Last week Gold didn’t follow the analyzed cycle, and it moved downward.
On Monday & Tuesday, Gold bulls tried to break above the Weekly resistance level but get failed. That was a good sign of weakness.
MCX Crude Oil did the perfect Gann price time squaring and fell 250 points. Now the last week’s high will act as strong resistance in oil.
MCX Gold Trading Levels
Next week 24 February, is the crucial date for MCX Gold.
Resistant is at 46550 levels; above that, Gold can move towards 46800/47150/47600.
Support is at 46010 levels; below that, MCX Gold can move towards 45750/45400/44950.
MCX Silver Trading Levels
Next week 24 February, is the important Gann dates for Silver.
Resistant is at 69600 levels; above that, Silver can move towards 69999/70600/71600.
Support is at 68800 levels; below that, MCX Silver can move towards 68400/67800/66800.
MCX Crude Oil Trading Levels
Next week 22 & 24 February, are the crucial dates for Crude Oil.
Resistant is at 4410 levels; above that, MCX Crude Oil can move towards 4460/4530/4680.
Support is at 4280 levels; below that, Crude Oil can move towards 4230/4160/4010.
Note: The above levels are only for study. Not a Buy/Sell advice.
