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Don’t SELL after Resistance line breakout. Accurate entry-level, stop loss and targets available below.
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As per the chart, the gold was under uptrend until a breakout of the lower trendline. But gold isn’t standing below 40760. The 40760 can drag down prices up to hurdle line.
And break out of hurdles is a direct sign for a downtrend up to S1 and S2. But a downtrend yet not confirmed. Until that, jump for R1 to R2.
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Gold and silver are moving as directed in a weekly report. Hence, if you want to know what will happen next, read that reports now.
Read here: Gold & Silver Positional Tips & Reports
What’s next in crude oil? This week we are going to intraday trading alerts on gold, silver, and crude oil. Hence, keep subscribed! To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
NCDEX Jeera may jump up to 14200 levels …but that doesn’t mean it will start moving upward until we see consecutive closing prices above it.
Bearish pressure will keep coming up to 13600 – 13260 levels.
Remember, don’t mess after crossover of 14200 levels.
Guar Gum’s strong support is at 6760. It has already broken in the previous trading sessions. You can start selling it after 6560 breakouts. This level will fall the prices up to 6400 – 6260.
But keep in mind, stay away after 6760 levels. Why? I will let you know in the next NCDEX Agri commodities report.
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Do you think it is a tail? If it is, we will see 40320 – 40260 soon. Otherwise, be ready for 40460 – 40560.
We will update further information soon.
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If gold breakdown a flat resistance line, it will fly in the sky. Gold will pressurize by speculators up to 41400 – 41600 – 42000 levels.
Remember, it could happen by a complete breakout of a flat resistance line only.
Hurdle or ascending support trendline breakout indicates to stop buying. It will fall the prices up to 39560 – 39260 level.
For trend identification, check this 15 minutes intraday chart of gold. Keep eyes on a lower trendline before initiating a position. Further information will update soon for the subscribers only. To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
Gold can influence the silver price upside up to the upper trendline. As per the technical analysis, currently, it’s under downtrend. As described in the above chart, It may keep falling for 45600 – 45000 levels.
Look at the many times tested level, this can drag the silver price up to 46400 – 46600+.