Gold Price Slowly Going Upside Key levels: 48113 - 47616 MCX gold has been moving under the range of 48113 - 47616. It's a very crucial point. We may see a continued uptrend ahead if it breaks and close above 0.382 retracement level. That can be up to 48260 - 48490 - 48600 - 48700. And if it breakdown the 0.5 retracement level, then we may see 47496 - 47300 -...
Why now might be a good time to buy aluminium... According to this chart, MCX Aluminium can fly from here if it does not close below 176.4 levels. Targets: 178.6 - 179.6 Short-term targets: 180 - 181.6+ But, if it closes below 176.4 levels, then this call will deactivate. And it will start collapsing for the levels of 174 - 172 from there.
As per the chart, keep your eyes on the Aluminium-bull resistance line. We may see prices at 143 - 144.6 or above soon. This rally will stop after breaking out the resistance line . So what's next then? You can take fib levels as targets. For any further information, you can direct message me or follow my tel channel.