14 March 2016


GOLD::The above is daily chart of International spot Gold. It suggests that prices are still hovering near higher levels. However, momentum is slowing down. In this week, prices may find support near $1235 levels and expected to retest previous high of $1284. Further move above this will open the door towards $1310 levels. Hence, bias is likely to trade on bullish note. Above is MCX Gold Oct daily chart. It depicts that prices are taking resistance at horizontal trendline located at 30160 levels. After gaining more than 13 percent in last 2 months prices are trading in sideways zone. On the downside, immediate support is located at 29065-28425 and further at 28030 levels. However, cross of crucial resistance 30160 will take it towards 30670 levels
SIVER:: Above is MCX Silver daily chart. just like international Silver, MCX prices are also forming cup and handle pattern. In this week, it is expected touch immediate resistance of 38180 and further 38850 levels. On the flip side, immediate support is located at 36650 and 37150 levels. Hence, bias is expected to trade on bullish mode.
CRUDEOIL::Above is daily chart of MCX Crude oil. It suggests that prices are taking resistance near 2665 levels. Last Friday’s Doji candle suggests reversal in the uptrend. Hence, it is expected to give correction till 2465 and 2400 levels. However, if it continues its bullishness then it will gain till 2890 levels

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