Gold’s Trading Strategy & Forecasts
You must avoid trading in Gold between 31040 to 30700 range. These levels are trend identifier.
Above 31040, gold has more chances to move up. That can be up to 31226 – 31360 – 31500 – 31600.
Below 30700, deadly downtrend. That can be up to 30560 – 30426 – 30260.
A short note for Crude oils traders
If crude oil breakouts 4000 level then a downtrend will restart. Further information will be updated soon.
Mentha oil prices can Explode from these levels
Into Mentha oil, there is two possibility that will attract buyers or sellers.
Mentha oil closing price at or above 1820 level will attract the buyers. It can hike the price up to 1850 – 1870 – 1900.
But don’t buy from 1776 level because this level can breakdown mentha oil prices up to 1750 – 1740 level.
Update: Crude Palm Oils Ultimate Confirmation
On 15 Nov 2018 (4 days ago), we have updated a positional call on MCX Crude Palm Oil.
Click here and read
I had written, “we will see the level of the following targets soon: 522 – 516 – 510”.
This call all targets has come (per lot profit 15K).
Note: CPO’s downtrend isn’t over here. It will resume after a complete breakout of 500 level.