Goldmcx
GOLD (XAUUSD) UPDATED CHARTBUILDUP WAS VERY STRONG FORMING A TRIANGLE PATTERN...
WAIT FOR THE BREAKOUT ...
GOLD MCX ANALYSISGold MCX has strong Channel Line Support As marked on the above chart and we can see buying resuming in the GOLD MCX, With the Stoploss of 50400 one should Go Long for the Targets of 52000 and 54000 on the upside. Once GOLD MCX Closes above 52500 it May Again Resume its bullish momentum.
GOLD MCXOn the 4 Hourly Charts Gold MCX has Strong Support Zone around 49900-50000, As it was previous Channel Resistance now acting as support. We may see the uptrend resuming, On should follow strategy to buy on correction and Hold for investment with Stoploss below 49000 on closing basis.
gold mcx gold facing clear rejection on the above if the price didn't sustain on the zone we could expect the price to 46300 and 46800
gold mcx MCX:MCXGOLDEX
gold strugling to move up buy above 47400 for a tgt of 47900
and on the lower side sell below 47200
GOLD MCX MINI JUNE 2020 PREDICTIONGold MCX is Trading in Rising Wedge Technical Pattern as marked on the Chart above. Support zone For the Gold Seen at 46300- 46150 Which is the decisive levels. On the Upside Resistance is Capped at 48400, The Wedge Formation Resistance, We Suggest to Go Long on GOLD MINI for the Targets of 48400 and 49000 Place stoploss below the support Zone which comes out to be 46100-46000 (Place Stop Loss As per closing Basis) Means there should be daily closing below 46000 Levels
