Hello All !!
Many Traders asked about GOLD and SILVER Analysis... This is a Small Effort to Contribute my Analysis for all those !!
Guys, For Bullions I am Long in Gold and Silver Since May 2016. The Analysis was updated to Our International Clients and It was made available to Our Global Clients through AMAZON Kindle on Primary Level.
Look at the First Analysis Report >> GOLD Report
The Same Report was available on AMAZON >> Amazon Link
By The Blessings of GOD, I was the First Person on International Platform to initiate a BUY Signal at Right Time, Comex GOLD always follows my levels and My International Clients are too happy and earning BIG Money in GOLD Trades.
I rarely trade in MCX Gold and SILVER... This is a small effort to Put my thoughts for you all !!
Let's See GOLD :
This is a Monthly Chart of GOLD on Comex.. You can see a Perfect Round formation since previous High in Gold. The Metal has formed a Strong Base at the bottom and After the Base formation in a box, We have seen a Breakout, which is Nonstop till now, Smaller Corrections and Pullbacks are a part of the game. don't miss understand rally means continuous upside. Now the Metal is Trading near it's all time high of 1920 approx.
Currently trading above 1798, which was a Strong Resistance. Now Next Resistance will be around 1920. Currently Trading at 1858. We Still have a Long Way to go up. We may see some Pullbacks Near 1920 and it may lead to 1800 levels but it is not a Correction of Change of Trend. do not Short !! Try to Wait and Buy the Dips !!
Above 1920, We will See a Move towards 2200++ Very Soon !!
Let's See Daily Chart :
This is a Daily Chart, We can see a Breakout above The Upper Resistance Line and Next Resistance at 1920 Directly... It's a Open Territory for Now till 1920. Above 1920 it will be blasting. Till then for a Pullback The Current upper Trendline Resistance will act as a Support. Follow the Line and Buy the Dips near Support !! Do Not Short !!
We will See In Terms of MCX ..
This is a Monthly Chart of MCX GOLD.. Perfect Rounding Bottom Breakout ! Moving along the Curve Silently. Even if Pullbacks Occur, It will be Supported by the Curve. Not Expecting any Bigger Correction yet.
For Clear Picture Let's see Daily Chart :
This is a Daily Chart on MCX, Moving along a Rising Channel and Just Done a Breakout from Channel Support and a Small Box Formation. This will Lead to a Move towards the Channel Resistance which is seen around 52000+ Levels.
Breakout and Support around 49300 Now, Do Not Expect it to break anytime soon. If you are Short, 49300 is a Problem area for you. If you are Long it will be your Stoploss.
Recommendation :
GOLD MCX is a Buy on Dips with a Stoploss of 49300 and The Targets are Expected to be 52000 - 54000 in a Short time frame.
Next is SILVER
SILVER on COMEX is a Big Opportunity for Traders...
a Strong Base Formation and Breakout above the Box Successfully Done !!
Breakout Levels @ 21.30 above 21.30 Buy without fear. Next Resistance will be 26.40 and thereafter 35+, It's a Long way to go on Silver.
Let's See MCX Analysis.
This is a SILVER MCX Chart on Monthly Timeframe. Clean Structure and Breakout is visible in this Chart also. Trading near All time high. 57780 was a Breakout Level. 65760 is Next Resistance in this metal.
Current Month Candle is too Strong and big, Wait for Some Pullbacks if you are not already in Long. Buy Near 57780, keep a Stoploss below 57000 and Wait for Targets of 65000 - 70000 and More.
Again Requesting ... DO NOT SHORT !!
BUY on DIPS is the Only Mantra for Bullion Traders..
SILVER is a Buy on Dips till 57780 with a Stoploss of 57000 and a Target of 65000 - 70000
Trade Carefully, Consider your Risk before Entering the trade. Understand the Lot Sizes and Risk Calculation.
Consult Your Financial Adviser for More details.
The Analyst Atul S Shinde is a Financial Analyst and Global Market Expert, Specialist in Comex GOLD. Certified Investment Adviser, working in Global and Domestic Markets Since Last 13 years. Having Client base Across the World.
The Views Expressed are For Educational Purpose and May be Biased, The Analyst and his Clients are Having HUGE Long Positions in these Metals.
To Learn More and Follow Analysis, you may communicate with the Analyst.
The Details are as below :
WhatsApp : (+91) 8275 298 208
WhatsApp : (+91) 8275 298 208
Email : service@planmymoney.in