SILVER was trading under the Resistance trendline since mid May (shown in black in chart), but today it gave a breakthrough opening in the morning on MCX.
If it closes above 63800, then we can make a long position in current contract for a major profit.
LOGN SILVER @ 64800.
Silver has a major resistance at ₹ 65800, if it gives a closing above this level, then...
There is a Trading Signal to Sell in Gold XAUUSD
Traders can open their Sell Trades NOW
Rank : ⭐️
⬇️Sell now or Sell on 1769.56
⭕️SL & Buy 1783.46 ( Buy Target 1818.50 )
🔵TP1 @ 1715.61
🔵TP2 @ 1686.15
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expecting gold to reverse back down after this upward move beacause of the obvious imbalance. We all know that the market loves to correct those. Will be observing how the market reacts to that zone and when I get confluence for the drop, will dive right in! Currently in profit for the long position and already took partials at TP1.
Yellow metal on MCX may remain volatile, traders can take a short positions.
CMP : 46635 at 1:15 (IST)
Stop Loss : 46810
Target : 46225
On th October, MCX Gold DEC Contract made a low of ₹ 46477, which is expected to be broken by today or tomorrow amidst a firmer dollar and a rise in US Treasury yields weighed on the precious metal’s appeal.
Yellow metal will...
A Trading Signal is seen in the GOLD XAUUSD
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 1784.8
⭕️SL & Sell 1773.45 (Sell Target 1748.85)
🔵TP1 @ 1806.8
🔵TP2 @ 1831.7
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