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MCX Gold & Silver Intraday Tips & Update

Posted: 06 Apr 2021 05:33 AM PDT

MCX Silver Will Touch 68000?

Volume accumulation is confirming a downtrend. Here, the price is in a downtrend. But if you look for the short-term, silver price has started rising nearby the retracement value of 0.382. We may see a bullish reversal from the 0.236 value for 0.382 to 0.5.

MCX silver futures prices may hike to the levels of 66000 – 66600 – 67000 – 68000.

Overall, a clear trend will identify after moving averages crossover.

Gold: Profit Booking Time

How many of you bought gold?
Article: MCX Gold & Gold Spot Price Ready For Another Rally Attempt (1 Day Ago)

I have written in clear words, “MCX gold will move upward gently this week. Hence, intraday traders can jump between the range of 45200 – 45300. Targets: 45560 – 45680“.

Gold has made a high of 45680 today at 5:24 PM and touched all targets.
Approx. profit: Rs.38,000 per lot

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