24th March view for Commodity and index

Good morning 

Gold open at 1991$ upside touch 2000$ 

A range is possible here for 1970-2000$ 

Above next resistance zone is 2020$ 

If inr (82.2) 

Support and move upside then gold can achieve 60000& 60400 

Enter with small qty. Only  

Downside support and stoploss 58500 

In silver there more room to go currently at 23$ 

Upside major resistance 24$ 

If positionally holding longs then 70200-71600 and 73000 for profit booking 

Downside reversal below 68220 only 

fresh Entry not possible here 

Crude -- crude holding the long setups at 5765;

Weakness again possible below 5730 

Currently at support 

Nifty and BANKNIFTY will touch previous lows again 

For nifty 16950 

BANKNIFTY 39300 & 39160 

(Future price)

23rd March view for Commodity

Good morning

Gold at 1973$

Upside resistance 1985-2000$ 

As expected FED rate hike 25 bps points now 

And long setups are continuously up 

Gold mcx open at 59220

No fresh entry but is take then prefer long only 

With Downside risk 58340 

Now silver have more room to go upside 

Currently at 22.90$ 

Upside resistance 23.2$ and 23.90$ 

In mcx 69780 and upside 70000 near upside 71000 view will be achieved for sure 

Fresh entry only take in decline 

Crude view is continue long 

Cmp 5806 

Sl will be 5720

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22 th March view

Good morning

GOLD at 1938$ 

Currently support at 1935$ & 1920$ 

Recovery above 1950$ 

MCX Gold 58520 

Range for GOLD 57700-58500 

Prefer longs on major support 

Enter with minimum qty. 

Comparatively Silver have strength in comex and MCX 

Silver range 22.2 & 22.6$ 

Long will be continued above 68800 for 68900 & 69400 

Crude - above 5800 crude will be continued for 6000-6100 

Weakness below 5610 

Bank nifty major hurdle currently at 40000-40150 

Nifty also continue rising above 17270 only

21st March view

Good morning

Gold at 59642 

Range for Gold 1975-2000$ 

In Mcx range for gold 59200- 60000 

Market is dicey before FOMC Meet on 22 March 

11:30 pm

 

Impact also on Indices too

SILVER ALSO IN LONG SIDE AND RANGE bound 

68800-69400 & 70000 

Nifty and bank nifty take support previous day 

Now nifty 17070 

BANKNIFTY 39600 

Strength in BANKNIFTY above 39800 

Same as nifty 17140 (strength above 17140)

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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