Analyzing Silver’s Market Movements: Navigating Potential Uptrends and Downtrends with Time Cycle and Technical Analysis
Continue readingSilver Trends: Time Cycle & Technical Insight
Continue readingContinue readingMCX GOLD & SILVER – Trading Insights & Update
MCX Gold Technical Analysis: A U-Turn in the Control Channel Signals Potential Targets
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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
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.
Continue readingSilver Price Analysis: Exploring Resistance, Control Price, & Volume Dynamics
Examining the Parallel Channel and Resistance Levels for Short-Term Traders
Upon analyzing the chart, it is evident that silver has been trading within a parallel channel for almost a year, indicating a well-defined price range. In the previous trading session, the price of silver reached the resistance line of this channel. For short-term traders, a critical resistance level to watch is 74060. If this level is not surpassed convincingly, it could lead to a potential downturn towards the control price (CP) line. It is worth noting that silver has yet to test the CP line and the 100-day moving average (MA) successfully.Continue reading
