Daily Commodity Report

by - 12:16 pm

MCX Gold price has shown breakdown of its falling channel pattern at 29890 levels on hourly chart.
On the other hand, prices have been trading below 100 HEMA on hourly chart . In addition, COMEX Goldprice has shown breakdown of its horizontal trend line at $ 1260 levels . Moreover, Momentum Indicator RSI is hovering near 50 levels on hourly time frame. For now we expect prices should move lower towards 29450 levels in the coming trading sessions.

 

  
On hourly chart, MCX Silver prices have witnessed breakout of its Symmetrical Triangle formation
at 42185 levels. On the other hand,COMEX Silver prices are trading In a  cup & handle  formation on hourly time. Moreover,Momentum indicator RSI is trading above 60 levels on hourly basis . For now we expect prices to move higher towards 43000 levels in few trading sessions. 

For news on Indian Stock Market Tips,Mcx Commodity Trading Tips please visit us at http://ripplesadvisory.com or call at 9303093093.

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