bullion tips, Commodity MCX / NCDEX tips, Free Forex tips, FREE Stock, Commodity & Forex tips, Gold & Silver ( Bullion ) tips, mcx tips

FOMC Minutes: A confirmation for an explosive rally in XAUUSD

free commodity gold chart tips

free commodity gold chart tips

Gold has started collapsing nonstop after Nonfarm Payrolls data. And it stopped at my ‘tested many times’ level. XAUUSD has recovered 50% almost in the previous week.

The gold spot needs to break the 1793.6 level to start an uptrend. Afterward, it will go for 1806 – 1826 levels. And these levels can push the gold price up to 1900.

But if gold breaks the strong support again, it will start falling. This time, it won’t stop! Hence, the short-term traders can start selling from there for the targets of 1744 – 1726 – 1684.

MCX Gold Will Have An Explosive Rally This Wednesday

MCX traders should keep their eyes on the 46720 levels. It’s a trend changer.

As per XAUUSD, Indian MCX Gold can raise 47500 – 48260 after a breakout of $1793.6. And if it breaks the strong support of Gold Spot, it will keep falling for targets of 46260 – 45860.

For advance traders, watch significant releases or events that may affect the movement of gold, silver & crude oil. Especially, don’t forget to watch this Wednesday’s events to find out gold upcoming actions.

Tuesday, Aug 17, 2021
18:00 Core Retail Sales (MoM) (Jul) – High Impact
23:00 Fed Chair Powell Speaks – High Impact

Wednesday, Aug 18, 2021
02:00 API Weekly Crude Oil Stock – Medium Impact
20:00 Crude Oil Inventories – High Impact
23:30 FOMC Meeting Minutes – High Impact

Thursday, Aug 19, 2021
18:00 Initial Jobless Claims – High Impact
20:00 Natural Gas Storage – Low Impact

Friday, Aug 20, 2021
Baker Hughes US Oil Rig Count – Low Impact

Get free forex & commodity ideas, chart setups, and analysis for the upcoming session:

Want to get premium trading alerts on XAUUSD, EURUSD, AUDUSD, GBPUSD, etc., and unlimited access to Moneymunch? Join today and start potentially multiplying your net worth: Premium Forex Signals

Premium features: daily updates, full access to the Moneymunch #1 Rank List, Research Reports, Premium screens, and much more. You΄ll quickly identify which commodities to buy, which to sell, and target today΄s hottest industries.

Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.

Disclaimer: The information provided on this website, including but not limited to stock, commodity, and forex trading tips, technical analysis, and research reports, is solely for educational and informational purposes. It should not be considered as financial advice or a recommendation to engage in any trading activity. Trading in stocks, commodities, and forex involves substantial risks, and you should carefully consider your financial situation and consult with a professional advisor before making any trading decisions. Moneymunch.com and its authors do not guarantee the accuracy, completeness, or reliability of the information provided, and shall not be held responsible for any losses or damages incurred as a result of using or relying on such information. Trading in the financial markets is subject to market risks, and past performance is not indicative of future results. By accessing and using this website, you acknowledge and agree to the terms of this disclaimer.

Previous ArticleNext Article
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.

Join Today (Free): Commodity Tips | Forex Signals

4 Comments

  1. I’m reading your letter from the last 1 month. your gold & silver analysis is undoubtedly perfect.

  2. After a long period, I’m seeing any special offers on your plans. Impressive! I will deposit the fund the day after tomorrow. Please book. My contact detail: 9857XXXX70

Write a Comment

Comment Policy: We love comments and appreciate the time that readers spend to share ideas and give feedback. However, all comments are manually moderated and those deemed to be spam or solely promotional will be deleted. Your email address will not be published. Required fields are marked *

Send this to a friend