Gold MCX Analysis: Trading Range AlertGold MCX - Short-Term Analysis
Gold is currently trading in a tight range and appears to be hovering around a resistance level. As of now, we advise caution for short-term trading, as the market lacks a clear direction.
Key Levels:
Range: 59660-60260
Additional Resistance: 60330-40
Our strict advice is to refrain from trading in gold at this moment until we receive a clearer indication of its next move. Market conditions may change rapidly, and it's essential to wait for a more defined trend before taking any significant positions. Patience is often a trader's best ally in uncertain times.
MCX
MCX - Ichimoku BreakoutStock Name - Multi Commodity Exchange Of India Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 2100
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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MCX ,1D formed shooting starNSE:MCX Multi Commodity Exchange of India Ltd is a commodity exchange based in India. It was established in 2003 by the Government of India and is currently based in Mumbai. It is India's largest commodity derivatives exchange.
MCX formed shooting star at daily timeframe (and gave closing below it) on resistance of parallel channel.
Entry : 1796
Target : 1648
SL : 1885
RR : 1.66
Long MCX - Move is ON..NSE:MCX
✅ #MCX - Trading above Resistance of 1634
✅ Next Resistance is at 1772
✅ Pattern as shown in chart
Related chart:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NAUTRAL GAS TIME CYCLE AND HARMONICS 10-08-2023Natural Gas seen a major decline in past now Harmonics pattern...indicating (Small and Large Circle) Same pattern in Natural gas Expecting a huge rally in NG in Coming Months.
Trade in Future With SL & Carry Forward can be done.
:)
A boost is for Appreciation and Support
Crude oil Future ( Next week Contract )Crude oil Future ( Next week Contract )
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entry: 5765
target: 5800 / 5830 / 5865 / 5910
stoploss: 5700
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enter only if market come again from "5810 to 5760".
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wait for proper reversal and conformation.
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don't be aggressive.
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refer old ideas attached below.