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PRECIOUS METALS OUTLOOK FOR AKSHAYA TRITIYA

PRECIOUS METALS OUTLOOK FOR AKSHAYA TRITIYA

GOLD MCX:
The long term monthly semi log chart structure of Gold suggests a range bound price moment from last 6 to 7 years. Prices have been holding strong lower level support near 25000, levels and facing resistance near 33000.

We at team NTDTRADING.IN advice to Gold Consumers & investors buy Gold only if required for personal consumptions like wedding or religious purpose, investors should avoid investment in Gold.

Smart Traders can buy Gold and hedge it against selling Dollar (USDINR), as our USDINR target by March 2019 till Oct 2020 is anywhere between 50 - 54.

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GOLD INTERNATIONAL: The International Gold has given early indication of bottom out formation near 1200 level. The monthly Semi Log Chart formation developing higher bottom formation in short term.

The Trend following momentum oscillator like ALLIGATOR, MACD has given positive early confirmation of Trend reversal in International Gold. 

As per the Fibonacci price & time retracement we at Team NTDTRADING.IN seeing 1735, upside target level in next 2 to 3 years (2019-2020).



GOLD MCX & INTERNATIONAL (MONTHLY SEMI LOG CHART)



SILVER MCX: (MONTHLY SEMI LOG CHART)


SILVER MCX: In Silver MCX Major trend reversal seen with support of trend following momentum oscillator. Previously in 2006, MACD momentum oscillator on monthly basis has given Buy signal near 10,000, level silver rallied up to 70,000. At current juncture we are seeing same signal development happening and in coming two to three months will sell fresh upsurge in Silver.  

We would like to advice to accumulate Silver MCX between 38000-48000, for the upside target level of 120,000 -150000 approximately in coming 2 to 3 years.

SILVER INTERNATIONAL: Even in Silver we saw early positive chart development near $15, Level. After given upside positive reversal from the recent bottom level International Silver is trading in higher top & higher bottom formation. At the current juncture 17 seems best case formation.
 
The Monthly Semi Log Chart structure is suggesting silver holding strong multiple supports of long term trend line & previous top.

We at team NTDTRADING.IN seeing major move can happen in next 2/3 years and target will rewarded.

We would like to advise commodity Investors to go for Long term investment in Silver. Smart Traders can buy Silver and hedge it against selling Dollar (USDINR), as our USDINR target by March 2019 till Oct 2020 is anywhere between 50 - 54. As we mention earlier.  


(April 28,2017)

























Disclaimer:All information given here is largely based on technical analysis which is highly dynamic in nature and relevant only at a particular point of time. Users are advised to pursue these recommendations only at their own risk and first consult their personal investment advisor when making investment decisions. We are not liable and we take no responsibility for any loss that you incure by trading/investing on our recommendations. these study are posted for educational purpose only.

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