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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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As per the chart above, gold is trying to take a U-Turn. It can slip for 47460 – 46760 – 46260 levels.
As per the S-RSI, it will start running upside soon for the dynamic resistance level of 53900. Hence, targets: 49560 – 50000 – 52000 – 53000+
Don’t forget to keep your eyes on downtrend level 46260.
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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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