Precious metal Gold and Silver last week traded in a range. Gold twice dropped from the discussed 49450 levels, and the Silver 72800-70300 range too worked fine.
MCX Gold Silver price action suggests a big move is around the corner.
MCX Crude Oil Weekly levels worked great. Crude Oil made exact low near discussed 4990 support level and jumped 225 points.
Above 5100, Crude Oil bulls are in control and can take Oil beyond 5350 levels.
MCX Gold Weekly Gann Levels
Next week, 14 & 17 June, are Gann reversal dates for MCX Gold.
Resistance is at 49200 levels; above that, Gold can move towards 49450/49800/50300.
Support is at 48750 levels; below that, MCX Gold can move towards 48500/48150/47650.
MCX Silver Weekly Gann Levels
Next week, 14 & 17 June, are the Gann reversal dates for MCX Silver.
Resistance is at 72800 levels; above that, Silver can move towards 73100/73600/74400.
Support is at 71950 levels; below that, MCX Silver can move towards 70650/70150/69350.
MCX Crude Oil Weekly Gann Levels
Next week, 14 & 17 June, Gann reversal dates for Crude Oil.
Resistance is at 5230 levels; above that, Crude Oil can move towards 5270/5330/5450.
Support is at 5140 levels; below that, MCX Crude Oil can move towards 5100/5040/4920.
Note: The above levels are only for study. Not a Buy/Sell advice.
