Gold, Silver & Copper: Key Trading Levels to Watch
After the recent sharp sell-off across global metal markets, traders and investors are closely monitoring critical support and resistance zones that could determine the next major move in Gold, Silver and Copper.
The correction has been driven by a combination of a stronger US Dollar, hawkish central bank commentary, profit booking after an extended rally, and concerns regarding global industrial demand. As volatility increases, market participants must focus on price rather than emotions.
At Panchasutra, we believe that important trading levels act as roadmaps for market participants. These levels help traders identify potential breakout zones, reversal areas, risk management points and high-probability trading opportunities.
The levels shared below are intended to provide a structured view of the market and should be used alongside proper risk management, position sizing and confirmation from price action.
Remember:
Markets do not move because of opinions. Markets move because of order flow.
Let the market decide the direction, and let the levels guide your decisions.
Important Trading Levels
THE BELOW IS IMPORTANT GANN LEVELS FOR GOLD USD AND MCX FUTURES. THESE LEVELS ARE VERY POWERFUL AND FULL OF VIBRATION.
BELOW THIS IS ICHIMOKU CHART OF COPPER. THE PRICE IS AT CLOUD SUPPORT AND ANY FURTHER BEARISHNESSS WILL START BELOW TODAYS LOW WHEN IT WILL BREAK THE CLOUD AND MOVE DOWN.
MERCURY WILL BECOME RETROGRADE ON 29TH JUNE AND THIS IS OBSERVED THAT IN THIS PERIOD COPPER EITHER TRADE WITH MILD BULLISHNESS OR SIDEWAYS BUT AS SOON AS MERCURY START DIRECT MOVE COPPER STARTS GOOD UPMOVE AS SHOWN IN THE CHART. MERCURY DIRECT DATE IS 24TH JULY.
COPPER TURNED BACK EXACTLY FROM GANN ANGLE 4TH TIME.
SUPPORTS ARE DISPLAYED IN THE CHART. THIS IS NO WHERE WRITTEN THAT
MARKET WILL RESPECT OUR SUPPORT LEVELS JUST BECAUSE WE HAVE DRAWN IT THERE.
MARKET IS SUPREEME AND WE HAVE TO FOLLOW THE MARKET.
IF SUPPORTS ARE NOT HOLD WE HAVE TO MANAGE OUR TRADE ACCORDINGLY.
WE SHOULD ALWAYS BUY ON SUPPORT ONLY IF IT IS SHOWING SOME REVERSAL PATTERN OR STRENGTH.
SILVER CHART IS VERY POOR AMONG THESE THREE ANALYSIS. IT WAS USED TO BE FAVOURITE OF EVERY TRADER A FEW DAYS AGO BUT NOW THIS IS FAVOURITE OF BEARS. LEVELS ARE GENERATED BELOW. 13 JULY IS IMPORTANT TIME CYCLE DATE FOR SILVER.
SILVER GOLS ALSO PERFORM LIKE COPPER IN MERCURY RETRO PERIOD AND POST RETRO.
MERCURY WILL BECOME RETROGRADE ON 29TH JUNE AND THIS IS OBSERVED THAT IN THIS PERIOD GOLD AND SILVER BOTH EITHER TRADE WITH MILD BULLISHNESS OR SIDEWAYS BUT AS SOON AS MERCURY START DIRECT MOVE THESE BOTH RANGA BILLA STARTS GOOD UPMOVE AS SHOWN IN THE CHART. MERCURY DIRECT DATE IS 24TH JULY.
Panchasutra Market Note
In periods of panic, prices often move faster than fundamentals. Traders who remain disciplined, patient and focused on key levels are usually better positioned than those reacting emotionally to every headline.
Stay Alert. Stay Disciplined. Stay Ahead.
Team Panchasutra
www.panchasutra.com