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Mcxgold

MCX Gold Price Limited Downside, Big UpsideMCX gold has started falling since 1st June, and it's moving under a parallel channel. But this time, it can break out this channel. Why? I will explain it through Elliott wave projection in the next update. In the last trading session, it made a Doji candlestick. And that's a sign of trend change. If gold does not break the crucial level, then it can drop up to 0.382 to 0.236 . In simple words, short-term targets: 46200 - 45960 - 45765 And for long-term traders: 45600 - 45060 But, the uptrend isn't far away. If gold does breakout of 46860 level, then we may see 47276 - 47600 - 47960+ . Don't get confused! You have to watch out the level 46860 for an uptrend, and the closing price below the Doji candle indicated a bearish trend signal. This week we may see higher fluctuations due to upcoming economic events. Watch the following significant releases or events that may affect the movement of gold, silver, crude oil, & natural gas: Monday, Oct 04, 2021 15:30 OPEC Meeting - Medium Impact Tuesday, Oct 05, 2021 19:30 ISM Non-Manufacturing PMI (Sep) - High Impact Wednesday, Oct 06, 2021 02:00 API Weekly Crude Oil Stock - Medium Impact 17:45 ADP Nonfarm Employment Change (Sep) - High Impact 18:30 FOMC Member Bostic Speaks - Medium Impact 20:00 Crude Oil Inventories - High Impact 21:00 FOMC Member Bostic Speaks - Medium Impact Thursday, Oct 07, 2021 18:00 Initial Jobless Claims - High Impact 20:00 Natural Gas Storage - Low Impact Friday, Oct 08, 2021 18:00 Nonfarm Payrolls & Unemployment Rate - High Impact
MCX:GOLD1!
by freestocktips
1
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
Manappuram | Cup & Handle Pattern 🎯⭕ Positional Trading opportunity ! Weekly Chart Alert !!! ⭕ --Buy above =170 or CMP --Target = 187 | 209 --Stop-loss = 159 --Lot Size = 6000 --R:R = 3.61 --Expected Profit = 2,28,000₹ per lot ( 22% ) --Expected Holding = 3-6 Months only #ThankU For Checking Out Our Content , We Hope U Liked IT 📌 ====================================================== ⭕ Technical Reasons to trade or Strategy applied :- ⭕ 1) Cup & handle formation 2) Volume is good at the time breakout 3) fundamental is also good ( Check Once More ) 4) Refer Chart for more Guys check out the related ideas as well, it will work really well GUARANTEED ! 🙏FOLLOW for more ! 👍LIKE if think is useful ! ✍COMMENT Below your view !
NSE:MANAPPURAMLong
by ReviveTraders
9