If MCX index break 2783 level then today we’ll see many downward movements in many commodities, and mainly it’ll effect on bullion sector commodities.
Day before yesterday, what I had said about Gold?
Click here to read that again
I said, “If Gold break the yesterday low (26342) then we can see 26250-26165 below levels“
And yesterday Gold had completed my all targets!
The gold is looking continue weak. Best-selling opportunity will be arisen on, 25960 level or above levels. 25750-25660* levels are targets for sellers.
If the gold will stay above, 25960* levels for 2 consecutive hours then we’ll see unexpected up moves.
NOTE: Many NCDEX and MCX other commodities taking reversal because of sharply up moves of NCDEX index, and it’ll fly on sky if that index close or break & stay above the 2773 level for 3-4 consecutive hours.
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