Mcx Tips
A good day for our mcx tips subscribers . We asked them to sell gold and silver today . Both precious metals crashed from our selling level and our both trading calls achieved target . Here is what we wrote to our subscribers today .
Sell mcx silver at 47780 with stoploss of 47980 for target of 47500. It crashed and made low below 47500 . Our commodity call target achieved. We booked nearly 8000 profit per lot in this trade.
Sell gold future at 31185 with stoploss of 31241 for target of 31120 .. Gold made low of 31121 after our trading call . Our target almost achieved and our subscribers booked near 31125 .
Currently mcx precious metals are trading below our targets. Support stands at 47320 and 31080. If market break and sustain below these base. Then expect more pressure in bullion market till 47100- 31000 and even more panic in market not ruled out. Main selling is due to higher dollar index. So avoid any buying in market for now.
We even sold comex silver at 20.33$ and booked partial profits at 20.15$ . Comex Xagusd support stands at 19.80$. If traders pull this base and manage to sustain below this support. Then expect more pressure in xagusd till 19.60$- 19.40$.
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