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Here’s a clear indication of Gold for a new trend. All-new opening gap hiking the gold price. Keep your eyes on Lower Trendline and jump on it.
On September 15, 2019 report, we have already updated the new target (38500 – 39000 – 39500 – 40000): MCX Gold Technical analysis, forecast, & tips for the current trend
That’s all about the uptrend. What will happen if gold will break out the lower trendline?
Wait for two consecutive closing price of gold below to lower trendline. It will confirm the fake-out. And then move on for 36600 – 36000 – 35500 levels.
Silence zone area: 3740 to 3460
Only intraday trading recommended here.
Two or three consecutively closing prices required to come out from the silence zone. Beware of fake-out.
Upward targets: 3900 – 4000 – 4100
Downward targets: 3300 – 3200 – 3100
This is natural gas chart is itself an answer to an upcoming trend.
A simple trading strategy:
These charts are for advanced users only. Remember, only members get accurate entry-level, stop loss and targets on the market hours.
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In the above chart, I have drawn some lines and marked some patterns to show how it will move forward. It is currently trading around 45517. Silver now going for the critical breakout. Could go fast once the breakout is successful…
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Before we discuss these incredible trade setups in the crude oil, we’re receiving the couple of emails for gold trend. Here’s the answer: This week we don’t need to update about the gold. We have already explained in the previous newsletter: MCX Gold Technical analysis, forecast, & tips for the current trend
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As per this chart, the gold trend confirms through a level of 38260. Below 38260 level: it can continue downfall up to 37100 – 36900.
Gold futures (CFD) level 1498 confirms a solid uptrend for short-term investors. Additionally, with an uptrend channel help we will see again 38500 – 39000 – 39500 – 40000 levels. We recommend reading our 26 Aug 2019’s this newsletter: MCX Gold & Silver – Outperforming
Who’s going to initiate a short position on gold? Keep these two major factor in your mind: RSI Breakout and MACD Crossover. Don’t forget to check Moving average 50 & 200 alignments.
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How many of you read our 26 Aug Gold & Silver positional tips newsletter?
Click here and read: MCX Gold & Silver Tips – Outperforming
We had written for gold: Gold futures closing price above 1550-1575 (C) can influence MCX gold up to 39200 – 39500 – 40000+.
The gold second target has come today. Do you think gold will touch the last target (40000) before the weekend?
We had written for silver: MCX Silver traders must put eyes on 44400 (C) levels. One or two consecutively closing above 44400 levels, silver may fly on the sky. It prices can hike up to 45260 – 46000 – 46600+.
Silver call’s all targets has already come.
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