MCX gold overall trend is upward. The position can be initiate at 52360 . It will keep moving upward after consecutive closing above to the control price. And we may see prices at 53000 - 53660 - 54000 - 54600+ levels. Don't forget to follow the control price (CP). If gold breakdown CP, it may fall for 51360 - 51000 - 50500 - 50000 levels. Watch out the...
A consecutive breakdown below to 23.60% means 38.20% ( 64K - 62K ) will come soon. Otherwise, it will keep moving forward for 72K - 73K+ .
According to this chart, gold is reversing downward after making an all-time new high of 56191 . Its support level is 53800 . You can take this level as a hurdle too. We may see a correction up to this after the breakdown of DR. This dynamic resistance will initiate buying pressure for a short period. We have chances to see 55600 (T1) to 56000+ (T2)...
Copper has made a high of 509.25 and took U-turn. We may see at all-time high soon. S-RSI is a key to take an entry.
As per this MCX Lead chart, it’s trying to march upward. We may see T1 to T3 soon. Further information I will update you soon.
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.
What happens next? That described in the chart. You can ask me anything related to this chart by below comment section or DM.
In the last trading session, silver has gained +361 points. As we updated in previous newsletters, silver is flying with gold. Silver wings may cutoff after breaking out 60,000 levels and may fall till a hit of control price line. Hence, this breakout will lead the prices 59,000 to 58,000 . Don’t forget to keep your eyes peeled at 5 MA ...
This Will Signal A Massive Gold Rally After a short reversal, gold will start marching for 49060 – 49200 . Don’t mess with gold below support trendline. Can we expect a key level as a target? Yes, and I will update it into the next newsletter.
As per the following chart, MCX lead will remain in an uptrend. It could fly up to 144 - 146 levels.
As per the chart, MCX crude oil is under bearish pressure for a short period. It may fall for 2600 – 2400 – 2160 levels. The long-term traders must keep their eyes peeled for a crossover into the S-RSI. The crude oil prices will fly into the sky. Be ready for 3200 – 3500 – 4000 levels.
Support: 46400 - 46360 Targets: 46800 - 47000 – 47200 A breakout of the parallel line means downfall. Beware to fake out. It can fall the prices around 46100 - 46060 .
As per vol spike and stochastic RSI sign, gold will perform downside. It could hit 44000 – 43860 levels. Keep your eyes peeled at 45300 levels. Above it, 46500 – 47300+ levels are waiting. Intraday traders can use it as a hurdle. Don’t forget to note down fakeout.
Silver is going to take a short reversal for a while. And then BOOM...!!! Hurdle: 47000 A gesture is enough for a smart investor.
The 3-impulsive Wave was considered extended with 316% of the 1-Wave included numbers of gaps. A, B, C, and D is a parallel channel of the 4-wave. The price was traveled to appro. 38.2 retraced from 3-wave. The 5-wave minor crossed of 3-wave on the account of the extended move seen 3rd wave. We then came down to the level marked wave 4, but I have put...
Downtrend targets: 800 – 760 – 700 – 600 Below Traders can stop selling if it closed above the hurdle level or watch out the resistance trendline.