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 readingNIFTY FUT – Trading insights & Updates
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Click here: NSE NIFTY – Will Price Confirm Its bull run?
BEFORE
We had written clearly,”If the price breaks wave B, traders can trade for the following targets: 19680 – 19850 – 19940.”
AFTER
DMART – Will BD Line Breakout Unlock Bulls’ Holy Grail?
NSE NIFTY – Will Price Confirm Its bull run?
MCX 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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