After 2002 year, first time I look MCX Gold chart in downtrend. U.S Gold Friday close at $1250.4, up $5.8 for the week and silver added 13.2 cents. U.S. Dollar – Indian Rupee move will effect on Gold movement plus U.S. Index break support 80.3 and close below this level continuously 2 days then we’ll see big bloodbath in Gold movement.
Look above MCX Silver chart carefully. You will get easily if silver break support or resistance then something happen otherwise you need to trade between ST and RT simple!
This is what happening in Silver but what will happen in this week, do you guess it? I will say it to members due to market hours.
MCX Gold Trend, Support and Resistance with weekly outlook are available for member. subscribers, please use your username and password below for read more
To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
LockOnly subscribers can read the full article. Please log in to read the entire text.
Look above MCX Copper chart, it’s running between my support & resistance from couple of weeks and if break support then it will kiss 435-430-428 without any trouble. This week copper 80% chances to break support. Thus, keep your eyes on support only!
Remember, if copper will not break support then definitely we will look at 450 above closing and after direct resistance!
Day before yesterday at 9:47AM what I said about Guar Seed?
Click here to read it
I had written, “Today, intraday traders can sell guarseed
Targets: 4747-4677-4595 below”
It kissed our first target at same day and continuously moving downwardly.
What you expect? It will kiss my all targets or not?
Note: I was updated NCDEX Castor seed & Cotton on 29 Nov, but both are open opposite to my words as said. I hope, you’re following advice and if not then read carefully next time. (Because I was said if open positive then buy castor seed and if open downward then sell cotton!)
Get free MCX ideas, chart setups, and analysis for the upcoming session: Commodity Tips →
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.
