MoneyMunch.com

MCX Gold Looking Upside But Is It?

If gold breakdown a flat resistance line, it will fly in the sky. Gold will pressurize by speculators up to 41400 – 41600 – 42000 levels.

Remember, it could happen by a complete breakout of a flat resistance line only.

Hurdle or ascending support trendline breakout indicates to stop buying. It will fall the prices up to 39560 – 39260 level.

For trend identification, check this 15 minutes intraday chart of gold. Keep eyes on a lower trendline before initiating a position. Further information will update soon for the premium subscribers only.

Here’s the One Silver Chart to Watch

Gold can influence the silver price upside up to the upper trendline. As per the technical analysis, currently, it’s under downtrend. As described in the above chart, It may keep falling for 45600 – 45000 levels.

Look at the many times tested level, this can drag the silver price up to 46400 – 46600+.

This week a special offer is coming with limited member vacancies. Don’t miss out next update.

Would you like to get our all commodity updates instantly? We have an option for you.
Click Here: Free Commodity Tips

Do you want to get Premium Calls only?
Click Here: Premium Commodity Tips

If you have any questions or concerns about Commodity Market then contact by following ways:
Email: support@moneymunch.com
Phone: +91 903 386 2706

Have you any question/feedback about this article? Please leave your queries in the comment box for answers.