MCX Gold Measured Moves

Gold has made a Doji in the weekly chart. It's a direct sign of a reversal. And wherein ADX is less than 25 but +DI above the -DI. Additionally, the 20 MA line is trying to stay downside.

In short, DMI & MA is throwing a strong upward signal. Moreover, its volume is increasing. This week, we have chances to see gold prices above the 51860 levels. The day traders can follow the following targets:
51000 - 51360 - 51860+

And short-term investors can hold for 52000 - 53000 - 53560+ levels.

All you need to do is watch out for a dynamic support trendline. It should remain above it. Else, it will start falling. And that downfall for the levels of 50000 - 49600 - 49360.

Significant releases or events that may affect the movement of gold:
Monday, Nov 02, 2020

Tuesday, Nov 03, 2020
  • 05:30 - U.S. Presidential Election

Wednesday, Nov 04, 2020
  • 02:00 - U.S. API Weekly Crude Stock
  • 21:00 - U.S. Crude Oil Inventories
Trade closed: target reached: Gold has touched the first two intraday targets.
Trade closed: target reached: Gold has touched all intraday trading targets.
Comment: Gold has also touched the first short-term target (52000).
Profit Rs.1,30,100 /mega lot


Silver up Jaye ga
+1 Reply
freestocktips sonilalit1980
@sonilalit1980, if gold will climb, then silver also.
+1 Reply
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