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Goldmcx

GOLD long setup (check the description)we have captured the down trend since the beinginng on trend change currently price has breached some fair value area and ob's from medium time frame as i have captured the big trend personally i wont be shorting instead will wait for my buying zone 58810 and 58665 is new current resistace 58275 and 58120 is the level where price would like wick this level to sweep the liquidity and stop loss of remaining buyers there after 58090 - 57970 would be the non mitigated old order block where there will be order and we can new buying from this level 57650 to 57875 will be last demand zone for gold where it will be value zone for buyers
MCX:GOLD1!Long
by Jimmy_Rebello
GOLD continue to decline again...GOLD FUTURES (MCX) continued to decline from the 59900 lvl and has broken the mtf support of 58135 with a gap down price then retested the support, (as the support breaks it will act as resistance now) similarly we seen a rejection and price coming back to day low further if the day low is taken out, we can project the price heading towards its higher time frame demand zone which is around 57650 and 57800 lvl if youre interested in creating fresh short side pos make sure you follow the lower high and lower low formation as there will be certain bounce when the bearish sign starts fadading
MCX:GOLD1!Short
by Jimmy_Rebello
GOLD MCXGold has possibly completed its complex correction in wave II and now it looks like wave III is unfolding, today it has given breakout from the down sloping resistance trendline, along with macd positive crossover and uptick in daily time frame, other indicators are also giving positive signs of uptrend at breakout point, as wave III unfolds, gold can possibly rise higher towards 52000 and more, one can go long at these levels or in dips ( if any ) with key levels mentioned on chart. wave struchture could be like this key levels are mentioned on chart macd in weekly macd in daily ready to bbc rsi in daily uptick and ready to cross above 60 levels dmi adx positive ungali Disclaimer I am not sebi registered analyst My studies are for educational purpose only Consult your financial advisor before trading or investing
MCX:GOLD1!
by RK_Chaarts
GOLDAfter retracing 61.8% of recent rise or we can say wave I, Gold has given a positive daily close in yesterday's trading session, it looks like corrective wave II is completed and now wave III can possibly unfold, we also noticed that since april 2020 gold is responding nicely as support and resistance at these areas of $1740 to $1760 price zones, at this time both things are combined at same location ( recent retracement 61.8% at price responding zone ), as wave III unfolds we can see prices at new higher highs then previous highs, any indicator turning bullish will surely make boost in prices, one can go long with stoploss of $1740, on higher side in the near term , the 50ema and 100ema in daily time frame, which are currently pegged at $1793 and $1799 respective are immediate resistance levels to watch out for. once gold breaks and sustains above the key daily emas, the bulls shall take charge in there hands and more boost in prices can be seen. on the way down, the swing low of $1743 will be a crucial support level to watch out for in the near term. Prices are at major responsed area ( support & resistance zone ) Price retraced near 0.618% of recent high key levels are mentioned on chart along with stoploss & targets wave structure could be like this Disclaimer I am not sebi registered analyst My studies are for educational purpose only Consult your financial advisor before trading or investing
GLong
by RK_Chaarts