We are pleased to announce the launch of our New website dedicated to WD Gann's work.

MCX Gold Silver Crude Oil Gann Levels for 30 Aug-03 Sep Week

Published On:

Updated On:

Last week Gold and Silver traded higher. Gold almost did the target of 47800 (the high was 47731). MCX Silver rallied over 3% and did the high around the discussed resistance zone (63600-800).

Next week, the 47600-800 zone will play a crucial for MCX Gold. If Gold sustains above that zone, it can rally towards 48300/48600 levels.

MCX Silver has jumped strongly from the lower levels. Despite that, it is below the 63600-800 resistance zone. Next week, if Silver breaks and sustains above 63600-800 zone, it can rally towards 64800/66000 levels.

Last week, above the weekly resistance level (4680), MCX Crude Oil jumped over 400 points on the upside.

The 5090-5135 range will play an important role for Crude Oil bulls in the coming week. If Oil breaks and sustains above the 5090-5135 range, it can rally more. Else, a pullback towards 4990/4930/4850 levels can happen.

MCX Gold Weekly Levels

Next week, 30 August & 03 September, are Gann reversal dates for MCX Gold.

Resistance is at 47750 levels; above that, Gold can move towards 47900/48200/48800.

Support is at 47300 levels; below that, MCX Gold can move towards 47150/46850/46250.

MCX Silver Weekly Levels

Next week, 30 August & 01 September, are the Gann reversal dates for MCX Silver.

Resistance is at 63800 levels; above that, Silver can move towards 64200/64700/65300.

Support is at 62800 levels; below that, MCX Silver can move towards 62400/61900/61300.

MCX Crude Oil Weekly Levels

Next week, 30 August & 01 September, Gann reversal dates for Crude Oil.

Resistance is at 5090 levels; above that, Crude Oil can move towards 5130/5180/5240.

Support is at 5020 levels; below that, MCX Crude Oil can move towards 4980/4930/4870.

Note: The above levels are only for study. Not a Buy/Sell advice.

Ready to look Deeper into WD Gann's Breakthrough work?

Subscribe now and elevate your understanding of WD Gann's techniques through our informative blog posts. Your path to learning begins here!

About the Author

Divesh Jotwani is a Full-time trader in the Indian stock market. He has spent over 20+ years researching and discovering WD Gann's methods and applying them day in and out markets.