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Will Gold & Crude oil Breakout Or Breakdown Next?

crude oil tips charts

gold tips

Technical Perspective of Gold

Reversal range: 31760 – 31700
A complete breakout of reversal range indicates a downtrend trend. It could be up to 31500 – 31400 levels.
After touching the reversal range, gold prices can hike up to 32000 – 32200.

Q. Which level will give 100% confirmation for the uptrend?
A. Consecutively two days closing price above 32300 levels.

crude oil tips charts

As per the above chart, Crude oil bullish trend will confirm after 4490 levels. This level can hike the crude oil prices up to 4600 to 4700 levels.
If it prices will remain under the blue line, a downtrend will initiate. And crude oil prices will crash up to 4300 – 4260 – 4200 levels.

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Mr.Dev, has been in the forex and commodity markets since 1997. He’s one of the few non-biased investment advisors to have correctly called the current bull / bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts on Indian commodity markets & currency, he is becoming increasingly more renowned. Mr.Dev has been quoted in many of the newspapers. He is a highly recommended technical analyst by many of the local financial newsletters and advisory services. He also is founder of commodity profit sharing service on Moneymunch.

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