MCX Gold surges to a high of Rs31326/Kg when Mr.Donald trump was leading the election results on 9th Nov 2016. Around 10.40p.m gold topped out and from there post the election announcement MCX Gold dropped to a low of Rs29269/Kg on last Friday (Nov 11,2016). The dollar rose to its strongest level since February. Bonds continued to get pounded, with losses exceeding $1 trillion this week.
Nifty June Futures is in positional sell mode since 20th June with trailing resistance comes near 5773 on the hourly charts and similarly MCX Silver august futures turns to positional sell mode on last thursday ( 20th June,2013 ) and currenly the resistance zone comes near Rs42000 /Kg Respectively. Reverse your position to Positional longs only if the support breaks on hourly charts.
Silver long term technical outlook (06.03.2013) Silver now trading around 54850 (($28.70) & we have analyze long term charts for positional traders. As we can see on charts, silver started a downside move in sep 2012 & after & after that we identified seen 3 downside wave in a very rare & ideal pattern […]