COMEX Gold Price Trapped at Control Price
Gold futures preparing to come at . Day traders must wait for a breakout of the control price line before entering.
The uptrend will end whenever the gold spot price breaks strong support.
Is Gold Going To 45700 Or Higher?
The chart above indicating a clear uptrend continuation. We may see sideways movement before it hits the top of the rectangle.
According to the Darvas box (rectangular formation), MCX gold will move upward gently this week. Hence, intraday traders can jump between the range of 45200 – 45300.
If gold breaks the bottom of the rectangle, don’t buy. And wait for my next update on the gold.
Would you like to get our all commodity updates instantly? We have an option for you.
Click Here: Free Commodity Tips
Do you want to get Premium Calls only?
Click Here: Premium Commodity Tips
If you have any questions or concerns about Commodity Market then contact by following ways:
Email: [email protected]
Phone: +91 903 386 2706
Have you any question/feedback about this article? Please leave your queries in the comment box for answers.