Category Archives: Uncategorized

MCX Gold is finally gathering downside momentum, resuming the overall bearish wave, and approaching our second target near 26300. Overall, we maintain our negative view, targeting the recently printed lows near 24800 level. Holding below 27600 will keep the bearish … Continue reading →

MCX Silver is attempting to break 44300 support level, successfully holding below it may confirm further sell-off and a possible retest of 42050 low once again. Overall, we hold onto our earlier bearish expectations. Trading Mantra Recommendation : Based on the charts … Continue reading →

MCX Gold ended the trading session lower yesterday, below 26800 support level, holding below 26800 suggests further downside pressure within the upcoming session, for a possible retest of the recently recorded lows . Overall, holding with daily closings below 27500 … Continue reading →

MCX Silver dipped sharply on Friday, however rebounded again after testing the support of the ascending channel shown above. Accordingly, the short term bullish bias is still favored, target mainly 46900 level, where only a clear break and stability below … Continue reading →

MCX Silver is attempting to break 44500 minor support, for a potential retest of the bottom of the ascending channel. Accordingly, our bearish expectations remains intact. Trading Mantra Recommendation : Based on the charts and explanations above, we prefer to short MCX … Continue reading →

MCX Gold is attempting to move lower after testing 27000 resistance, accordingly, we maintain our negative expectations unchanged. Trading Mantra Recommendation : Based on the charts and explanations above, we prefer to short MCX Gold around 27000 targeting 26500 and 25700. Stop … Continue reading →

MCX Gold is struggling to break above 26400 resistance level, the price has formed a bearish shooting star candle while failing to record a closing above the level on a four-hour closing basis. Accordingly, we may see attempts to resume … Continue reading →

MCX Gold dipper sharply lower, in an attempt to resume the overall bearish wave, acquiring our downside targets for yesterday’s scenario. The intraday bias is bearish and will remain so long as price is holding below 29350 area. Accordingly, we … Continue reading →

MCX Gold rebounded printing a strongly bullish candlestick formation on Friday, meanwhile. RSI and MACD are showing a strong bullish divergence, which happens to be near the bottom of the long term sideways range and major support level at 28850. … Continue reading →

MCX Gold broke the tight trading range among the triangle pattern and dipped sharply yesterday, the metal tested levels just above 29300 support, which is followed by 29200 major low and key support level. Despite the big move yesterday, the … Continue reading →