MCX Gold at Support: the Upcoming Move
The last weekend moves had down. When the gold brake below the box, the bears can win this battle.
Output: 36800 – 36000 – 35360 levels (Beware to fake out)
If the gold breaks the box upside in the future, then these areas will be support areas that can keep the gold from falling. And the result will come out with the following levels: 39000 – 39600 – 40000+
For Intraday Traders:
Silver Price Setting Up For A Downside Price Rotation?
What If Crude Oil Is NOT In A New Bull Market?
Support trend line breakout is a clear sign for STOP BUYING. Crude oil selling will start right after redline. I will tell you in the next update what happens if it breaks that line.
Keep buying at/above the support trend line for 4280 – 4356 – 4400 levels.
Remember, this strategy works for intraday and short-term investors only.
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