Gold .... Made a low of $1180 and bounced back to $1191
Now what to expect???
Break and close above $1192 will take to &1199--$1203 ⬆⬆ and then to $1210.
Right now gold has trading range between $1180---$1225 INR 28050---28900. Fresh selling can initiate only close below $1180 INR 28050 mark.
On MCX division... Hurdle at 28550---28900 and support at 28050.
Trade with levels only
Silver ... Too bounced back 🔄 from $16.63---$17.25
Hurdle intact at $17.35. Three consecutive closes + weekly close above $17.35 will see sharp upside rally till $18.30---$18.80 mark ⬆⬆
Fresh selling can initiate only close below $16.60 mark
On MCX division, Silver has support at 40700---40200---39700 and resistance at 42000.
Three consecutive closes + weekly close above 42000 will take to 44500---45200+++ mark in days to come else it could test it's support level of 40700---40200 again.
39700 act as major support in Silver.
Trade with levels only
Crude Oil ⛽ has support at $50.50---$49.00 and resistance at $55.00.
Two consecutive close above 55.00 will see sharp upside rally till $61---$64+++ ⬆⬆mark in days to come else it could test it's support level of $50.50---$49.00 again.
Further downside panic will see only close below $49.00.
On MCX division , Crude oil has support at 3540---3450 and resistance at 3700---3780.
Trade with levels only and wait for confirmation
Dollar Index .... Moved sharply from lower level.
$99.80 act as major support while 100.80 act as hurdle.
Break and close above $100.80 will take to $101.50---$101.80 ⬆⬆ and then to $102.50 else it could test it's support level of $99.80 again.
Positional week only close below $99.80
More will update soon!!
