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MCX Gold prices blasted higher this year’s beginning, breaking out of their correction downtrend. What will happen next? Here’s how gold will perform this week:
This Time is Different for MCX Silver – 2020 vs. Dec 2019
First, I recommend to look out my 8th Dec 2019 Silver’s chart (Read Full Article).
Now, look at the current month chart:
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As I had drawn, silver has performed. What else you want!?
Anyway, look into the chart, I have been drawing a new trendline. That is a trend confirmation sign. Don’t buy the silver below the 46600 levels. It could fall up to 46000 – 45360 from there.
And above 47000 levels, 47500 – 48000+ levels are waiting.
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If history repeats, crude oil will head to 4500
We cannot say this the crude oil under downtrend. It needs a consecutive breakout below the hurdle line to confirm it. And that breakout will fall the prices up to 4020 – 3900 below.
Otherwise, it will start climbing for 4280 – 4360 – 4400+ levels.
How many of you bought the gold? We have updated many times that the gold is bullish up to 39000 – 39600 – 40000+. Use the following link to read the previous articles:
8th Dec Gold’s Chart (Click here to read that article: Gold, Silver, & Crude oil Special Report) Eventually, the gold has come out from the box. The next hurdle is 39260 level. Above it, be ready for 39600 – 39800 – 40000+ levels.
A Strong Support Level:38560 (Below this, A Big Downfall!)
“Will crude oil keeps moving up for remaining the targets: 4390 – 4430”
From 25 November, I’m just suggesting to keep buying crude oil from 4170 for the 4400 above levels. Have you followed? Then it’s your time to book profit from crude oil.Anywhere above the 4400 levels. Minimum Rs.23,000 profit/lot, Enjoy! To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
Do you think prices will hike? If yes! Our targets are 445.6 – 446.4+ levels.
But as we see, copper is cooking something else. Copper is playing between support trendline and support area. It has tested more than four times 444 level since yesterday. It can fall for support 440 soon.
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