MCX Bullion Technical Chart Analysis Report and Learn How To Analysis
MARKET OVERVIEW Gold
COMEX Gold is in an upward phase. Last week COMEX Gold was sustaining at lower levels and closed near to its 2 week low. In the coming week 1460 $ will act as a major support in COMEX Gold. If COMEX Gold sustains below1520 $ an ounce then below 1500 $ an ounce it can touch the level of 1485$ an ounce and if COMEX Gold sustains above 1525$ then it can go slightly up and test the level of 1535$ an ounce.
Gold STRATEGY
For the next week traders can use sell on higher level strategy if COMEX Gold sustains below 1520 $ an ounce, then below 1500$ it can test the level of 1485$ an ounce and above 1525$ it can further move upward. Trade by keeping he strict stop losses. Read It Carefully For Your Benifits
Major support for COMEX Gold in the coming week is 1460$ and 1425$.
Major resistance for COMEX Gold in the coming week is 1560$ and 1590$
Major support in MCX Gold is 21900 and 21600
Major resistance in MCX Gold is 22500 and 22800
MARKET OVERVIEW Silver
COMEX Silver is technically weak on charts. Last week COMEX Silver was sustaining at lower levels and closed near to its week low. For the upcoming week 3230$ and 3020$ are the crucial supports and 3800$ and 4000$ are crucial resistance in COMEX Silver. In MCX Silver 56300 and 59000 will
act as major resistance and 49000 and 45500 will act as major supports.
STRATEGY Silver
Technically COMEX Silver is weak on charts. For the next week traders can use sell on higher level strategy if Silver sustains below the level of 3430$ an ounce, then below 3380$ an ounce it can go down and can test the level of 3300$
an ounce. Trade by keeping the proper stop losses.
MCX-NCDEX FREE Tips Daily on Your Mobile Click Here
For Base Metals,Crude Oil and Natural Gas Read More
