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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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The positive trend will start after a breakout of hurdle.
Targets: 951 – 936 – 925
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LockHow many of you bought the gold? We have updated many times that the gold is bullish up to 39000 – 39600 – 40000+. Use the following link to read the previous articles:
What’s next?
Hurdle: 40460
Support: 39200
Keep eyes on opening gaps. Now it’s time for intraday traders.
Resistance: 41260 – 41360
It’s under pressure up to 42000 levels.
Caution: a big downfall (up to 39260) after hurdle breakout.
Same for the silver as well. Scroll the older commodities articles from here: https://moneymunch.com/category/free-commodity-tips/
We had updated many times, MCX silver will hit 46600 – 48000 – 49900+ levels.
Check out the first report here: https://moneymunch.com/tips-charts-gold-silver-crude-oil-special-report/
It has touched the first two targets. Will it achieve the 49900 levels?
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As per the above charts, the crude oil previous support trendline can continue the bullish trend. It could be up to 4692 – 4810 – 4900+.
The previous support trendline breakout: 4460 – 4360 – 4160
Nickel is showing up like falling. Is it? Its hurdle is the 1008 level.
Nickel needs to show a closing price above 1036 to come into a positive trend. It will a clear sign for 1050 – 1066+ levels.
Hurdle breakout: it could down up to 1000 – 986 levels.
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About 23/12/2019 6:30 PM Article: Commodity Gold & Aluminium Trading Calls & 15M Charts
How many of you traded on yesterday’s trading alerts?
The gold and aluminum call all targets has come.
Silver has breakdown the support trendline. It’s ready to hit the box bottom. If it’s not fake out a candle, get ready for 45760 – 45600 – 45560 levels.
Otherwise, we will see 46260 – 46400 – 46600 levels. You can also refer to 8th December article for the upward targets. Click here: Silver Price Setting Up For A Downside Price Rotation?
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