Research Report – MCX ALUMINIUM, GOLD, NATURALGAS
Gold & Aluminum Updates: Hits Target Prices Swiftly
Did you check out yesterday’s newsletter about gold?
If not, you can read it here: Gold Price Analysis – Key Levels and Targets for Intraday Traders
Highlighted in bold yesterday, we emphasized, “Finding a foothold at 61960, MCX Gold prices hinge on a crucial juncture. A crossover and break today could lead to target prices of 61860, 61760, and 61560.”
Gold successfully achieved all target prices within a single trading session.
Reminder to our premium subscribers: Aluminum Report – it’s on the verge of hitting our first target.Continue readingEWT – Identifying Bullish Trends in MCX Aluminium
Unlocking The Next Targets of MCX Gold, Crude oil, & Aluminium
Gold Price Slowly Going Upside
Key levels: 48113 – 47616
MCX gold has been moving under the range of 48113 – 47616. It’s a very crucial point. We may see a continued uptrend ahead if it breaks and close above 0.382 retracement level. That can be up to 48260 – 48490 – 48600 – 48700.
And if it breaks down the 0.5 retracement level, then we may see 47496 – 47300 – 47160.
Kindly note, 47616 is strong support.
Beware, Crude Oil Bulls – That’s the Beginning of the End
Barrier: 6290 level
Crude oil may keep running upward for the levels of 6360 – 6500+. To maintain an uptrend, it has to crossover the hurdle level of 6290 by closing above.
And if it breaks the level of 6060, then wait for my update.
Aluminium Is Going To Test Critical Technical Support Levels
MCX Aluminium is coming back to the strong support of 226.6. Be ready to jump on it.
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Gold, Silver, Nickel, & Aluminium Outlook & Updates
Silver Technical Analysis with Gann & Fibonacci
Currently, silver has jumped back into the uptrend area. It has also broken the parallel channel in the last trading session. But, the buy is not confirmed yet. The uptrend can be resume if it remains above 0.618 of retracement level and 3/1 & 8/1.
If that happens, then you can buy for the targets of 63900 – 65100 – 65960 – 68454.
What happens if it’s fake-out? That’s a straightforward scenario on the above chart. MCX silver futures will come under the control of sellers in the downtrend area. It will fall nonstop for the targets of 59960 – 59400 – 58600 – 55765.
Part 2: MCX Gold Price Limited Downside, Big Upside
In the previous week, gold has made a high of 47370 (+531 / +1.14%) and closed at 47037.
First, did you read my last gold outlook report? If not, click here and read it now.
As I had written, “If gold does breakout of 46860 level, then we may see 47276 – 47600 – 47960+. Don’t get confused! You have to watch out the level 46860 for an uptrend, and the closing price below the Doji candle indicated a bearish trend signal”.
At present, gold is under buying pressure. We will see the remaining targets soon.
Condition: it has to break/close above to 0.618.
Will Nickel Hit the 1570 level?
How many of you read the 27 Sep technical report of Nickel? If you did not read then click the below link:
MCX nickel’s Elliott wave projection (Target 1570)
Nickel has started rolling upward to complete the 5th wave. Be ready to see 1506 – 1532 – 1550 – 1570 target levels.
Aluminium Update
Did you read my Aluminium report? If not, then click the below link:
Aluminium Should Run Up To 240+ In Next 30 Days
I had written, “aluminium has made an all-time new high of 236.3 and declined. It can dig more upside from here. Before that, we may see retesting of 229 – 226.8 levels.
Afterward, it can move for the target of 233.6 – 236 – 238+.”
Aluminium has tested 226.8 on 30 Sep by making a low of 226.1. Afterward, it started moving forward and touched all targets.
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