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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's Next Bull Leg In ProgressBull Gateway: 1852 Gold spot has created three consecutive positive bars in the last 25 trading sessions (36 days) for the first time. And it's above 200 MA. That's a good sign for buyers! If gold breaks the parallel channel, my upside targets are 1866 - 1882 - 1906 - 1920 . But, it hasn't broken the parallel channel in the last trading session. It's at the resistance line of it. And XAUUSD is quite far to the bull gateway level. So, wait and watch is an option for bull traders. Gold's downtrend will start from the 1832 level. If it fails to break the parallel channel, then go for the following levels blindly: 1826 - 1812 - 1800 Watch significant releases or events that may affect the movement of gold, silver, crude oil, and natural gas. Tuesday, May 24, 2022 04:30 FOMC Member George Speaks - Low Impact 19:30 New Home Sales (Apr) - Medium Impact Wednesday, May 25, 2022 18:00 Core Durable Goods Orders (MoM) (Apr) - Medium Impact 20:00 Crude Oil Inventories - High Impact 23:30 FOMC Meeting Minutes - Medium Impact Thursday, May 26, 2022 18:00 GDP (QoQ) (Q1), and Initial Jobless Claims - High Impact 20:00 Natural Gas Storage - Low Impact Friday, May 27, 2022 17:05 FOMC Member Bullard Speaks - Low Impact
OANDA:XAUUSD
by forextidings
2
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
Outlook: MCX Gold downtrend stopped at 46720Key Levels: 46720, 46250. The corrective nature of the latest rebound suggests the Gold decline will continue. A break of hurdle will raise the possibility of the impulsive decline from near 46720 . A strong selling signal will come after a breakout of 46250 levels. So, intraday (day) traders can start selling between hurdle and breakout levels for the target of 46000 - 45460 - 44900 below. But according to the current situation, gold is trying to recover the loss from the last 2 weeks' events. It's not sellable until following the above scenario. We can see the gold prices at 48000 - 49000+ in the upcoming days. Watch significant releases or events that may affect the movement of gold, silver & crude oil. Monday, Jun 28, 2021 11:00 - Gold Index Tuesday, Jun 29, 2021 19:30 - CB Consumer Confidence (Jun) Wednesday, Jun 30, 2021 2:00 - API Weekly Crude Oil Stock 17:45 - ADP Nonfarm Employment Change (Jun) 19:30 - Pending Home Sales (MoM) (May)
MCX:GOLD1!
by freestocktips
9
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
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
MCX Gold Measured MovesGold has made a Doji in the weekly chart. It's a direct sign of a reversal. And wherein ADX is less than 25 but +DI above the -DI . Additionally, the 20 MA line is trying to stay downside. In short, DMI & MA is throwing a strong upward signal. Moreover, its volume is increasing. This week, we have chances to see gold prices above the 51860 levels. The day traders can follow the following targets: 51000 - 51360 - 51860+ And short-term investors can hold for 52000 - 53000 - 53560+ levels. All you need to do is watch out for a dynamic support trendline . It should remain above it. Else , it will start falling. And that downfall for the levels of 50000 - 49600 - 49360 . Significant releases or events that may affect the movement of gold: Monday, Nov 02, 2020 11:00 - Gold Index Tuesday, Nov 03, 2020 05:30 - U.S. Presidential Election Wednesday, Nov 04, 2020 02:00 - U.S. API Weekly Crude Stock 21:00 - U.S. Crude Oil Inventories
MCX:GOLD1!Long
by freestocktips
2
Can We Expect GOLD Price Above 56000 again?According to this chart, gold is reversing downward after making an all-time new high of 56191 . Its support level is 53800 . You can take this level as a hurdle too. We may see a correction up to this after the breakdown of DR. This dynamic resistance will initiate buying pressure for a short period. We have chances to see 55600 (T1) to 56000+ (T2) levels. Moreover, for short-term investors, I don't recommend selling the gold until the breakout of my support. Intraday traders can enjoy price fluctuation, consolidation, and sideways movement.
MCX:GOLD1!
by freestocktips