In between 3 trading sessions, it’ll start to fall for few days and behave like consolidate. As I said on my past newsletter about Gold, “Once Gold will cross and close above 30307 then you can buy it without worry with targets: 30500 – 30700 – 31000. Don’t sell MCX Gold without advice.”
I don’t believe it’ll run more upward but I’m sure it’ll hit two times 767 level if once open with green-light. Intraday traders can play with it and short term-long term traders don’t make ride with NCDEX Soy oil.
I write below about Zinc, Lead…. You want to know more about MCX?
CLICK HERE AND SUBSCRIBE NOW
Please log in to read the entire text. If you don’t have a login yet, please subscribe now to get access.
Get free MCX ideas, chart setups, and analysis for the upcoming session: Commodity Tips →
Want to get premium trading alerts on gold, silver, crude oil, etc., and unlimited access to Moneymunch? Join today and start potentially multiplying your net worth: Premium MCX Calls
Premium features: daily updates, full access to the Moneymunch #1 Rank List, Research Reports, Premium screens, and much more. You΄ll quickly identify which commodities to buy, which to sell, and target today΄s.
Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.
1 Comment