Friday, April 28, 2023

view for may in gold and silver

Good morning 

Gold at 1988$ 
In mcx currently at very crucial zone 
Downside reversal possible below 59500 
(Only closing basis)

Major support zone 59680-700 

Upside resistance 60400 

Trade in lighter qty. And hold for longer trade 

Do not be long side below 59500-400 
In gold. 


Silver - silver is making flag - Penants formation in comex 

If Breakout happen then a sudden 3-4% move can be possible at this price 

Dont be long below 24.5$ (closing basis) 

In mcx don't be short side below 72700

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...