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MCX Gold’s Bullish Mode Activated

free commodity gold tips daily chart

free commodity gold tips daily chart

Did you read the 26 Jan 2021 article on Gold?
Article: Don’t Get Yourself Into a Bull Trap With MCX Gold

Wherein I have highlighted a strong resistance (SR) which is 49280. It has broken down on 14 Feb 2022. That indicates the MCX gold uptrend is unfolding here. If it consecutively remains above the SR, we will see the gold price above 51160 51740.

The following indicators have been indicating impending advance:
ADX, DMI, and MA

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

Tuesday, Feb 22, 2022
19:30 S&P/CS HPI Composite – 20 n.s.a. (YoY) (Dec) – Medium Impact
20:15 Manufacturing, Markit Composite, & Services PMI (Feb) – Medium Impact
20:30 CB Consumer Confidence (Feb) – High Impact

Thursday, Feb 24, 2022
03:00 API Weekly Crude Oil Stock – Medium Impact
19:00 GDP (QoQ) (Q4), and Initial Jobless Claims – High Impact
21:00 Natural Gas Storage – Low Impact
21:30 Crude Oil Inventories – High Impact
22:30 FOMC Member Mester Speaks – Medium Impact


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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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