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Commodity

What's Next for MCX Gold Guinea Price Trend ForecastMCX Gold Guinea is making a triangle pattern. As per the ADX, the trend is weak and, +DI is above the -DI. That indicates an uptrend ahead. Additionally, 200 MA isn't broken. According to DMI & MA, we have chances to see 40260 - 40500+ levels. But, if you look at the triangle pattern, it seems bearish. We have more chances to see downward (huge selling pressure) if it breaks the support line (dashed). And 50 MA is indicating the same. Hence, once it breaks the support line, intraday traders can sell for the following targets: 39460 - 39260
MCX:GOLDGUINEA1!
by freestocktips
2
Intraday trading strategy for MCX SilverThis is MCX Silvermini 15 minutes chart. I have used here moving average, Fibonacci, DMI, and RSI. Fib Levels: T 71496 and B 65664 Silver will try to touch 0.382 ( 67892 ) from here. It will act as resistance. Moreover, there is a 50 MA. If silver breaks both, it will fly from there and touch 68580 levels. Intraday traders can play between it. But if it takes a U-turn from 50 MA and breaks the 20 EMA, be ready for the following targets: 67060 - 66600 .
MCX:SILVERM1!
by freestocktips
1
Will Crude oil touch 3648 before 2021?Crudeoil has started an Elliott wave and made the 4th wave, and now it's making a fifth wave. As per the rules of the Elliott wave, the fifth wave will be completed at 61.8% ( 3648 ) or 50% ( 3600 ) of Fibonacci retracement 1+3 . The 2nd wave is 61.8% of the 1st wave, the 3rd wave is (more than) 261.8% of the 2nd wave, and The 4th wave is 38.2% of the 3rd wave. After the completion of the fifth wave, there will be the ABC correction. And it would be completed between 3356 and 3216 . If the trend breaks the 3356 and 3216 both the levels, then the Elliott wave may fail. But if the trend completes the Elliott wave, the trend will again start to rise.
MCX:CRUDEOIL1!
by freestocktips
MCX Gold Guinea price setting up for a big rallyU.S election result will come soon. Today, we have chances to see solid movements in MCX's bullion sector commodities. And Gold Guinea crossed 50 MA upper side. Intraday & short-term traders can buy using this strategy to make some money. Targets: 41800 - 42200 - 43000+ If it closes below 50 MA , then don't hold your position in loss. I prefer to exit after it. Do you want to know about MCX Gold? Go here: Today, I'm going to update a detailed report on COPPER.
MCX:GOLDGUINEA1!Long
by freestocktips
GOLD: short term: Triangle formation for terminal thrustAs per short term view, GOLD is in the last phase of corrective wave-y, which is unfolding as an impulse. Currently the price structure suggests that there is a formation of a triangle & this triangle is being formed as a wave-4. This wave-4 triangle formation often takes place as a preparation of terminal trust and after that the 5th wave of the impulse get started. As long as GOLD prices are above 1960 level , one should go long for the target zone of 2050/2150/2190. Invalidation level : 1960 For long term scenario on GOLD: refer to the attached link .
TVC:GOLDLong
by TradingSutra
1
Commodities long term brakeoutcommodities one after other started their bull market. first and foremost it is gold, commodity king give the brake out, now it making all time highs. then silver, natural gas, crude oil, zinc, aluminium you name it all are making higher highs. these bull markets started with supply disruptions because of lockdowns. but this will further spiral up side because of the inflation cycle. after long 13 years of bear market in commodities now it started the bull market. we are yet to witness the bull market in commodities too.
NYMEX:NG1!Long
by KiranSunku2016