As per the daily chart, gold prices continue moving higher. After a reversal, we can expect the following levels ahead: 40800 – 41000 – 41360+
Why reversal? Look at the below 15-minutes chart of gold:
As per this chart, gold can easily fall for 40160 – 40000 levels. It’s the same technical chart I had updated in the previous newsletter. And it has also touched all intraday targets.
Read it here, Next Move of MCX Gold.
As per the intraday chart, day traders should keep buying the gold for 40600 – 40800 until it breaks the upper trendline. And the breakout of the upper trendline will explode prices. It could be up to 39760 – 39500 below levels.
Similarly, my view is the same for the gold futures (CFD). Look out the below chart, it will explain to you better.
The Prospects of Gold’s Next Upswing
As per the chart, the uptrend trendline breakout means gold will explode. That can up fall up to 39760 – 39632 – 39500.
It happens in complete breakout only. With the uptrend line, following levels are awaiting ahead: 39960 – 40040
Overall, Crude Oil Price Begins To Move Higher?
Long-term Potential for Natural Gas Remains Strong!
Level 132 is the next confirmation level to continue the downtrend. It could be up to 128 – 120 – 112.
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:
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.
Above/below consecutive closing prices and fake out identification required. Further information is available for premium subscribers.
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MCX Gold & Silver – Massive Bull?
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:
- 29 Dec 2019 | Will Gold & Crude oil Keep Running Upside?
- 23 Dec 2019 | Gold, Silver, Natural gas, & Nickel Weekly Analysis & Tips
- 16 Dec 2019 | MCX Gold, Silver, Crude oil, & Zinc Tips & Updates
- 12 Dec 2019 | UPDATE: Is Gold Preparing to Rocket Higher?
- 08 Dec 2019 | Tips & Charts: Gold, Silver, & Crude oil Special Report
Keep eyes on opening gaps. Now it’s time for intraday traders.
Resistance: 41260 – 41360
It’s under pressure up to 42000 levels.
Caution: a big downfall (up to 39260) after hurdle breakout.
The Prospects Of Silver’s Next Upswing
Same for the silver as well. Scroll the older commodities articles from here: https://moneymunch.com/category/free-commodity-tips/
We had updated many times, MCX silver will hit 46600 – 48000 – 49900+ levels.
Check out the first report here: https://moneymunch.com/tips-charts-gold-silver-crude-oil-special-report/
It has touched the first two targets. Will it achieve the 49900 levels?
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What If Crude Oil Is NOT In A New Bull Market?
As per the above charts, the crude oil previous support trendline can continue the bullish trend. It could be up to 4692 – 4810 – 4900+.
The previous support trendline breakout: 4460 – 4360 – 4160
Technical Perspective of Nickel (Weekly & Intraday)
Nickel is showing up like falling. Is it? Its hurdle is the 1008 level.
Nickel needs to show a closing price above 1036 to come into a positive trend. It will a clear sign for 1050 – 1066+ levels.
Hurdle breakout: it could down up to 1000 – 986 levels.
Today we have updated the short-term view of gold: Click here
Today gold is positive up to 39080 – 39120+ levels.
As described on the chart, a breakout of the seller area falls the gold prices up to 38850 – 38800 levels.
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