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MCX Gold Price Analysis: Key Levels and TargetsFinding a foothold at 61960 , MCX Gold prices hinge on a crucial juncture. A crossover and break today could lead to target prices of 61860 , 61760 , and 61560 . The range of 62360 - 61960 holds paramount significance for day traders, potentially game-changing. Breaking 62360 may pave the way for an attainable target at 62660 , with further implications if this level is breached. Intraday traders are advised to closely monitor the 62360 to 61960 price range for decisive market moves. Stay tuned for more insights.
MCX:GOLD1!
by freestocktips
Gold Price Predictions for 2022In the previous trading session, MCX Gold made a high of 51538 and closed at 51343 ( +444 ). A question is, is it moving upward? To identify uptrend: There are two hurdles to continuing the uptrend. It should break out the 5th May high or settle above the control line. According to the above chart, Gold is forming a bullish flag pattern. And we're waiting for a breakout of the flag pattern. This breakout will skyrocket the gold price, and we can see 6400+ points of bullish movement here. Long-term target for gold 58000 - 60000 . Gold downtrend confirmation: But if gold breaks the support trendline (invalidation), then a downtrend may start. And if it happens, I will update you asap. At present, intraday traders can keep buying for targets of 51500 - 51800+ levels. Watch significant releases or events that may affect the movement of gold, silver, and crude oil. Monday, May 09, 2022 04:30 FOMC Member Bostic Speaks - Medium Impact 11:00 Investing.com Gold Index - Medium Impact 18:15 FOMC Member Bostic Speaks - Medium Impact Tuesday, May 10, 2022 17:10 FOMC Member Williams Speaks - Medium Impact 18:00 FOMC Member Bostic Speaks - Medium Impact 21:30 EIA Short-Term Energy Outlook - High Impact Wednesday, May 11, 2022 00:30 FOMC Member Mester Speaks - Medium Impact 02:00 API Weekly Crude Oil Stock - Medium Impact 04:30 FOMC Member Bostic Speaks - Medium Impact 18:00 Core CPI (MoM) (Apr) - Medium Impact 20:00 Crude Oil Inventories - High Impact 22:31 10-Year Note Auction - Low Impact 23:30 Federal Budget Balance (Apr) - Low Impact Thursday, May 12, 2022 10:30 Natural Gas Storage - Low Impact 13:30 IEA Monthly Report - Medium Impact Friday, May 13, 2022 08:30 Import/Export Price Index (MoM) - Low Impact 11:00 FOMC Member Kashkari - Medium Impact 12:00 FOMC Member Mester Speaks - Medium Impact 13:00 U.S. Baker Hughes Oil Rig Count - Medium Impact
MCX:GOLD1!Long
by forextidings
5
MCX Gold's Bullish Mode ActivatedDid you read the 26 Jan 2021 article on Gold? Article: Don't Get Yourself Into a Bull Trap With MCX Gold Wherein I have highlighted a strong resistance (SR) which is 49280 . It has broken down on 14 Feb 2022. That indicates the MCX gold uptrend is unfolding here. If it consecutively remains above the SR, we will see the gold price above 51160 - 51740 . The following indicators have been indicating impending advance: ADX, DMI, and MA Watch significant releases or events that may affect the movement of gold, silver, and crude oil. Tuesday, Feb 22, 2022 19:30 S&P/CS HPI Composite - 20 n.s.a. (YoY) (Dec) - Medium Impact 20:15 Manufacturing, Markit Composite, & Services PMI (Feb) - Medium Impact 20:30 CB Consumer Confidence (Feb) - High Impact Thursday, Feb 24, 2022 03:00 API Weekly Crude Oil Stock - Medium Impact 19:00 GDP (QoQ) (Q4), and Initial Jobless Claims - High Impact 21:00 Natural Gas Storage - Low Impact 21:30 Crude Oil Inventories - High Impact 22:30 FOMC Member Mester Speaks - Medium Impact
MCX:GOLD1!Long
by forextidings
MCX Gold Price Limited Downside, Big UpsideMCX gold has started falling since 1st June, and it's moving under a parallel channel. But this time, it can break out this channel. Why? I will explain it through Elliott wave projection in the next update. In the last trading session, it made a Doji candlestick. And that's a sign of trend change. If gold does not break the crucial level, then it can drop up to 0.382 to 0.236 . In simple words, short-term targets: 46200 - 45960 - 45765 And for long-term traders: 45600 - 45060 But, the uptrend isn't far away. If gold does breakout of 46860 level, then we may see 47276 - 47600 - 47960+ . Don't get confused! You have to watch out the level 46860 for an uptrend, and the closing price below the Doji candle indicated a bearish trend signal. This week we may see higher fluctuations due to upcoming economic events. Watch the following significant releases or events that may affect the movement of gold, silver, crude oil, & natural gas: Monday, Oct 04, 2021 15:30 OPEC Meeting - Medium Impact Tuesday, Oct 05, 2021 19:30 ISM Non-Manufacturing PMI (Sep) - High Impact Wednesday, Oct 06, 2021 02:00 API Weekly Crude Oil Stock - Medium Impact 17:45 ADP Nonfarm Employment Change (Sep) - High Impact 18:30 FOMC Member Bostic Speaks - Medium Impact 20:00 Crude Oil Inventories - High Impact 21:00 FOMC Member Bostic Speaks - Medium Impact Thursday, Oct 07, 2021 18:00 Initial Jobless Claims - High Impact 20:00 Natural Gas Storage - Low Impact Friday, Oct 08, 2021 18:00 Nonfarm Payrolls & Unemployment Rate - High Impact
MCX:GOLD1!
by freestocktips
1
Weekly Outlook of MCX GoldIn June, XAUUSD and MCX Gold crash due to FOMC events. It has recovered almost 60% to 70% loss in the July month. You can read the previous articles of Gold to catch the next move. This week gold may remain downside until it breaks the levels of 48520 . It can be up to 47580 - 47200 . But, once it crossover the 48520 levels, then it will become unstoppable again. And we will see 49000 - 49500+ levels soon. Watch significant releases or events that may affect the movement of gold, silver, crude oil, and natural gas: Wednesday, Jul 21, 2021 02:00 API Weekly Crude Oil Stock - Medium Impact 20:00 Crude Oil Inventories - High Impact 20:00 Cushing Crude Oil Inventories - Medium Impact Thursday, Jul 22, 2021 20:00 Natural Gas Storage - Low Impact
MCX:GOLD1!Short
by freestocktips
15
PART 2: When Will MCX Gold explode?On 15 Feb 2021, I have written an article on Gold. First, click below & read again: URL: I have written in that article, " If gold remains below 47296 levels, it will come down to 0.618 value of Fib retracement. Targets: 46860 – 46600 – 46000 – 45660 – 45200 ". Gold has touched all targets. NEW UPDATE: ============== Keep eyes on the retracement value of 0.618. It will act as a resistance. Targets: 44260 - 43600 - 43000 - 42260 Alternative scenario: If gold remains above 45200, it may try to hit 0.382 (TP: 46000 – 46800+ ).
MCX:GOLD1!Short
by freestocktips
1
UPDATE: When Will MCX Gold explode? [Profit - INR 210000]As expected, gold has started collapsing after a breakout of the test level. Will it keep falling? First, click here and read the previous article on gold: When Will MCX Gold explode? I have written in clear words, " If gold remains below 47296 levels, it will come down to 0.618 value of Fib retracement. Targets: 46600 – 46000 – 45660 – 45200 ". Gold has touched the first two targets by making a low of 45861. Profit per lot Rs.2,10,000 Anyway, what next? Gold can take a U-turn from here. This can be up to 46760 levels. Overall, it's under a downtrend.
MCX:GOLD1!Short
by freestocktips
What's Next for MCX Gold Guinea Price Trend ForecastMCX Gold Guinea is making a triangle pattern. As per the ADX, the trend is weak and, +DI is above the -DI. That indicates an uptrend ahead. Additionally, 200 MA isn't broken. According to DMI & MA, we have chances to see 40260 - 40500+ levels. But, if you look at the triangle pattern, it seems bearish. We have more chances to see downward (huge selling pressure) if it breaks the support line (dashed). And 50 MA is indicating the same. Hence, once it breaks the support line, intraday traders can sell for the following targets: 39460 - 39260
MCX:GOLDGUINEA1!
by freestocktips
2
Determining the MCX Gold Price Next Big Move According to this chart, gold has started falling from August month. Doji appearing in the last trading session. It's signaling a possible reversal. If gold follows the dynamic resistance, we may see a continuous downtrend. That can be up to 0.5 ( 47300 ) to 0.618 ( 45200 ) of Fib retracement. Fib retracement: Swing High: 56191 Swing Low: 38400 Here's ADX less than 25 , and +DI is above the -DI. Additionally, 200 MA & 50 MA is throwing uptrend signals. If we follow the moving average, gold may try to hit 51000 - 51990 ( 0.236 ) levels. Intraday traders should watch dynamic resistance before entering.
MCX:GOLD1!
by freestocktips
1
Gold & Gold Guinea Tips & Updates - PROFIT 1,30,100+Gold has started rising from U.S. Presidential Election. I have said in the previous newsletters, bullion sector commodities are strongly bullish. How many of you bought Gold and Gold Guinea? MCX Gold Measured Moves I had written for the intraday traders that, " ...the day traders can follow the following targets: 51000 – 51360 – 51860+ And short-term investors can hold for 52000 – 53000 – 53560+ levels". Intraday Calls Profit: Rs.116100+ /lot Short-term Calls Profit: Rs.1,30,100+ /lot Gold Guinea price setting up for a big rally I had written in bold word, "... intraday & short-term traders can buy using this strategy to make some money. Targets: 41800 – 42200 – 43000+". Profit: 600+ Points /lot
MCX:GOLD1!Long
by freestocktips