GOLD GUINEA 78750 zone acting as the trigger level - BreakoutThis current move exhibits stronger bullish conviction compared to earlier rallies, as shown by consecutive long-bodied green candles and reduced upper wicks, indicating follow-through rather than rejection.
The immediate resistance lies around 78750, a level that has repeatedly capped upward momentum throughout July.
A successful breakout and sustained close above this level would likely confirm the end of the consolidation phase and initiate a fresh leg up toward 79500–80000, a previous supply zone.
On the contrary, a rejection here could mean another pullback toward the 78200–78000 zone, keeping the range structure alive.
Given the rising sequence of higher lows, improving structure, and building momentum, the chart now leans toward a bullish breakout bias, with the 78750 zone acting as the trigger level for a potential rally continuation.
XAUTRY1! trade ideas
Good sold at 97750 today booked at 96860 , sell riseHow My Harmonic pattern projection Indicator work is explained below :
Recent High or Low :
D-0% is our recent low or high
Profit booking zone: D13% -D15% is
range if break them profit booking start on uptrend or downtrend but only profit booking, trend not changed
SL reversal zone : SL 23% and SL 25% is reversal zone if break then trend reverse and we can take reverse trade
Target : T1, T2, T3, T4 and .
Are our Target zone
GOLD remains neutral to mildly bearish unless a breakout occursCurrently, the price is hovering around 78213, which is the midpoint of the range, reflecting market indecision and the absence of a strong directional bias.
The lack of follow-through on bullish moves and frequent wicks on both ends suggest possible liquidity traps or false breakouts. Short-term bias remains neutral to mildly bearish unless a breakout occurs.
A bullish breakout above 79000 with strong volume could retest the 80200–80500 resistance zone, while a breakdown below 77000 may lead to further downside toward 76500 or 75800.
Traders may consider range-trading strategies while keeping alerts for potential breakout or breakdown setups with tight stop-losses due to the choppy structure and fading momentum.
GOLD Breakdown at the Barrier: Bears Regain Grip Below ₹78,800GOLD has once again faced a strong rejection at the ₹78,800 resistance, triggering a sharp decline to ₹77,899 and breaking the recent higher low structure. Despite multiple attempts, the price failed to close above this key supply zone, signalling active seller presence. The short-term trend has turned neutral-to-bearish, with immediate support at ₹77,500 and deeper downside potential toward ₹76,700 if this level fails. Resistance remains firm at ₹78,800, ₹79,500, and ₹80,000. Unless bulls reclaim ₹78,800, sellers are likely to dominate, reinforcing a cautious to bearish outlook.
OK.....
No problem ,
Lets Wait
How Bears ACT
But ULTIMATELY BULLS WIN !!!
GOLD tug-of-war between buyers and sellers near key levelsCurrently, the price hovers near ₹78,489, slightly below the ₹78,800 resistance. If bulls can decisively break above ₹78,800 and hold, the next resistance targets are clearly demarcated at:
₹79,500 — minor resistance and previous support-turned-resistance.
₹80,000 — psychological round level and a previous top.
Failure to break ₹78,800 again may trigger a minor pullback to the ₹77,800 support zone, which has held well multiple times in the past few sessions.
The recent formation of higher lows and higher highs signals a short-term bullish structure.
Traders may look for a breakout and retest of ₹78,800 for fresh longs with targets near ₹79,500 and ₹80,000. On the downside, ₹77,800 remains key support to watch.
GOLD market is in a neutral-to-slightly bullish consolidationthe price sits at ₹78,189, holding above the key support zone of ₹77,800–₹78,000. Candlesticks are narrowing, indicating reduced volatility and a possible breakout buildup.
If bulls reclaim ₹78,800 with strong volume, we may see a retest of ₹79,500 and possibly ₹80,000.
However, a fall below ₹77,800 will weaken the structure, risking a drop to ₹76,800.
In summary, the market is in a neutral-to-slightly bullish consolidation, and traders should watch for breakout or breakdown signals from the current tight range.
Good holding sell trade from 97950 , downside 96800,96400 targetHow My Harmonic pattern projection Indicator work is explained below :
Recent High or Low :
D-0% is our recent low or high
Profit booking zone: D13% -D15% is
range if break them profit booking start on uptrend or downtrend but only profit booking, trend not changed
SL reversal zone : SL 23% and SL 25% is reversal zone if break then trend reverse and we can take reverse trade
Target : T1, T2, T3, T4 and .
Are our Target zone
GOLD MCX The momentum is still favouring the bullsThe chart shows a decisive bullish recovery from the ₹77,300–₹77,400 support zone, where price formed a clear base and then rallied sharply. A strong upward move carried the price above ₹78,500, testing a resistance zone around ₹78,750–₹78,900. However, the latest candle indicates short-term selling pressure or profit booking, as it pulled back slightly after the sharp rise. Despite this, the overall price structure remains bullish, characterised by higher lows and higher highs since July 9. As long as the price sustains above ₹78,200–₹78,300, there is potential for a renewed push toward ₹79,000–₹79,300. On the downside, any breach below ₹78,000 could weaken the structure and bring a retest of ₹77,500. The momentum is still favouring the bulls, but close monitoring near the resistance zone is essential for traders.
Good mcx updated levels sell below 97400 , buy above 98100How My Harmonic pattern projection Indicator work is explained below :
Recent High or Low :
D-0% is our recent low or high
Profit booking zone: D13% -D15% is
range if break them profit booking start on uptrend or downtrend but only profit booking, trend not changed
SL reversal zone : SL 23% and SL 25% is reversal zone if break then trend reverse and we can take reverse trade
Target : T1, T2, T3, T4 and .
Are our Target zone
Fundamental Analysis – Gold Outlook - 14th to 20th JulyFundamental Drivers for the Week Ahead
U.S. CPI (Consumer Price Index) – July 16, 2025
A softer print will increase Fed rate-cut bets, boosting gold.
Fed Chair Powell’s Comments – July 18, 2025
Any dovish tilt can ignite safe-haven buying.
India's Rupee Trend & Monsoon Update
Weak rupee = higher MCX gold; strong rupee = some pressure.
Monsoon progress may also influence rural gold demand sentiment.
Gold Guinea - Short Term Bullish Challenges Resistance - ₹78,600The 2-hour chart of MCX Gold Guinea displays a strong recovery trend, with the current price at ₹78,472 and climbing steadily from the recent low near ₹77,000. The price has now retested a key horizontal resistance zone that previously triggered a major sell-off near the ₹78,500–₹78,600 range.
This recent rally has formed a clear higher low and higher high structure, indicating that bulls have regained short-term control. The breakout attempt from the previous consolidation zone has been followed by bullish candles with good body size and momentum, showing strong buying pressure. However, the latest candle shows a slight rejection wick at the top, indicating that sellers are defending the ₹78,600 zone.
If price sustains above ₹78,600, it could open the path toward ₹79,200 and ₹79,800, filling the gap left from the breakdown in late June. On the downside, ₹78,000–₹77,800 now becomes the first support zone. A failure to hold above this zone could lead to a pullback.
Gold Guinea Eye Breakout – Bulls Test Crucial ₹78,500 ResistanceMCX Gold Guinea shows a strong bullish recovery back toward a key resistance zone near ₹78,400, after bottoming out around ₹77,000. The recent rally has been steady, forming higher lows and higher highs—indicating short-term bullish momentum is building up. The price action has now reclaimed the consolidation range it was stuck in earlier (between ₹77,500 and ₹78,500), suggesting buyers are regaining control.
However, ₹78,500–₹78,800 remains a crucial resistance area, as it previously acted as a supply zone before the breakdown on June 24th. The current candles are small-bodied and forming near resistance, hinting at buying exhaustion or profit booking. If the price manages to close above ₹78,800 with strength and volume, it may open up a fresh leg toward ₹79,200 and eventually ₹79,800.
On the flip side, failure to break and hold above ₹78,500 could lead to a pullback to ₹77,800 or even ₹77,500, which now acts as immediate support. Until a breakout above the resistance range is confirmed, the structure remains cautiously bullish but not yet in a full uptrend.
Gold trading in narrow range sell on rise will continue How My Harmonic pattern projection Indicator work is explained below :
Recent High or Low :
D-0% is our recent low or high
Profit booking zone: D13% -D15% is
range if break them profit booking start on uptrend or downtrend but only profit booking, trend not changed
SL reversal zone : SL 23% and SL 25% is reversal zone if break then trend reverse and we can take reverse trade
Target : T1, T2, T3, T4 and .
Are our Target zone
Gold Struggle – Bearish Grip Tightens Near ₹77,500Unless the price decisively closes above ₹78,000–₹78,200, the current movement should be considered a pullback within a larger downtrend. A renewed breakdown below ₹77,400 may trigger fresh selling pressure, with the next key downside level likely near ₹76,900.
Trend: Bearish
Resistance: ₹78,000 – ₹78,200
Support: ₹77,400 → ₹76,900
Bearish unless price reclaims ₹78,200 with strength
Gold as said earlier negative move , sell on rise 95100, 94300, How My Harmonic pattern projection Indicator work is explained below :
Recent High or Low :
D-0% is our recent low or high
Profit booking zone: D13% -D15% is
range if break them profit booking start on uptrend or downtrend but only profit booking, trend not changed
SL reversal zone : SL 23% and SL 25% is reversal zone if break then trend reverse and we can take reverse trade
Target : T1, T2, T3, T4 and .
Are our Target zone
[Commodity] Intraday Gold Buy IdeaNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
=======
I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
=======
I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
=======
Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives
MCX GOLD Petal - market indecisionThe recent candles are choppy, with mixed direction and long wicks, reflecting market indecision and low conviction from both buyers and sellers. Price is hovering around the mid-range of the fall, indicating a range-bound structure with no clear breakout or breakdown yet. If the price breaks below ₹9740, it could retest the major support at ₹9651. Conversely, a breakout above ₹9850 with volume may invite a retest toward ₹9940 and ₹10000. Until then, the bias remains neutral-to-bearish, with volatility compressing inside a sideways band.
MCX Gold Guinea overall sentiment remains bearish to neutralMCX Gold Guinea July Futures are currently exhibiting signs of bearish consolidation after a steep sell-off from the ₹80670 levels, where strong resistance led to a decisive breakdown. The price has since retraced to the ₹78580 zone but failed to sustain above it, leading to a phase of tight range-bound movement between ₹77750 and ₹78580. Recent candlestick formations on the 2-hour chart show low volatility, narrow bodies, and compressed ranges, suggesting a potential build-up for a breakout. However, this consolidation resembles a bearish flag or rectangle—typically a continuation pattern favoring the prevailing downtrend. A break below ₹77750 could trigger a sharp move toward ₹77300 and ₹76900, while any breakout above ₹78580 with volume could invalidate this setup and push the price toward ₹79050–₹79230.
Momentum indicators also align with the bearish structure. The Money Flow Index (MFI) is currently at 28.64, indicating oversold territory, but without divergence or recovery—reflecting weak buying pressure and the risk of further downside. The MACD histogram, though flattening, still trades in the negative zone with no bullish crossover, suggesting that the selling momentum has cooled but buyers are not yet taking control. Together, these indicators suggest a market in pause mode, awaiting a decisive move.
From a fundamental standpoint, the gold market remains under pressure globally. Stronger U.S. macroeconomic data, particularly around jobs and inflation, has led to a delay in rate cut expectations by the Federal Reserve. This has strengthened the U.S. dollar and kept Treasury yields elevated, both of which are traditionally bearish for non-yielding assets like gold. Furthermore, safe-haven demand is subdued due to the absence of immediate geopolitical shocks. On the domestic front, the Indian rupee remains stable, and seasonal gold demand has softened post-Akshaya Tritiya, contributing to the muted movement in MCX prices. Jewelry demand has not picked up significantly, and speculative positions are cautious.
In conclusion, Gold Guinea July Futures are caught between technical compression and macroeconomic resistance, with bias tilted toward the downside unless ₹78580 is decisively breached. Traders should watch for a breakdown below ₹77750 for bearish continuation or a breakout above ₹78580 for any bullish relief. Until then, the overall sentiment remains bearish to neutral, supported by both price action and macro fundamentals.