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🔍 Analyzing Zinc Price Trends: A Forecast for the Near Future for LME and MCX 🔍

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  Are you keeping an eye on the dynamic world of zinc prices over MCX or LME? Let's delve into the recent movements and take a glimpse into what the near future might hold! 📈💰 From February 12th, 2024, to March 12th, 2024, Zinc (MZNc1) embarked on an impressive rally, surging from USD 2280 to USD 2594. 🚀 That's nearly a 14% upside move in just a month! Talk about catching fire! 🔥💼 But as they say, all good things must come to a pause. Post-March 12th, 2024, zinc prices gracefully transitioned into a consolidation phase. The dust settled, and prices found a temporary home near the USD 2500 mark. 🏠💰 However, the calm waters were disrupted when today, we witnessed zinc prices dipping below the USD 2500 mark, settling at USD 2486. 📉💔 This movement hints at a lack of strong buyer presence at the USD 2500 zone and perhaps a slight sign of weakness in the market. 😕📉 Drawing insights from past technical data, it becomes evident that if zinc prices continue to descend, the re...
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🌟 Breaking Through Resistance: Gold's Journey to New Highs! 🌟

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  Have you been keeping an eye on the shimmering world of gold? ✨ Well, let's dive into the golden saga that unfolded in recent months! 🚀 For a while now, gold has been dancing around a major resistance level, teasing traders with its elusive charms in the range of $2020 to $2040. But hold onto your hats, because in November 2023, something magical happened! 🎩✨ The weekly closing of gold soared above this resistance, reaching around $2070. Talk about breaking barriers! 🎉💫 As the glittering bull charged forward, a frenzy of short covering ensued, propelling the market to dizzying heights, with the Asian sessions seeing gold reach a dazzling $2148. 🐂💥 It was a sight to behold as sellers scrambled to hit their stop losses, swept away by the unstoppable force of the golden surge! 🌊💰 But wait, the golden tale doesn't end there! 📜 After the exhilarating climb, gold gracefully settled into a consolidation pattern, finding solid ground in the support zone of $1990 to $2000. ⛓️...
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