sell gold stya blw 60650 looks dwn 60550-450 yes mkt on higher lvl but looks some profit booking keep tigt sl spot gold 1983 or sell here with tgt 1974--70
Gold MCX Analysis
Current Status: Gold MCX is currently in a consolidation phase with no clear trading direction.
Key Levels to Watch:
Support Break: To establish downside momentum, watch for a break below 58880, which may signal a potential downtrend.
Immediate Resistance: The immediate resistance zone is 59265-70. If the price approaches this level,...
gold mcx -good upmove yeterday and saw profit booking near important resistance zone 60500 fresh upside strong move on day closing above 60500 .for now on rise towards 60000 can sell gold chances of visiting 58000-57000 level will be high in coming weeks . Negative view fails on strong close above 60500 levels .
(this are my personal views .I might be wrong...
A descending Triangle breakout after a ABC correction seems bullish
With Geopolitics and Macros also favoring GOLD
Resistances and Targets are clearly shown
Gold is currently forming a falling wedge pattern, which is a bearish reversal pattern.
- Resistance level for the falling wedge is at 59410
- Support level is at 58900.
If gold breaks below the support level, it could fall to the next support level at 58410. If gold breaks below the 58410 level, it could continue its downtrend to the next support level at 57910.
Bullish price action refers to a series of price movements and candlestick patterns in a financial market that indicate an upward or bullish trend is likely to continue or emerge. Here are some common signs of bullish price action:
1. Higher Highs : In an uptrend, each successive high should be higher than the previous one, demonstrating an upward momentum in...
Price action saying every thing about this charts
Egarly waiting 4 Small🤏 resistance cross , and i wanted to enter in this
My r:r is very FEVRABLE now
Only waiting for some dips n then blasts
My target🎯 is 65k+
Stoploss is 58850 only wclb
* IM NOT IN FAVOUR TO SHORT INSTEAD WAIT FOR VALUE BUYING AREA*
gold has breached all of its recent support and this fall looks like free fall maybe because of dxy rising
57460 and 56300 will be very important level base on previous trend low to recent high fib retracement of 0.6 and 0.7 golden zones are appearing on exactly on our fair value area
WILL UPDATE...
buy gold stya abv 58100 tgt looks 58270--300++++ buy on dips sl 57966 spot gold abv 1877 looks zoomed 1890=96$ yes today cpi data so may be some voal tile
spot buy gvn 18580060 or in mcx 57585 or 57779 see now its zoomedd high 1871++ or in mcx almost 58000 hope u ejoyedddddd or not ---- stya bav 1873 looking up side till 1880$ in mcx 58120+++++ expect more lvl stya here
gold spot made high 1855$ now 1858--60$ strong breakout point if stya abv ot close than expect up side 1878--1889+++++ where support 1832$ indicate---- in inter day purpose if stya blw 1844$ than expect down 1838--1835$. in mcx 57779 strong hurdle for up side stya abv or close abv than expect 57900-58000+++ where support indicat57300@ blw will melt dwn -- don't...
The Marked area's are major support and resistance level for Banknifty Intraday, also called PAM Areas.
When price come to these area we can expect either reversal or breakout from the given area's.
So planning a good trade will occur only in the marked areas, when price is in middle, we have to wait for the price comes to the marked PAM Areas
Gold trgs on chart. Looking good for atleast another 500 points upside tdy/trww.
Keep trailing and ride the up move .Probable trend change dates on chart.
