Target 51,700 Main Stop loss at 51,100 Disclaimer : Trade with your personal views..
Here's a short term analysis for MCX-GOLD Fibonacci Levels shown in the image might act as targets. 50% retracement level would need a re-analysis.
Gold is has been tested blue trend line multiple time. before it makes any significance moves it has horizontal levels to broke
Crude oil has history of huge movements in one direction. GMMA analysis shows the change in trend. Look for selling opportunity in rallies. Selling around 3000 level would be profitable. your humble trader Kiran
NATURAL GAS IS BEST TIME TO BUY AS IT HAS BOUNCED UP FROM ITS HISTORICAL SUPPORT.
It may be possible that top is or getting in place for Gold in MCX. Will continue to monitor over the next few weeks.
Cotton has low liquidity issue otherwise it is good long trade.
Mcx make it high on high and touch to its strong resistance so trader please aware of market in buying side risk to reward ratio is very less for sure to take sell position until it come to support
Resistance 1 : 51,550 Resistance 2 : 51,350 Support 1 : 50,400 Support 2 : 49,900
Little target 51,250. main stop loss is in 50,425
COTTON BRAKE OUT FROM THE LONG TERM RESISTANCE. SOME WHAT SIMILAR TO THE INVERTED HEAD AND SHOULDER. LET SEE HOW IT DEVELOPS.
Channel and possible bounce zones on uptrend shown
Possible channel breakout and next support and resistance levels shown