AbhishekHSinghCMT

MCX Gold - Bullish Gartley + Piercing Pattern Candlestick-47550

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MCX:GOLD1!   GOLD FUTURES
(Last - 49177 / 21:05 Hrs / 4th Dec2020)

Bullish Gartley + Piercing candlestick pattern ( Bullish Candlestick ) - suggest precious metal can start upside trend travel to 52500 (Target 1) & Strictly Above 52500 can travel to 56200+ (Target 2) - Stops below 47550

The piercing pattern is a two-day candle pattern that implies a potential reversal from a downward trend to an upward trend.

Three characteristics of this pattern include
1. Downward trend before the pattern,
2. Gap down after the first day, and
3. Strong reversal as the second candle in
the pattern.


Should cross 50% of previous downside candle

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Thanks
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India
YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
https://twitter.com/TalksWave

Comments

thanks. please post gold guinea idea.
+1 Reply
@bajajct100, If Gold is positive gold guinea will surely follow same path
Reply
Thank you
+1 Reply
Thank you sir👍
+1 Reply
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