MCX Gold Price Trend June 2020

free gold chart tips

As per vol spike and stochastic RSI sign, gold will perform downside. It could hit 44000 – 43860 levels.

Keep your eyes peeled at 45300 levels. Above it, 46500 – 47300+ levels are waiting. Intraday traders can use it as a hurdle.

Don’t forget to note down fakeout.

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MCX Gold Will Show 2000 Points Movement Soon

free gold tips chart

The 3-impulsive Wave was considered extended with 316% of the 1-Wave included numbers of gaps. A, B, C, and D is a parallel channel of the 4-wave. The price was traveled to appro. 38.2 retraced from 3-wave.

The 5-wave minor crossed of 3-wave on the account of extended move seen 3rd wave.

We then came down to the level marked wave 4, but I have put a question mark there. This is because there is a small chance that we are in the middle of a complex correction and so wave 4 might have finished at the point where I have tentatively placed the number (A) to the right. As far as the investor is concerned, he should have gotten out of this stock at the point marked wave 5 top because that was as high as one could ride his luck in an extended fifth wave. In the not too distant future, we should expect Gold to be dumped and for it to reach the low 41000 levels.

Attention: it can surge for 49000 to 50000 after a breakout of wave fifth top.

Check the previous chart (27 April 2020) to know more.
Link: MCX Gold vs. Crude oil – Tips & Update

…and also refers to the 11 May 2020 article: MCX Gold Long-Term Trend Analysis & Tips (As mentioned, the gold made the final rally and hit 48000. What else you want?)

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MCX Gold vs. Crude oil – Tips & Update

gold daily chart tips

Crude Oil Price Is Getting Ready For Its Next Breakout

free crudeoil tips chart

As per the chart and situation, we will see more downside jump in crude oil prices.
Downtrend targets: 800 – 760 – 700 – 600 – 560 below

Traders can stop selling if it closed above the 1600 level or watch out the resistance trendline.

In the next report, we will update on MCX Gold & Silver in-depth.

Guar Gum Sets Up For Another Massive Move Lower

NCDEX Guar Gum Futures is close to March low. It will keep falling if that level breaks.
Targets: 4660 – 4500 – 4400

Note: position can be initiate after a breakout of March low.

Don’t miss out to read the previous agri-commodity trading alerts report: Free Jeera & Cotton Tips

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