COMMODITY view for 30th March

youtube Good evening 

Gold at 1970$ 

Prefer long side view only 

For 1985-2000$ 

Reversal below 1945$ only 

In mcx 58950 

Downside move only below 58450 

Keep long here 

In silver mcx open at 71600+ 

Prefer longs only stoploss will be bigger at this price 

Reversal below 69700 in bigger time frame 

Upside profit booking zone 72600 & 73500 

In comex view is long and 

LOOKING AT STRUCTURE 24$ LEVEL WILL BREAK HERE 

1000-1500 point move we can see anytime 

Crude - long continue with a range of 6000-6100 

Cmp 6060 

No entry currently

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COMMODITY view for 28th March

Good morning

Gold at 1960$ 

Upside resistance 1965-1970$ above this clear long for 2000$ again 

In MCx 58300-450 crucial support zone 

Recovery above 59000 

Cmp 58685 

In silver long will be continued above 70300 

Cmp 701000 

In silver 

69500-600 is crucial support zone for silver now

Crude at 6000 long will be continued 

No fresh entry now 

Upside resistance 6070-6050

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view on gold silver for 27th march

Good morning

Gold at 1975$ 

Weakness below 1970$ only 

Range 1975-2000$ 

In MCX strength above 59500 

Cmp 59150 

Weakness will be broader below 58800 

ENTER ON BUY SIDE ONLY WHEN THERE IS RECOVERY 

Silver Comex at 23.05$

22.97 is crucial support 

Crucial support at 70000 

Cmp 70300 

In crude above 5760 strength will continue 

Below 5760 prefer short trades

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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)