Marketcalls
Mantraa Commodity Mantra commodity is an analyst group involved in technical analysis of all major commodities gold, silver, crude, copper, natural gas etc. Mantra commodity serving to clients from last 7 years & made a strong bond of trust with our dedication towards work.Our main functioning area is .Technical analysis on all major commodities available HERE. Or you can write us on [email protected] HaPpY TrAdInG.

Gold on front foot now- Technical outlook.

23 sec read

Gold (23.10.2013) higher after the decline in delay NFP & broken resistance area.

Now gold is trading around $1335 & as we can see on charts, the resistance zone converted into support may push prices upward in coming trading session. Yesterday prices close above resistance area $1320-1330 with volume as well as marked a bullish candlestick pattern on charts. meanwhile RSI is now trading above 50 which signal for an upside move in coming trading session.

gold

[wp_ad_camp_5]

 
Based on above studies, we will prefer to buy gold on some dip for targets around $1363 & then $1375. A day close below $1320 will reject the forecast.

Mantraa Commodity Mantra commodity is an analyst group involved in technical analysis of all major commodities gold, silver, crude, copper, natural gas etc. Mantra commodity serving to clients from last 7 years & made a strong bond of trust with our dedication towards work.Our main functioning area is .Technical analysis on all major commodities available HERE. Or you can write us on [email protected] HaPpY TrAdInG.
«
»

The Iran-Israel Tension and Crude Oil Trend Analysis

With ongoing tensions in the Middle East, particularly between Iran and Israel, the crude oil market finds itself once again at the mercy of...
Rajandran R
Oct 2, 2024 3 min read

MCX to Revolutionize Gold Trading with the New 10-gram…

The Multi Commodity Exchange of India (MCX) is poised to make waves in the commodity trading landscape with its forthcoming launch of a 10-gram...
Rajandran R
Aug 2, 2024 1 min read

Gold Short Term Trend Reversal: An Analysis Amid Global…

Notably, gold reached a zenith one day before escalating tensions between Israel and Iran, marked by a Volume Spread Analysis (VSA) signal on the...
Rajandran R
Apr 22, 2024 1 min read

One Reply to “Gold on front foot now- Technical outlook.”

  1. please let me know your fees to manage trading account with capital of Rs. 5 laks and what is the return expected to be generated by your expertise?

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More