No doubt, MCX Gold and Silver run very well on Valentine’s Day because enters “overbought territory” and Gold index made the largest weekly increase since August plus it jumped 9.7% this year and silver run up 11% this year.
Look above Gold chart to see weekly movement. Gold has broken out over the past week and a trend change has been signaled. Look below MCX Silver chart:
Remember, downtrend still unbroken BUT…
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You would like to eat Money safely from Commodity Market then Go with MCX Cotton. Targets: 20563-20530.
Sell it at Top – Remember, it should be open downside.
Look above chart and don’t become fool from MCX Aluminium move. Once it close above 107.5 then buy it for 108.5-109-110 levels. Otherwise, it will touch: 105.5-104.8-104.4 below!
Note: U.S. Presidents’ Day holiday is on Monday and the Comex market will not open.
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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.