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



No comments:

Post a Comment

Why Cash is King in the Market

Why Cash is King in the Market In the world of investing, trends come and go, strategies evolve, and asset classes rise and fall. Yet one pr...