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MCX Gold prices blasted higher this year’s beginning, breaking out of their correction downtrend. What will happen next? Here’s how gold will perform this week:
This Time is Different for MCX Silver – 2020 vs. Dec 2019
First, I recommend to look out my 8th Dec 2019 Silver’s chart (Read Full Article).
Now, look at the current month chart:
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As I had drawn, silver has performed. What else you want!?
Anyway, look into the chart, I have been drawing a new trendline. That is a trend confirmation sign. Don’t buy the silver below the 46600 levels. It could fall up to 46000 – 45360 from there.
And above 47000 levels, 47500 – 48000+ levels are waiting.
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If history repeats, crude oil will head to 4500
We cannot say this the crude oil under downtrend. It needs a consecutive breakout below the hurdle line to confirm it. And that breakout will fall the prices up to 4020 – 3900 below.
Otherwise, it will start climbing for 4280 – 4360 – 4400+ levels.
CUMMINSIND india given to buy 505 and (yesterday high was 589) AARTIIND given to buy for subscribers at 785 and its was achieved target 890. BAJANFINSVis also followed our levels…
Yeah, Do you want what we have written for Spot nifty? We have given target and resistance for sell nifty 12286 and (all-time high is 12291).
In coming days, we are working TATASTEEL, VOLTAS, ITC, MARICO etc.
If the previous record of this stock is checked, it may be noted that this stock is always following the channel. Presently price very near the value low where investors can take their position.
The current price is 550 – Support of value 525 nearby = 25 points patience is required.
You can make your Trade Setup by using this distance of the 25 points.
When this stock create up spike, generally move more than 35% up.
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How many of you bought the gold? We have updated many times that the gold is bullish up to 39000 – 39600 – 40000+. Use the following link to read the previous articles:
Today we have updated the short-term view of gold: Click here
But what about Intraday?Look at the below chart:
Today gold is positive up to 39080 – 39120+ levels. As described on the chart, a breakout of the seller area falls the gold prices up to 38850 – 38800 levels.
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8th Dec Gold’s Chart (Click here to read that article: Gold, Silver, & Crude oil Special Report) Eventually, the gold has come out from the box. The next hurdle is 39260 level. Above it, be ready for 39600 – 39800 – 40000+ levels.
A Strong Support Level:38560 (Below this, A Big Downfall!)