Mcx gold and silver bullish breakout watch upside targets

Mcx gold trend reversal targets 28150 and 28850

Mcx gold trend reversal targets 28150 and 28850

Mcx gold on last trading session closed at 27776 with gain. Mcx gold has given bullish breakout above major hurdle of 27510 and entered into bullish territory. Mcx gold has made rounding bottom around 26900 and from that level we saw almost 900 rupee rally. Yesterday mcx gold hit high of 27823. Mcx gold price trend and momentum both are now bullish. Daily chart price pattern is with rounding bottom and indicators are with fresh buy signals. On upside my January targets are 28150 and then 28850 for mcx gold future. We already saw high of 27800+. Above 27500 on daily closing basis keep buy on dips trading strategy for this bullion commodity and expect big upside targets in short terms. Mcx silver bullish breakout heading for 41300 to 43500 targets

Mcx silver bullish breakout heading for 41300 to 43500 targets

Mcx silver on last trading session closed at 40200 with gain. Mcx silver future price trend is now bullish as we saw strong trend breakout above 39800 level. Breakout happened with strong price action and with volume so expect big upside for silver prices in short terms. Mcx silver above 39800 on daily closing will head for my given positional targets of 41300 and then 43500. Mcx silver daily chart is with rounding bottom pattern and we saw bottom at 38500. Daily and weekly chart indicators are bullish and with buy signals.

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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