GOLD ROCKSSSSSSSSS HIT FIRST TGT 30000 MADE HIGH OF 30158!!!!!!!!!!!!
GOLD: Above is MCX Gold Oct daily chart.
Domestic prices are still trading below its previous high of 30095 levels. It
is expected to cross that level to gain further till 31500 levels. Momentum
indicator RS is hovering near bullish territory, suggests strong upmove. On the
flip side, it has immediate support is located at 29413 levels.
SILVER: Above is MCX Silver daily chart. just
like international Silver, MCX prices are also forming cup and handle pattern.
In this week, it is expected touch immediate resistance of 39000 and further
39500 levels. On the flip side, immediate support is located at 37150 levels.
Hence, bias is expected to trade on bullish mode.
CRUDEOIL: Above is daily chart of MCX Crude oil.
It suggests that prices are making higher highs and lows. After cross immediate
resistance of 2400, prices gained sharply above 2500 in yesterday’s session. It
is expected to extend its upside rally upto 2665 levels. On the flip side,
immediate support is located at 2400 levels.
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