Tuesday, May 24, 2022

GOLD-SILVER-CRUDE VIEW #COMMODITY 25THMAY

 Namskar dosto 🙏

GOLD - Gold Comex Currently Recovered from 1808$ zone and moving upward continuously from last 5 trading sessions, Gold now in a trading zone of 1849$ to 1866$ & moving towards to 1888$. 

Important Data Today is NEW HOMES SALES AT 7.30 and FED CHAIR POWELL SPEAKS AT 11.50 PM  SO be cautious and avoid big positions overnight
I already given long side position at 1835$ hope you get benefit & profit booking also done on resistance zones 

Now Current view is long side BULLISH BIASED will be continue.
below 1844$ will change the view
1868-70$ zones is strong resistance won't break easily 

GOLD  MCX - Gold already long from 50400-450 , now 51000-51050 , view is clearly long here , view will change below 50850-800 only
 

👉avoid small risk-reward trade
Support - 50870-50500
Resistance - 51150-51400


SILVER - Silver Comex  also in range & Bullish biased continue here too
range - 21.70 to 22.20$ 

Already long from 21.5$ above 22.2$ clear breakout possible for 23.2$ keep long only setup active here

IN silver MCX taking support at 61350-400 , trend will change below 61000 only
sideways move possible this whole week in both gold & silver
 

Support 61100-400 

Resistance - 62000-62600

CRUDE  - Crude in range of 108$-111.5$
current view is positive
above 115$ clear long will be made
 

Crude MCX -
support 8460
resistance - 8660
either side breaks gets the clear view 

 

for fresh charts & view visit YOUTUBE & TELEGRAM  

https://tinyurl.com/enucym75



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