Category Archives: Commodities

MCX GOLD Forecast for 28-31 October 2024: Key Levels and Trading Strategy

By | October 27, 2024 1:10 pm

Last Night, the Israeli Air Force conducted a coordinated strike campaign against military targets inside Iran, dubbed Operation “Days of Repentance.” The mission involved dozens of aircraft, including strike fighters, refueling tankers, and reconnaissance planes, all of which have successfully returned to their bases in Israel. Several key strikes targeted Iranian air defense sites, broadening… Read More »

MCX CRUDE Forecast for 28-31 October 2024: Key Levels and Trading Strategy

By | October 27, 2024 12:09 pm

Last Night, the Israeli Air Force conducted a coordinated strike campaign against military targets inside Iran, dubbed Operation “Days of Repentance.” The mission involved dozens of aircraft, including strike fighters, refueling tankers, and reconnaissance planes, all of which have successfully returned to their bases in Israel. Several key strikes targeted Iranian air defense sites, broadening… Read More »

MCX CRUDE Forecast for 21-25 October 2024: Key Levels and Trading Strategy

By | October 20, 2024 10:36 am

WTI crude has fallen below $69 per barrel, marking a decline of over 8%, the largest weekly drop since the last week of September. Weakness in oil intensified further today by slowing economic growth in China and a reduction in supply disruptions in the Middle East. China’s GDP grew by 4.6% in the September quarter… Read More »

MCX GOLD Forecast for 14-18 October 2024: Key Levels and Trading Strategy

By | October 13, 2024 12:13 pm

Strong demand has emerged at recent lower levels, with gold near 75000  As long as these levels hold, the bias is upward, potentially setting the stage for new price highs. These levels are key indicators for ongoing market trends, and sustained support at these points could lead to continued upward momentum. MCX GOLD Gann Angle… Read More »

MCX CRUDE Forecast for 14-18 October 2024: Key Levels and Trading Strategy

By | October 13, 2024 10:55 am

A role reversal has occurred, with previous key resistance now acting as strong support, prompting a price rebound. Implied Volatility (IV) remains elevated at 53-56%, and skews are heavily favoring calls over puts, indicating that the geopolitical risk premium from West Asia is still factored in. The recent price correction has been substantial, suggesting the… Read More »

MCX GOLD Forecast for 16-20 September 2024: Key Levels and Trading Strategy

By | September 15, 2024 9:58 am

MCX GOLD Gann Angle Chart Gold is back above its  3×4 Gann Angle resistance. MCX GOLD Supply Demand Zone MCX GOLD  Supply Demand Chart : Demand in range of  72235-72150, Supply in range of 74000-74100 MCX GOLD Harmonic Analysis Above  73500  price is heading towards 74105-74555 based on Bullish ABCD Pattern. GOLD Astro/Gann Trend Change… Read More »