the SMA 100 is significant, indicating a potential upward move with two target levels at 224 and 228 in the coming days. This is an appealing opportunity for short-term traders.

It’s important to note that initiating a position when the price is below the SMA 100 is not recommended due to higher risk.

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