Everybody knows, Moneymunch is official website for the Long-Term / Short-Term shareholders. From September 10th, MCX Gold is continue playing between resistance 31,100 and support 28,350 levels. This year has been not easy for bullion investors in India. The price went from a high of approximately 35K to where it is nowadays, in the mid-29K range. It has fallen 26% this year but remember it is still at a very high level compared to historic investment demand. What is behind the jump down in the gold rate? Simple answer is Dollar index and Gold index pressure on prices.
So what will happen tomorrow and into this week?
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Look above chart [Note: For smart traders only] Targets: 44000 – 43500 – 42500 below Now rough resistance 46,000, you may say hurdle also… Keep in mind, Monday morning 80% chance to open upper side Above resistance, it will become important support because later targets will be 47000-48000 upper… Are you thinking, above silver information is crazily write but what to do… I will give exact information to my paid subscribers due to market hours!
Let’s come to the point directly. I had written about Crude oil in my last free commodity newsletter. New readers, go here for: check free crude oil tips. Crude oil closed below hurdle 6060 and what you think now? Will we look MCX Crude oil at 6000-5942-5884-5833 levels? I think, don’t need to explain again.
Natural gas overbought in last week. Our subscribers and free users also minted money by our 10th Dec newsletter. Thus, expecting correction and it may take u-turn. More information about Natural gas will be updated for my paid members and Big correction alert I will send you by SMS due to market hours!
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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.