Analyzing Silver’s Market Movements: Navigating Potential Uptrends and Downtrends with Time Cycle and Technical Analysis
Continue readingSilver Trends: Time Cycle & Technical Insight
Continue readingContinue readingMCX GOLD & SILVER – Trading Insights & Update
MCX Gold Technical Analysis: A U-Turn in the Control Channel Signals Potential Targets
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We had mentioned clearly, It is reasonable to anticipate potential price levels at 58660, 58360, and 58000 before the commodity resumes its upward trend.
Timeline: [12 September 2023]
- 04:45 PM – Price touched the first target of 58660.
- 06:00 PM – MCX GOld Touched the second target of 58360
MCX Gold & Silver Technical Analyses: Recent Trends & Upcoming Targets
MCX Gold Technical Analysis: A U-Turn in the Control Channel Signals Potential Targets
According to the above technical daily chart, MCX Gold futures in the Indian commodity market have recently reversed direction within the control channel. It is reasonable to anticipate potential price levels at 58660, 58360, and 58000 before the commodity resumes its upward trend. Stay tuned for additional updates and insights on the gold market.
Continue readingMCX Zinc: Bullish Momentum Ahead
MCX Zinc Signals Potential Bullish Momentum with Clear Target Levels
MCX Zinc is currently right at its 100-day Simple Moving Average (SMA). Additionally, we’ve seen a positive crossover on the Moving Average Convergence Divergence (MACD) indicator.
Closing above the SMA 100 is significant, indicating a potential upward move with two target levels at 224 and 228 in the coming days. This is an appealing opportunity for short-term traders.
It’s important to note that initiating a position when the price is below the SMA 100 is not recommended due to higher risk.
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MCX Crude Oil: Retracement Analysis and Downside Targets
MCX Crude Oil: Will it Drop Below 5000 Before the Weekend?
In the wake of the COVID-19 pandemic, crude oil prices experienced significant volatility, hitting a low of 795 and reaching a peak of 9996 on March 8, 2022. Currently, the price is undergoing a retracement, approaching the key level of 50%.Continue readingSilver Price Analysis: Exploring Resistance, Control Price, & Volume Dynamics
