Research Report – MCX ALUMINIUM, GOLD, NATURALGAS
MCX Gold Analysis & Economic Outlook: Feb 25 – Mar 1, 2024
Analyzing Gold’s Technical Trends and Economic Influences
MCX Gold is currently moving within a parallel channel, suggesting potential upticks to 63600 – 64160 – 65000 levels. Last week, it rose by 0.75%, gaining 467 points.
Gold faces selling pressure near the Control Line. To maintain an upward trend, it must break the 62600 level. If not, it may drop to 61160 – 59600, especially for intraday traders.
Key Economic Events:
These events might affect gold, silver, crude oil, and natural gas prices:
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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 reading
MCX Gold Price Analysis: Key Levels and Targets for Intraday Traders
MCX Gold & Silver Technical Analyses: Recent Trends & Upcoming Targets
MCX Gold Technical Analysis: A U-Turn in the Control Channel Signals Potential Targets
According to the above technical daily chart, MCX Gold futures in the Indian commodity market have recently reversed direction within the control channel. It is reasonable to anticipate potential price levels at 58660, 58360, and 58000 before the commodity resumes its upward trend. Stay tuned for additional updates and insights on the gold market.
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