Get started
nilakshgupta

MCX:GOLD Future Analysis

Long
Gold Futures (MCX:GOLD1!)  
nilakshgupta  
MCX:GOLD1!   Gold Futures
Trend Analysis Chart Patterns Technical Indicators mcxgold goldfutures trendanalysisexplained trendlineanalysis chartpatterntrading breakouttrading nseindia Commodities
6
0
trendanalysis chartpattern indicator mcxgold goldfutures trendanalysisexplained trendlineanalysis chartpatterntrading breakouttrading nseindia commodities
Trend Until May 2023 -
In the short term, Gold may fall to 58,800 or 57,950 levels.

Future Trend -
In the long run, post-May' 23, Gold is expected to consolidate, and once again breakout above the previous highs. It can reach 63,000 to 64,000 levels.

Technicals -
The leading indicator RSI is trailing above 60 in Daily, Weekly, and Monthly charts, and MACD has a bullish crossover above the zero line on Weekly-Monthly charts.
.
.
Follow me for more!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.