Continue reading
Did you read MCX Gold’s Previous Research Report?
Click here: Will gold’s uptrend survive till the 60000 level?
Will MCX Gold Hit The Final Target?
I have written clearly, I don’t see any reversal sign still yet. Hence, we can expect 56800 – 57000 – 57200+ levels.”
[20 January 2023]
- 01:34 PM – Price touched the first target of 56800.
[24 January 2023]
- 09:00 AM – Price hit the final target of 57000.
- 09:22 AM – MCX Gold made a new high of 57099.
I will update further information for premium subscribers soon.Continue reading
MCX Gold – Tips & Update
Did you read MCX Gold’s Previous Research Report?
Click here: Will gold’s uptrend survive till the 60000 level?
I have written clearly, I don’t see any reversal sign still yet. Hence, we can expect 56800 – 57000 – 57200+ levels.”
Timeline:
[20 January 2023]
- 01:34 PM – Price touched the first target of 56800.
Will MCX GOLD reach the final target of 57200? I will update further information soon.Continue reading
Will gold’s uptrend survive till the 60000 level?
MCX GOLD: Tips & Update
Have you traded MCX GOLD?
Click here: Will Gold survive above the 55000 level?
I had written clearly,”Currently, gold is showing a bullish sentiment, which may lead to the following targets: 54740 – 54900 – 55000+.”
Timeline:
[13 December 2022]
- 07:00 PM – GOLD reached all targets in a single candle and made a high of 55047.
If you have traded this setup, you could have made more than 900 points in just two trading sessions.Continue reading
MCX CRUDEOIL & GOLD – Big Pictures
Bearish signals remain for crude oil price
Timeframe: Daily
After making a high of 9996, the price started forming a descending channel. The channel has been occurring for more than 39 weeks. 7735 was a crucial resistance level where the price tried to test for three attempts but failed to maintain bullish momentum.
The price has broken down the descending parallel channel and closed below the recent lower low to create a new low. Bearish momentum can lead price to the following targets: 5700 – 5600.
Trade will be invalid if the price sustains above the upper band of the descending parallel channel.
Trade setup with entry, exit, and stop loss is only available for premium subscribers.
Will Gold survive above the 55000 level?
Timeframe: Daily
MCX GOLD has broken out of the 10-week-old upper resistance band of the parallel channel and moving forward to the crucial resistance of 55000.
After breaking the swing high of 53663, the price faced resistance until demand pressure turned the level into support. Currently, gold is showing a bullish sentiment, which may lead to the following targets: 54740 – 54900 – 55000+.
Note: the resistance line is currently providing support after the breakdown, but closing into the channel will increase selling pressure.
Entry, exit, and stop-loss levels are only available for premium subscribers.
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.
