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MCX Crude Oil Gold Silver Weekly Trading Plan 02-06 Aug

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Gold and Silver ends the week on a positive note. But still, there is a downside risk. Until Silver is trading below 69100 and Gold below 48500 levels.

Last week, Crude Oil traded on both sides. First, it breaks the support, and then later, it broke the weekly resistance level.

Above 5400 levels, bulls are in a strong position and can hit 5625/5750 levels in the coming days.

MCX Gold Weekly Levels

Next week, 03 & 05 August, are Gann reversal dates for MCX Gold.

Resistance is at 48100 levels; above that, Gold can move towards 48250/48500/48900.

Support is at 47680 levels; below that, MCX Gold can move towards 47500/47250/46850.

MCX Silver Weekly Levels

Next week, 03 & 06 August, are the Gann reversal dates for MCX Silver.

Resistance is at 68300 levels; above that, SilverSilver can move towards 68800/69500/70300.

Support is at 67300 levels; below that, MCX Silver can move towards 66800/66100/65300.

MCX Crude Oil Weekly Levels

Next week, 03 & 05 August, Gann reversal dates for Crude Oil.

Resistance is at 5560 levels; above that, Crude Oil can move towards 5600/5660/5750.

Support is at 5440 levels; below that, MCX Crude Oil can move towards 5400/5340/5250.

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

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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.