VIEWS ON SILVER AFTER IMPORT DUTY REDUCTION

 VIEWS ON SILVER 

SO AS We See The Fall After Custom duty Reduced By 6% in Both GOLD & SILVER 

So Lets Understand HOW TECHNICAL STRUCTURE Are Looking Right Now & What can be Possible Here for Next Few Days 

so lets see how charts are looking at this point of time and what we are the possibility 

SILVER - lets first talk about the Silver Comex 

weekly charts view as we see from May onwards SILVER  Moving in a range of 26$ to 32$

and from may 1st to 20th may it rallied 20-21%  upside 

and again after 20th may it slumps to 29$ 

and from 26th june it started rallying and made 31.5$ high on 10th July 

and before Budget we can see a slight sell off if you look at the chart and then in budget import duty reduced and now we are here at 

28$ (budget impacted only MCX prices)

so if you can understand the technical then you can see the pattern on upside & downside on this chart 

so lets come to the point 

MAJOR SUPPORT HERE IN SILVER COMEX ARE 27.5$ AND 26$ (which is MULTIYEAR SUPPORT) 

BIASED VIEW LOOKING AT TEACHNICALS IS SELL SIDE 

NOW Lets talk about SILVER MCX here 

So Right Now What we should looking is comex prices movement because after import duty reduction mcx levels wonts make any significance here 

but still here ARE SOME MAJOR SUPPORT in SILVER MCX AT 80000 & 78000(very important support for bulls to hold ) 

VIEWS ON GOLD AFTER CUSTOM DUTY REDUCTION

 VIEWS ON GOLD 

SO AS We See The Fall After Custom duty Reduced By 6% in Both GOLD & SILVER 

So Lets Understand HOW TECHNICAL STRUCTURE Are Looking Right Now & What can be Possible Move Here for Next Few Days 

As I Always Mentioned That Following A System Is More Important Rather Then Assuming & Take Assumption About the Markets

Because No Matter How We look at News-Data-Technicals

Ultimately Our Position Sizing Decides The Outcome of Our Trading In These Asset Class 

And If You Stuck At This Time Then Your Margin Money & Temperament Will decide Either You Are Going Hold Position or Book Losses 

So Lets See How Charts Are Looking at this point of time and what we are the possibilities 

GOLD - lets first talk about the Gold Comex 

weekly charts view as we see from May onwards Gold Moving in a range of 2285$ to 2450$ 

and from may 1st to 20th may it rallied 7% upside from 2285$ to 2450$

and again after 20th may it slumps to 2285$ till 10th of June 

10th June to 26th June gold move between 2300$ to 2360$ 

and from 26th June it started rallying and made 2483$ high on 17th July 

and before Budget we can see a slight sell off if you look at the chart and then in budget import duty reduced and now we are here at 

2375$ (budget impacted only MCX prices)

So If you can understand the Technical then you can see the pattern on upside & downside on this chart 

so lets come to the point 

MAJOR SUPPORT HERE IN GOLD COMEX ARE 2360$-- 2340$--- And Finally 2290$ and if 2290$ break then we see 2200$ levels also (will discuss this in upcoming blog)

BIASED VIEW LOOKING AT TEACHNICALS IS SELL SIDE 

NOW Lets talk about GOLD MCX here 

So Right now what we should looking is Comex prices movement because after import duty reduction mcx levels wonts make any significance here 

but still here ARE SOME MAJOR SUPPORT , GOLD AT 67830 RIGHT NOW 

GOLD MCX - MAJOR SUPPORT ZONE 66250--65400 & 64000 (65400 WILL BE IMPORTNAT SUPPORT ZONE IN MY OPINION)

SILVER VIEW 👉open

BENEFITS OF SYSTEMATIC TRADING #EDUCATION

 BENEFITS OF SYSTEM TRADING -

1.Trading Systems Follow Predefined Rules Rather Than Educated Guesses Or Feelings

2.A Trading System gives a entry rule & exit rule with predefined risk

3.Trading System helps to compound the Trading Qty.and gave an edge to the trader

4.Trading System helps to trade multiple assets

5.Trades Monitoring becomes easy

6.MAJOR HELPS TO KEEP PROFITS AS LONGS & CUT LOSSES AS EARLY 

 

HERE IS THE ONE SYSTEM PRESENTING BELOW 

CONTACT ME ON 7737726236 

TO KNOW MORE 

COMMODITY MARKET VIEW FOR NEXT WEEK 30TH OCT

 Gold view -

Gold giving weekly closing here at around 1665-75$
Which make a bullish formation candle
Also monthly closing here which is also forming bullish formation
NFP on Friday can also give a positive sentiment to the Gold
Here is one more thing which is important to consider DEEPAWALI season Near and as we see market shows bullish sentiment before this festival

50700 is important zone in gold MCX
We'll see weakness below 50000 level
Currently Gold at 50400


Support zone - 50000 & 49600
Resistance 50700- 51100

SILVER VIEW

Silver view -

Silver also have bullish formation and closing can also be strong here
Similiar in monthly time frame
Also you can see a breakout about to happen on charts
Upper resistance at 19.8$
trend change below 56000

currently at 57050
 

In Silver MCX

Support at 55700-56350

COMMODITY VIEW FOR 2ND JUNE #GOLD #SILVER

 NAMSKAR DOSTO! 

 
1.GOLD - gold comex was bearish side from 1845$ and current view is also short side currently at 1833$, Everything was
 discussed in Video
IMP DATA - NFP on Friday important day for Commodity ISM MANUFACTURING PMI , JOLTS jobs openings today
ADP NONFARMS EMPLOYMENT, INITIAL JOBLESS CLAIMS at 6PM friday
CRUDE OIL INVENTORY at 8:30 AT friday  
support - 1808/1818$
Resistance -1868/1848$
IN MCX GOLD support 50420-50520
Resistance - 51150-50900

2. Silver - silver overall bearish side
support 60500/60200

Resistance - 61300/62100

3.crude - overall is bullish now
support - 8820-8900

resistance 9250

please comment down below for view and join telegram

COMMODITY VIEW FOR 27TH MAY #GOLD #SILVER #CRUDE

 NAMSKAR DOSTO!

GOLD - GOLD comex made a low of 1840-44$ now recovering currently at 1849$ moving towards 1855$ above 1855-57$ move will be
  continue to 1868$ we saw volatility today when DATA came out which I Discussed in yesterday's Blog
There is no important data tomorrow but gold can be volatile , next week(friday) is NFP so be cautious
support - 1842$-1832$
Resistance - 1855$-1868$
Gold mcx - gold mcx longs are been made with good risk-reward , short was exited in profit
now gold moving towards 51000-51150
View will change below 1840$ only
Biased view bullish now

SILVER - As I Said in previous Blog that silver in range and trade with level to level
in Silver Mcx support 61000-61250
               Resistance 62000-62250

CRUDE - Crude comex range was break today which is  108.5$ to 111.5$ now 114$+
       breakout already done and target achieved in crude Mcx 8460 to 8660 range break then 8900 upside target done
which I clearly give on Telegram (link above)
now no fresh entry  clear upside move will continue , avoid short side trade   Biased view - Bullish 

FOR NATURAL GAS, COPPER,ZINC VIEW COMMENT DOWN BELOW WILL POST 

 

PLEASE VISIT YOUTUBE FOR CHARTS LINK ABOVE
 

 

COMMODITY VIEW FOR 26TH MAY #GOLD #SILVER #CRUDE

Namskar dosto !

GOLD - GOLD COMEX take the resistance at the 1869-68$ and reverse from the top now the range is 1869$ to 1844$ & 1831$
       as I said in Previous 1848$ there will be a short side move will come or it can continue . today from the morning Gold starts  correction and made a low of 1841$ recently
IMP. DATA-  FOMC MEETING MINUTES at 11.30PM on 25th may
     on 26th may US GDP Q1 NO. will came out & also INITIAL JOBLESS CLAIMS will be out at 6 PM

Current View - is bearish And also biased view bearish here below 1848$
               view will go wrong above 1855-57$ only
               Below 1831$ will see clear downside of 1818$
TRADE ONLY IF STOPLOSSES ARE MANAGABLE

IN GOLD MCX Support - 50500-400
            Resistance - 51050-51150  ( short already continues from the 51000 levels )

SILVER - Silver in a range of 21.67$ to 22.11$ and
         below 21.66$ clear short will be made
Current view - no fresh trade here

IN SILVER MCX below 61200 clear shorts will be made
support - 61400-61100
Resistance - 62060-62250

CRUDE - Crude Inventory was out today at 8pm
moved only beteen 108.5$ to 111.5$

support - 8460-80  
resistance 8670-80

current view - slightly positive


PLEASE LEAVE A COMMENT IF YOU LIKE IT 

FOR CHARTS VISIT YOUTUBE https://www.youtube.com/watch?v=1lFvwnmfkZM

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