Last week, twice, Gold bounced from the discussed 48400-48550 Gann support range. Later Gold fell 1000 points from the important Gann resistance level.
Gold and Silver are likely to trade in a range. Gold bulls need a weekly close above 49450-800 range to continue the rising trend. MCX Silver range is 72800-70300. Either side, weekly close will set the trend.
MCX Crude Oil Weekly levels also worked well. Above 4990, Crude bulls are in control.
MCX Gold Weekly Gann Levels
Next week, 07 & 11 June, are the Gann reversal dates for MCX Gold.
Resistance is at 49100 levels; above that, Gold can move towards 49300/49600/49990/50500.
Support is at 48800 levels; below that, MCX Gold can move towards 48600/48300/47900/47400.
MCX Silver Weekly Gann Levels
Next week, 07 & 11 June, are the Gann reversal dates for MCX Silver.
Resistance is at 72100 levels; above that, Silver can move towards 72400/72800/73400/74600.
Support is at 71200 levels; below that, MCX Silver can move towards 70900/70500/69900/68700.
MCX Crude Oil Weekly Gann Levels
Next week, 07 & 11 June, Gann reversal dates for Crude Oil.
Resistance is at 5110 levels; above that, Crude Oil can move towards 5150/5210/5270/5350.
Support is at 4990 levels; below that, MCX Crude Oil can move towards 4950/4890/4820/4740.
Note: The above levels are only for study. Not a Buy/Sell advice.
