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As per this MCX Lead chart, it’s trying to march upward. We may see T1 to T3 soon. Further information I will update you soon.
UPDATE: Gold & Copper Overall Outlook Is ‘Strongly Bullish’
Yesterday’s Chart:
Today:
Gold call hit all targets level. Moreover, it has touched the key level within 24 hours. To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
After a short reversal, gold will start marching for 49060 – 49200. Don’t mess with gold below support trendline.
Can we expect a key level as a target? Yes, and I will update it into the next newsletter.
Copper has made a high of 509.25 and took U-turnWe may see at all-time high soon.
S-RSI is a key to take an entry.
Black Gold will explode soon. Read the previous report here: Crude Oil Trading Strategy & Calls
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First, click here and get the details of the free nickel’s call details.
How many of you traded on free Nickel tips? It has already touched all targets.
PROFIT Per Lot: Rs.51,000
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As per the above chart, the parallel channel’s uptrend line can use as a stop loss.
Hurdle: 162.6
Based on the current trend:
Uptrend targets: 165 – 170+
Based on Fib. Retracement:
Downtrend targets: 158.2 – 152.2 – 149.2
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Gold has made a new high as per the last update based on Elliott wave theory. You can check the last updated chart: This GOLD Elliott Wave Will Confirm The Next Move
For intraday traders:
If that is a right shoulder, C (T1) and C (T2) are the next targets. S RSI is confirming the downtrend by crossover.
For the long-term investor (Hurdle Breakout):
T1: 47560
T2: 47260
T3: 47000
Invalid: Above 48400 OR Head.
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