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COMMODITY TIPS & CHARTS: Gold erasing February gains

  • Gold technical analysis reports with chart
MCX Gold charts tips views

You would like to take position in Gold / Silver then doesn’t listen to what people are saying about the markets. Look at what the markets are saying as a reflection of people who are actually buying and selling. It is a much more reliable guide.

MCX Gold charts tips views

Look at above chart, the March month rally of Gold was very disappointed to buyers. If the gold will hit 50% (support: 27384) and show closes below it then we will certainly see 26140-24780 levels. But the seller must keep his eyes open while it touches the support 27384 level because buyers will try to push the gold up. So I would recommend short term seller should start selling in bulk after crossover the 27384 level and meantime they can sell gold (for intraday trading) while it move down from volatile zone.

Buying opportunity will knock the door while gold stay above the volatile zone levels, and it can break 28600-29000-29500+ levels!

Note: on my last newsletter, I’ve updated about crude oil, copper & lead targets. I’m very glad to inform those all commodities touched each targets. If you missed it then click here and check it now!

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Mr.Dev(s) is a team of non-biased certified technical and research analysts with extensive experience in the financial markets dating back to 1997. They accurately forecast market movements and position their clients accordingly. They are popular online contributors on many channels and platforms, known for their non-biased advice and commitment to helping investors make informed decisions. The team is also the founder of forex account management services on Moneymunch.com, demonstrating their knowledge and experience in the financial world. Investors can rely on Mr.Dev(s) for research reports and opinions, as well as trading guidance.

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