Top 5 Commodities MCX Weekly Research Report, 16 To 20 May, 2022 Weekly, Monthly MCX Live Research Reports Released by Neal Bhai Experts Research Teams, India.
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Top 5 Commodities MCX Weekly Reports By Neal Bhai
Silver MCX (July) Weekly Recommendation – Trend DOWN ⇒ SELL Silver MCX Between 61300 – 61500, Stop Loss (CBSL) – 62700 Target – 58600 ↔ 57400 (MCX Silver POSITIONAL CALL)
Copper MCX (May) Weekly Recommendation – Trend Down ⇒ SELL Copper MCX 765 – 770 Stop Loss (CBSL) – 782 Target – 742 ↔ 727 (MCX Copper POSITIONAL CALL)
Natural Gas (May)Weekly Recommendation Trend Down ⇒ SELL Natural Gas MCX Between 618 – 622 Stop Loss (CBSL) – 645, Target – 582 – 554 (Natural Gas POSITIONAL CALL)
Spot Gold Trading Zone By Neal Bhai
Spot Gold Trading Zone Between $1,725 ——$1835 (trading plan). Wait and Watch Price and Buy on Demand zone. Thanks
- Spot Gold needs to breakout key level $1,770—$1,842 For new direction.
- MCX Gold price needs a firm break 51200 above to confirm a bullish reversal.
- How Do You Trade Gold For Beginners – Through MCX In 2022 [Step By Step Guide]
What do Neal Bhai think? [Gold 2022 Forecast]
Neal Bhai thinks that gold is likely to remain rangebound between $1,725 and $1,842 in 2022.
What happens if gold manages to break out of that range? First of all, gold needs to make a weekly close above $1,970 or below $1,832 to confirm a breakout. Second of all, the weekly RSI should be ideally near 80 or 20, respectively, when that happens. Finally, investors are likely to be convinced of a breakout if it’s accompanied by a breakout in yields.
GoldSilverReports MCX trading tips and data on over all commodity markets with expert Neal Bhai analysis tips and price analysis tools. Our team of commodity, multi commodity exchange of india limited (MCX) experts monitor markets daily, weekly, and monthly to identify trends and provide trading tips on future forecast reports. With this market intelligence and GoldSilverReports analytics platform, we produce mcx tips, mcx reports, forecasts, outlook and price.