Gold FuturesShort
#MCX #GOLD View at 4:00 PM 31th July'2020.
#MCX #GOLD
Analysis time frame:- 1 Hour (Short term intraday to a couple of days view)
Intraday to short term positional :- Sell gold below 53,240 SL 53,683 Target 1 :- 52,850 & Target 2:- 51,826
Reason:- Rising Wedge, elliot wave showing correction, falling volume, and RSI divergence.
Analysis time frame:- 1 Hour (Short term intraday to a couple of days view)
Intraday to short term positional :- Sell gold below 53,240 SL 53,683 Target 1 :- 52,850 & Target 2:- 51,826
Reason:- Rising Wedge, elliot wave showing correction, falling volume, and RSI divergence.
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