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Mcxgold

Gold Trading Strategy for 18th November 2024GOLD TRADING STRATEGY Buy Above: $2575 If the gold price closes above $2575 on a one-hour timeframe, it may indicate a bullish trend. Consider buying at this level with appropriate risk management strategies. Sell Below: $2554 If the gold price closes below $2554 on a one-hour timeframe, it may signal a bearish trend. Consider selling at this level with appropriate risk controls. Current Price: $2563.220 This strategy is based on key technical levels and requires confirmation of a one-hour closing price above or below the thresholds. Traders are advised to use stop-loss orders and position-sizing techniques to mitigate risks. Disclaimer: This content is for educational and informational purposes only and should not be construed as financial or investment advice. Trading in commodities, including gold, involves substantial risk of loss and is not suitable for all investors. Market conditions can be volatile and unpredictable, influenced by various factors such as economic data, geopolitical events, and global market sentiment. The price levels mentioned are illustrative and subject to change based on market dynamics. Before making any trading decisions, you should perform thorough research or consult with a licensed financial advisor. You are solely responsible for any trading or investment decisions you make, and neither the author nor the publisher of this information shall be held liable for any losses incurred. Always trade with capital you can afford to lose and ensure your trading practices align with your risk tolerance and financial objectives. Past performance is not indicative of future results.
OANDA:XAUUSD
by ramkkyy
MCX GOLD - ONE MORE SHORT ATTEMPT ?MCX GOLD is currently trading at 68900. I shorted GOLD twice in last three weeks. One position was closed in 700 points profit and other went 1000 points in profit and then closed CTC. I'm shorting MCX Gold Futures once again at CMP 68900. I will add more short position if 69600 comes & will hold with SL above 70100. I think rally in gold is about to end and I'm expecting Gold to fall soon & change its trend from bullish to sideways - negative. M pattern is in making in 4 HTF. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
MCX:GOLD1!Short
by akshit_official
Rally is about to end in MCX GOLD ?MCX Gold has rallied one way from 62000 to 67000 in last 5 weeks without any major retracements. Gold is currently respecting a rising channel pattern & currently trading at higher end of this channel pattern. I'm expecting gold to correct and touch bottom of this rising channel. I tried to short gold last week but it went sideways so I had to close. Closed that position in 700-750 rupees in profit. I am seeing a trading opportunity in gold. Here's a trading opportunity. GOLD CMP - 66780 I'm taking short positions in Gold June Future at CMP 67160. Holding Future short position with Stoploss 67600. I'm also planning to short MAY 65000 CE positionally which is now trading at 2500-2600. I'm expecting a correction in Gold very soon. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
MCX:GOLD1!Short
by akshit_official
6
MCX GOLD - Profit Booking on Cards?MCX Gold has rallied one way from 62000 to 66000 in last 8 days without any major retracements. This sharp up move can not sustain without a good retracement. Dollar Index is also trading at a major support zone of 102.500 so there's very high chance that we might see a correction very soon. Here's a trading opportunity. GOLD CMP - 65950 I'm taking short position in Gold April Future at CMP 65935. Will add more position if 66100 comes. Holding with Stoploss 66300. I'm expecting minimum 1000 point correction in Gold very soon. Gold 65000 PE is currently trading at 345. I'm taking some position in it too. I'm expecting it to get double by next week. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
MCX:GOLD1!Short
by akshit_official
10
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 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:GOLD1!
by iamrk7
1
MCX GOLD future (short trade setup)61845 was the HIGH 60,000 to 59,500 has the bearish liquidity side where the price is getting rejected also from the top to lower time frame lower high i.e. 5700 we got pullback and retraced back to 0.5 of fib zone which is giving selling pressure the nearest LTF support we have is 58735 and further downfall we can see if this level break will be upto 57650 lvls in the short term gold is getting weak as per chart pattern we can see double top or M pattern formed on 1h chart 58735 is also the neckline of the pattern which is import level to watch out on gold
MCX:GOLD1!Short
by Jimmy_Rebello
Gold may reach All time high in coming days.Analysis of Gold has been given in the chart, What we need to understand over here is small/minute details which plays a very important role. There is this plain thinking or myth or possibility that I've heard is that When Gold price shoots up equity market goes down. I am observing this for quite a long now, so sometimes it works and sometimes it doesn't but what we can extract from the data is helpful, it works 80%of time. Just to keep in check we can take trades according to this type of significant analysis. PS: This is just for educational purposes. If you have any doubt feel free to reach out. Regards.
FX_IDC:XAUUSDLong
by Pratik_Barchha
4