bullion tips, Commodity MCX / NCDEX tips, FREE Stock, Commodity & Forex tips, Gold & Silver ( Bullion ) tips, mcx tips

Weekend Update: Gold & Silver Technical Analysis report & intraday tips

  • Will the blood bath continue in Dollar index?
  • Gold flying because of Fed’s interest rate?
gold silver daily chart & tips
gold silver daily chart & tips

Gold closed at $1228.8 (+$2.5) and Silver closed at $17.38 (+$0.06) its highest level since the beginning of March. Both gained 2% in the last week. The U.S. dollar index edged higher on political uncertainty, and it fell more than 1%. Gold remained up last week because the Fed’s interest rate (1.4%) trajectory remains unchanged.

The gold & silver are throwing buy signal, but the cycle is down. A big correction is in progress.

This week MCX gold may try to test 28830 level. This is very crucial level for short-term investors. Above 28830 level closing confirm that gold will continue to move upside, and it can hit 29090 – 29400 levels in upcoming days.

Gold strong support is 28300 level. At the present time if gold will close below to 28300 levels then I recommend selling.

But I don’t recommend buying silver until it closes above to 42000 level. This week silver may try to keep rallying upside continue up to 41900 level. 41900 level is resistance so be careful.

Again, a big correction is in progress!

Subscribe us: Get live intraday trading alerts on Gold & Silver.

Get free MCX ideas, chart setups, and analysis for the upcoming session: Commodity Tips

Want to get premium trading alerts on gold, silver, crude oil, etc., and unlimited access to Moneymunch? Join today and start potentially multiplying your net worth: Premium MCX Calls

Premium features: daily updates, full access to the Moneymunch #1 Rank List, Research Reports, Premium screens, and much more. You΄ll quickly identify which commodities to buy, which to sell, and target today΄s.

Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.

Previous ArticleNext Article
One of the few non-biased certified advisors that one correctly called the current bull/bear market before it began. And to have positioned their clients accordingly. As a result of their accurate forecasts in the commodity and forex markets, they are becoming increasingly more renowned. They(he) had been quoted in many newspapers as Mr.Dev(s) and highly recommended by local financial newsletters & advisory services. Most of them have been working since the 1997 year. Mr.Dev also is the founder of Forex account management services on Moneymunch.com.

Visit here: Premium Commodity & Forex Tips
Join Today (Free): Commodity Tips | Forex Signals


Write a Comment

Comment Policy: We love comments and appreciate the time that readers spend to share ideas and give feedback. However, all comments are manually moderated and those deemed to be spam or solely promotional will be deleted. Your email address will not be published. Required fields are marked *

Live Chat
< 4 min wait
Get a callback
<10 min wait

Chat with us on WhatsApp

Send this to a friend