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When Will MCX Gold explode?

free commodity gold chart tips

free commodity gold chart tips

Main scenario: If gold remains below 47296 levels, it will come down to 0.618 value of Fib retracement.

Targets: 46860 – 46600 – 46000 – 45660 – 45200

Alternative scenario: If gold remains above 0.5, it may try to hit 0.382 (TP: 48260 – 49000+).

So, here hurdle is 47296 for the short-term traders. Intraday traders can play both sides.

And we may see a strong uptrend after hitting the support.

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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.

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5 Comments

  1. when i need info on a commodity quickly I always look in your articles. such perfect trading tips. hats off

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