Friday, May 12, 2023

view 12 th may commodity ( downword move can start here)

Good morning

Gold - Gold at 2010$ at current after the Initial Jobless Claims data some weakness we can see clearly here 
If gold fall below 2000$ it will surely go down to 1975$ 
In system Gold MCX have some weakness 
Avoid fresh longs and enter in shorts side after giving signal 

USDINR have strength at current
Mcx price can stuck in a range 

Silver- silver fall yesterday and broke major zone 24.6$ support 

Now 23.7$ and 23.2$ is major support zone 
If stuck buy side then wait for recovery 

Weekly closing should be above 24.28$ 

In MCX Silver start downtrend AFTER 74500 zone broke 

Now important major support 73400 

If it's break then 72100 and then 70000. 


Expiry have more then 2 months if stuck buy side wait for long side entry to Average this

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