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.
Did you trade MCX Copper Wave Setup?
Click here: Long-Term View: IS MCX Copper Preparing For A Take-Off?
BEFORE
Sub-wave c of wave (2) of wave ((4)) occurred at 689.5. If the price breaks out wave B at 756, traders can trade for the following targets: 800 – 840 – 877+.
AFTER
Did you trade MCX Copper Wave Setup?
Click here: Long-Term View: IS MCX Copper Preparing For A Take-Off?
BEFORE
Sub-wave c of wave (2) of wave ((4)) occurred at 689.5. If the price breaks out wave B at 756, traders can trade for the following targets: 800 – 840 – 877+.
AFTER
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 reading
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
