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Commodity MCX / COMEX: Gold & Silver forecasts, charts and tips

mcx gold chart

mcx gold chart

Look above MCX Gold chart, you can find – It’s presently playing between support level 28,068 and resistance level 31,016. Gold has lost all its April gains with closing at 28,505(-84). It will turn into positive if close over my resistance level 29,370 otherwise carry on drop downwardly. By investigation, we found fresh buying by stronger hands at support level 28,325.

This week, if gold run around our support level 28,325 and close below then sell on rise with targets: 28,070-27,960-27,880 below. As well as Gold spot is looking weaker rather than MCX Gold, look below chart:

comex gold spot chart

For intraday / positional, when it will become 100% positive? I will inform to my paid subscribers only!

mcx silver chart

Stare up on MCX silver chart, if it close above ‘Bearish Spacing’ level 50,585 then we will see Mega-Buying (55K+) otherwise for short-term silver needs one more decline. Silver will kiss levels 41,000-40,000 in coming day. Hurdle for short-term traders: 43,040.

Try to sell on rise, if close above hurdle for 1-2 consecutive days then discontinue selling furthermore start buying for 44K-45K.

Now everything depend on you, how you build Monday first smart trade on Gold / Silver. Yes, I will continue update and also for intraday trading tips but for my premium subscribers!

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If you have any questions or comments about Commodity market then may leave mail on [email protected] OR use below Comment Box for immediate reply.

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Mr.Dev, has been in the forex and commodity markets since 1997. He’s one of the few non-biased investment advisors to have correctly called the current bull / bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts on Indian commodity markets & currency, he is becoming increasingly more renowned. Mr.Dev has been quoted in many of the newspapers. He is a highly recommended technical analyst by many of the local financial newsletters and advisory services. He also is founder of commodity profit sharing service on Moneymunch.

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1 Comment

  1. best best commodity tips ever for all the investors in this field. Best commodity tips only moneymunch can provide!
    – M K Rathod
    (Your client)

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