Gold Spot vs MCX Gold – Weekly Reports & Tips

free commodity mcx & cfd gold spot daily chart & signals

Here I have compared Gold Spot (CFD) with Indian MCX Gold to identify this week’s trend.

In the chart, there are two different support levels. Wherein support level 1860 is for gold spot, and 49260 for the MCX gold.

I have used moving average and volume on Indian gold. At present, 50 MA is turning downside. If it breaks the parallel channel (PC), gold will fall for 50000 – 49860 – 49500 levels.

According to this chart, gold is trying to climb upward after hitting the PC. And if it remains into the PC, we may see 51000 – 51500+ levels before the weekend.

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COMEX Gold & Silver Forecasts– It’s time to earn!

FREE COMEX Gold intraday charts signals

Day traders must wait for 1319 levels. Aggressive traders go and sell gold now because it’s going to touch 1314.1-1311.1 below levels.

Keep your stop loss 1322.1 levels. If Gold closes above the level, then you may see unstoppable up moves.

Trade in silver with perfect levels or do not trade. DON’T SELL THE SILVER UNTIL BREAK YESTERDAY LOW (19.456). Because if it will break out the yesterday low, then we may see 19.245 level in just a  few hours.

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silver tips
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FREE LIVE Forex signals on Gold & EURUSD

FREE Commodity Gold signals and chart

These two levels will change your mind and help you to take correct decision! Level One: 1072.5 You can continue selling gold below this level. Targets: 1064-1060-1056

Level Two: 1075.9 Start buys gold without asking anyone! Targets: 1079-1082-1086

EURUSD Live signals LIVE SELL SIGNAL

Sell the EURUSD pair at 1.08755 for 1.08323-1.08062 levels. Login to see more details about EURUSD pair:

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Commodity Gold tips: Know when you should buy / sell

 When should you buy Gold? 

Just keep 1094-1104.2 resistance levels in your mind. If it’ll break 1094 level then buyers will pause-up the gold up to 1103 and if that close above 1104.2 once then nobody can stop it to move up. And yes, later on it can break 1122-1140+ levels.

 When should you sell Gold? 

Keep your eyes on, 1078.5 levels. If the gold will close below the level, then it may fall up to 1062-1048. 1047.5 levels are very dangerous! Yes… if it goes below to this level, then we will see gold price 1000!

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FREE Commodity Gold & Silver updates with charts and intraday tips

On last weekly analysis reports, I had provided Gold spot forecast. If you don’t remember 4th Oct, 2015 newsletter then click here and read it again please.
I was boldly saying there, “if that (gold) cross and close above $1139 level then gold spot will move continue up. Keep in mind, waiting $1150-$1160+ levels ahead of $1139 level.

Exactly, gold run how I was said to you and the gold touched my both targets too!

Gold chart 1 year

silver spot 1 year chart

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Commodity Gold & Silver charts, reports and tips

Gold technical chart 1year

On last trading session, COMEX gold spot had jumped 2.17% and closed at $1137.9 (+24.2). Indian MCX gold buyers missed a big opportunity! Monday opening bell will give shock sellers and if that cross and close above $1139 level then gold spot will move continue up. Keep in mind, waiting $1150-$1160+ levels ahead of $1139 level.

Now you must be thinking about silver, right? I’ll predict silver future by just 1 sentence. To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

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