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Gold Spot vs MCX Gold – Weekly Reports & Tips

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free commodity mcx & cfd gold spot daily chart & signals

free commodity mcx & cfd gold spot daily chart & signals

Here I have compared Gold Spot (CFD) with Indian MCX Gold to identify this week’s trend.

In the chart, there are two different support levels. Wherein support level 1860 is for gold spot, and 49260 for the MCX gold.

I have used moving average and volume on Indian gold. At present, 50 MA is turning downside. If it breaks the parallel channel (PC), gold will fall for 50000 – 49860 – 49500 levels.

According to this chart, gold is trying to climb upward after hitting the PC. And if it remains into the PC, we may see 51000 – 51500+ levels before the weekend.

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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.

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2 Comments

  1. sir, thanks for sharing,
    the first target reached and the second is almost there what should I do?
    should I book or wait for the second target?

    Reply

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