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Today, gold has broken the July month low level & it’s making new low level now. As per my last statement about the Gold (click here), Gold Price Focusing on Nov 2016 Support Trend line Bottom. It can crash up to 29500 – 29250 to restart a solid uptrend.
What do you think it will hit the target levels or take a reversal?
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Did you check the last report of Gold? If not, click here.
“Gold Price Focusing on Nov 2016 Support Trend line Bottom. It can crash up to 29500 – 29250 to restart a solid uptrend.”
– My view is the same for the downtrend, but a short reversal possible in this week!
Contact us for Further information about the Intraday & Positional Trading Calls.
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Below 38K look for further downside with 37650 – 37300 – 37000 as targets. The bullish trend will resume after closing price above, 39100. Sellers must beware of the breakout of 38650 level.
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Weekly Outlook of Lead
This week Lead could be stuck in the base range of 151.1 to 145.5. It can come upside up to 147.5 – 150. Look at the chart, be aware with the trend-changer line. The technical indicators indicating the trend is unconfirmed.
Do not forget to watch out the Test level once it shows closing price below the Test level 1. It’s target levels.
Two crucial level will define the direction of Zinc.
Test level 1: 184
Test level 2: 171
Keep selling this commodity below test level 1 for the level 2. If it closes above test 1, buy for the 188 – 192 OR if it closes below test 2, sell for the 167 – 164 – 158.
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Did you check the last report of Gold? If not, click here.
All target of this call achieved in the last trading week trading sessions.
Gold Price Focusing on Nov 2016 Support Trend line Bottom. It can crash up to 29500 – 29250 to restart a solid uptrend.
In the previous week, three times, MCX Lead has failed to close below 146 level. Stock is indicating bullish trend ahead, but MACD still not did the crossover for the uptrend. What will happen next?
The previous report of Lead (Click here) and Nickel (Click here) to know more.
First, click here and read the Mentha oil previous report.
As per the previous report, if you see a closing price above the level of 1600 then start buying. 1660 – 1700 will be the next targets.
Mentha oil made a high of 1634. Do you think, it will touch the targets?
This week beginning may start with bearishness. But overall trend will remain upside till this commodity do not close below the 1500 level.
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Gold has successfully tested test level one and test level two. T3 will come soon. Further information on Gold updated here: click here
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Keep selling the natural gas.
Target: 187 – 185
Don’t forget to keep eyes on high of Natural gas futures, $2.778. Perfect entry level and stop loss informed to members. To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
Click here to read the last report.
As per the previous report of Mentha oil 100% Bullish Signal. The target was 1450 – 1500.
It both targets has achieved.
If it closes again below the 1500 level, then stop making a long position. It will come down.
But if you see closing price above the level of 1600 then start buying. 1660 – 1700 will be the next targets.
In the upcoming days, it’s in a solid uptrend. It may test the following levels before starting the upside rally: 30390 – 30150 – 29950.
Trading Strategy: Breakout & Closing will below Test level One then put the target second Test level. Same for the third Test level.
Important Note: Bullish Trend will restart after the closing price of the gold above to 30940 level. And Test level 3 can be the second reason for next upward rally. For the long-term investment, you can read my previous publications and follow it.
You must read our 31 May 2018 (8:55 PM) Crude oil tips report by Click here.
In that report, I had written, “In the longer term, the momentum is turning largely positive. We favor a continued bullish bias. Targets: 4700 – 4800 – 4900 – 5000“.
Also, you should read the report of April 15, 2018 (11:03 PM) by Click here.
In this report, I had written “For Long-term Investors: Soon a reversal will start. Afterward, crude oil prices will hit level 4700-5000“.
In the previous week, it all targets has come.
Still, are you losing Money by trading on Black Oil? Nobody can help you.
Our new target: 5200 – 5400 – 5500
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LockAs expected, MCX Copper has just sat on the support line. Now, will it fly or fall? To know it, read our Copper report by Click here.
For the Silver & Zinc direction identification, I recommend reading my previous week newsletter by clicking here.
In the previous week beginning, I had said to the subscriber: “The Gold will come around, 30500“.
Note: 30500 level is the hurdle of MCX Gold.
Why am I saying this to you? Because it will decide the silver trend. How? Look at the below chart:
After a fake-out, we will see the bullish rally. Short-term investors should not wait for the reversal. It could go with flow early.
The crossover of December 2017 trend line channel indicates stop buying the silver. So now you know what to do next.
Intraday Target: 39900 – 40000
Short-term Target: 40500
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As per the technical analysis, crude oil will remain on the uptrend. We might see soon: 4740 – 4800 – 4860+
In the last trading session, zinc touched the 2016 Uptrend Channel Line. A big movement reloading…
Solid Support: 200 level
Hurdle: 192 level
A smart trader knows what to do. Don’t miss reading the full report. It’s time to earn from the Zinc.
To read continue…
LockThe lack of availability of time I am unable to write an article daily for the free subscribers. So I request you, please write an email if you need any help related MCX commodities.