Determining the MCX Gold Price Next Big Move
According to this chart, gold has started falling from August month. Doji appearing in the last trading session. It’s signaling a possible reversal. If gold follows the dynamic resistance, we may see a continuous downtrend. That can be up to 0.5 (47300) to 0.618 (45200) of Fib retracement.
Fib retracement (reverse):
Swing High: 56191
Swing Low: 38400
Here’s ADX less than 25, and +DI is above the -DI . Additionally, 200 MA & 50 MA is throwing uptrend signals. If we follow the moving average, gold may try to hit 51000 – 51990 (0.236) levels.
Intraday traders should watch dynamic resistance before entering.
Silver Follow Up & Future Predictions For 2020 & 2021 – Part I
Here I have used Gann fan and Fibonacci on Silver sport to identify the current trend.
If silver remains above the 78.6% level, the target will be $27 – $27.8
And if it goes inside 8/1 or remains below 78.6% level, we will see the silver price at 0.618 value of fib retracement. The day traders can use the following levels as targets: $25 – $24 – $23
According to DMI, ADX is less than 25 but turning up. And +DI is signaling an upside rally. Technically, silver is a further advance.
For advance traders, watch significant releases or events that may affect the movement of gold , silver & crude oil:
Monday, Dec 21, 2020:
- 12:00 – Gold Index
Wednesday, Dec 23, 2020:
- 3:00 – API Weekly Crude Oil Stock
- 21:00 – Crude Oil Inventories, EIA Refinery Crude Runs (WoW), Crude Oil Imports, and Cushing Crude Oil Inventories
- 21:30 – Natural Gas Storage
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Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.
Wow…..gann fan is so perfect sir
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I am enjoying the plan and very satisfied with the services thank you again
Great analysis 👍 sir
I was waiting for the new update of silver, I want to join but I was waiting for silver and the result is very satisfying so now I am going to choose the best plan which suitable for me. Thank you so much I am gonna take the advantage of offer thank you for sharing your knowledge with us.
As per our telephonic conversation, I have made payment using the UPI option and asked details forwarded to your support number.
crude me kya lag ra he?
Fibonacci & Gann fan has set properly, the chart is very nice eye catching, neat and easy to understand.
Your analysis is extremely good 👍 the frst target reached and second was almost there.