free commodity gold calls chart

MCX Gold Double Bottom – Potential Reversal

free commodity gold calls chart

In the last two weeks, MCX gold has lost -2003 points. We may see a continued downtrend up to the support line (Range: 49600 – 49200). Intraday traders can play between freefall by taking it as a target.

As mentioned in the chart, the double bottom pattern will complete when the price fails to break past the two bottoms and heads back to the neckline.

Short-term targets: 50900 – 51860
Long-term targets: 53560 – 53400

But if gold fails to complete the double bottom pattern by breaking the support line, we may see continue downward movements. And the gold price will come at/below 48760 – 48000 levels.

If it happens, I will update you ASAP. Subscribe to get accurate entry-level, stop loss, and targets during the market hours.

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free commodity silver tips chart

MCX Silver Trading Strategy for the Intraday Traders

free commodity silver tips chart

Silver is growing slowly. According to this chart, silver is trying to move upside from the strong support trendline. It’s a potential reversal point based on a support trendline.

Currently, it has broken a strong support trendline. We have chances to see a tail, fakeout, or excess here. That can be up to a hurdle. And the hurdle breakout is a direct sign of a downtrend.

After all, 200 MA is recommending further advance here. So, we can pick the silver mega lot for the targets of 63000 – 63360 – 63660 – 64000+.

Safe traders can wait for a 50 MA breakout before entering as well.

If You Own MCX Copper, Look Out Below

free commodity copper tips chartClick here: Copper detailed reports & tips

In that newsletter, I had written in bold words, “according to a moving average and parallel channel’s support trendline, copper is strongly bullish. It can show us an all-time new high before the end of this month. So, the day traders can buy for the levels of 536 – 540 – 556+“.

On 16 Nov trading session, copper has made a high of 551 and touched the first two targets.

Click here: Will MCX Crude Palm Oil touch the 900?free cpo tips

How many of you bought MCX CPO? I had written, “currently, MCX Crude Palm Oil (CPO) shows an uptrend. By following the ADX, we can say that the trend will rise because ADX is greater than 25 (ADX>25), and +DI is above the -DI. Let’s have a look at the volume. Volume spikes double of the average, so this also shows an uptrend, and it will go to the 900 – 920 – 960+“.

Currently, CPO is running nearby 926 levels.

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free silver hourly chart tips

Elliott Wave Vision on MCX Silver

free silver hourly chart tips

Silver made a bullish Elliott wave . The fifth wave is including a diagonal. After the fifth wave, there is an ABC correction. Silver can move upside to 62840 – 63560 levels.

Expected C range: 60565 – 59200 – 57045

The correction will over at 63560 to change the current trend. And upside rally will resume for the levels of 65000 – 66000 – 68000+.

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free commodity gold calls daily chart

Gold & Gold Guinea Tips & Updates

Gold has started rising from U.S. Presidential Election. I have said in the previous newsletters, bullion sector commodities are strongly bullish. How many of you bought Gold and Gold Guinea?

MCX Gold Measured Moves

free commodity gold calls daily chart

I had written for the intraday traders that, “…the day traders can follow the following targets: 51000 – 51360 – 51860+
And short-term investors can hold for 52000 – 53000 – 53560+ levels”.

Intraday Calls Profit: Rs.1,16,100+
Short-term Calls Profit: Rs.1,30,100+

Gold Guinea price setting up for a big rally

I had written in bold word, “…intraday & short-term traders can buy using this strategy to make some money. Targets: 41800 – 42200 – 43000+“.

Profit: 600+ Points

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free mcx gold guinea calls chart

MCX Gold, Gold Guinea, & Copper Detailed Reports & Tips

free commodity copper tips chart

If You Own MCX Copper, Look Out Below

MCX Copper is playing under a parallel channel. Currently, it’s at the support trendline. Additionally, there’s a Fibonacci retracement value of 0.886.

The best trading strategy for the day traders is:
According to a moving average and parallel channel’s support trendline, copper is strongly bullish. It can show us an all-time new high before the end of this month. So, the day traders can buy for the levels of 536 – 540 – 556+.

Important – Due to the election of the USA.
From where it starts collapsing?
You can sell the copper at/below parallel channel or Fib retracement value 0.886 for the targets of 516 – 506.

free mcx gold guinea calls chart

MCX Gold Guinea price setting up for a big rally

U.S election results will come soon. Today, we have chances to see solid movements in MCX’s bullion sector commodities. And Gold Guinea crossed 50 MA upper side.

Intraday & short-term traders can buy using this strategy to make some money. Targets: 41800 – 42200 – 43000+

If it closes below 50 MA, then don’t hold your position in loss. I prefer to exit after it.

Do you want to know about MCX Gold?
Gold has touched the first two intraday targets: Click Here to Read Now

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free MCX crude oil calls chart

MCX Gold & Crude Oil Trading Tips & Analysis

free commodity gold tips & chart

MCX Gold Measured Moves

Gold has made a Doji in the weekly chart. It’s a direct sign of a reversal. And wherein ADX is less than 25 but +DI above the -DI. Additionally, the 20 MA line is trying to stay downside.

In short, DMI & MA is throwing a strong upward signal. Moreover, its volume is increasing. This week, we have chances to see gold prices above the 51860 levels. The day traders can follow the following targets:
51000 – 51360 – 51860+

And short-term investors can hold for 52000 – 53000 – 53560+ levels.

All you need to do is watch out for a dynamic support trendline. It should remain above it. Else, it will start falling. And that downfall for the levels of 50000 – 49600 – 49360.

Significant releases or events that may affect the movement of gold & crude oil:
Monday, Nov 02, 2020

  • 11:00 – Gold Index

Tuesday, Nov 03, 2020

  • 05:30 – U.S. Presidential Election

Wednesday, Nov 04, 2020

  • 02:00 – U.S. API Weekly Crude Stock
  • 21:00 – U.S. Crude Oil Inventories

free MCX crude oil calls chart

Crude Oil Price Setting Up For A Downside Price Rotation

First, let’s talk about the previous update of crude oil . There, I have drawn the symmetrical triangle bearish pattern on the hourly chart of MCX’s crude oil.

free commodity crude oil chart tips

I had written for the day traders, “…the last expected stop is at E. So, we may see crude oil at/below 2840 – 2820 level”.

THESE TARGETS HAS REACHED.

And for the short-term traders, I had written in bold words, “this symmetrical triangle base range is 378 points. So, the game will begin whenever crude oil will breakout the triangle pattern . Downward breakout’s targets: 2610 – 2500 – 2460“.

Crude oil has touched the first target (2610) by making a low of 2606 level on 29 Oct ’20. Now let’s come to the point, will crude hit the second & last target or not?

CRUDE OIL DOWNSIDE BREAKOUT ALERT!
If crude oil prices break out the 2600 level, we will see 2540 – 2500 – 2460 levels before the weekend.

Please note that don’t sell it above the 2600 level.

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