Do you remember the XAUUSD Wave Analysis?
Click Here: XAUUSD Outlook – Thrust of the Triangle
BEFORE
I have written clearly, “Potential targets for this setup are 2368 – 2395 – 2444+7.”
AFTER
XAUUSD Outlook – Thrust of the Triangle
Research Report – MCX ALUMINIUM, GOLD, NATURALGAS
MCX Gold Analysis & Economic Outlook: Feb 25 – Mar 1, 2024
Analyzing Gold’s Technical Trends and Economic Influences
MCX Gold is currently moving within a parallel channel, suggesting potential upticks to 63600 – 64160 – 65000 levels. Last week, it rose by 0.75%, gaining 467 points.
Gold faces selling pressure near the Control Line. To maintain an upward trend, it must break the 62600 level. If not, it may drop to 61160 – 59600, especially for intraday traders. Key Economic Events: These events might affect gold, silver, crude oil, and natural gas prices: Continue readingGold & Aluminum Updates: Hits Target Prices Swiftly
Did you check out yesterday’s newsletter about gold?
If not, you can read it here: Gold Price Analysis – Key Levels and Targets for Intraday Traders
Highlighted in bold yesterday, we emphasized, “Finding a foothold at 61960, MCX Gold prices hinge on a crucial juncture. A crossover and break today could lead to target prices of 61860, 61760, and 61560.”
Gold successfully achieved all target prices within a single trading session.
Reminder to our premium subscribers: Aluminum Report – it’s on the verge of hitting our first target.Continue reading