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

Outlook: Gold downtrend stopped at 46720

  • 3... 2... 1... Let the Gold Corrective Rally Begin
free commodity gold tips chart

free commodity gold tips chart

Key Levels: 46720, 46250.
The corrective nature of the latest rebound suggests the Gold decline will continue. A break of hurdle will raise the possibility of the impulsive decline from near 46720. A strong selling signal will come after a breakout of 46250 levels. So, intraday (day) traders can start selling between hurdle and breakout levels for the target of 46000 – 45460 – 44900 below.

But according to the current situation, gold is trying to recover the loss from the last 2 weeks’ events. It’s not sellable until following the above scenario. We can see the gold prices at 48000 – 49000+ in the upcoming days.

Watch significant releases or events that may affect the movement of gold, silver & crude oil:

Monday, Jun 28, 2021
11:00 – Gold Index

Tuesday, Jun 29, 2021
19:30 – CB Consumer Confidence (Jun)

Wednesday, Jun 30, 2021
2:00 – API Weekly Crude Oil Stock
17:45 – ADP Nonfarm Employment Change (Jun)
19:30 – Pending Home Sales (MoM) (May)

Get free MCX ideas, chart setups, and analysis for the upcoming session: Commodity Tips

Want to get premium trading alerts on gold, silver, crude oil, etc., and unlimited access to Moneymunch? Join today and start potentially multiplying your net worth: Premium MCX Calls

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.

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

Previous ArticleNext Article
One of the few non-biased certified advisors that one correctly called the current bull/bear market before it began. And to have positioned their clients accordingly. As a result of their accurate forecasts in the commodity and forex markets, they are becoming increasingly more renowned. They(he) had been quoted in many newspapers as Mr.Dev(s) and highly recommended by local financial newsletters & advisory services. Most of them have been working since the 1997 year. Mr.Dev also is the founder of Forex account management services on Moneymunch.com.

Visit here: Premium Commodity & Forex Tips
Join Today (Free): Commodity Tips | Forex Signals

1 Comment

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 *

//
//
Live Chat
< 4 min wait
//
Get a callback
<10 min wait

Chat with us on WhatsApp

Send this to a friend