mcx tips

Get daily MCX trading tips for Indian commodity markets and expert market research reports on bullion, energy, and base metals commodities to enhance your knowledge with our articles and empower your trades.

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.

We will update further information for premium subscribers soon.Continue reading

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.

free commodity trading tips & charts on silverContinue reading

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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MCX Crude Oil: Retracement Analysis and Downside Targets

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Free mcx crudeoil chart calls

MCX Crude Oil: Will it Drop Below 5000 Before the Weekend?

In the wake of the COVID-19 pandemic, crude oil prices experienced significant volatility, hitting a low of 795 and reaching a peak of 9996 on March 8, 2022. Currently, the price is undergoing a retracement, approaching the key level of 50%.Continue reading

Silver Price Analysis: Exploring Resistance, Control Price, & Volume Dynamics

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Free commodity market MCX Silver daily chart, and trading tips.

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