Potential Gold MCX Short Setup: A short position may be considered in Gold MCX if the price falls below 60620, with a stop loss set at 61150. Please note that this trade setup is only valid if the price does not breach 61120 before activating the short.
Disclaimer: Trading involves risks, and this is not financial advice. Always perform your own analysis and...
This the C wave of the correction. This is the most devastating wave of the three. A double top is a directional signal and is asking u to take note. We also have a Doji right at the zone indicting reversal. RSI has reached the bear zone of 60-65 at this crucial resistance and composite is at resistance too. Fib analysis is indicating a deep correction. Be...
Consider a long position in Gold MCX around the current price of 61160.
Initiate 30% of your standard position size.
Add to your position within the 60960-61000 range.
Set a stop loss at 60550 for risk management.
Potential profit targets are at 61380, 61600, and potentially 61800 or higher.
Please note that this is a suggested approach and not financial advice....
Gold MCX has settled into a range, possibly confined within a 1000-point zone, specifically between 60125 and 61125 . It's prudent to exercise patience and await a decisive breakout from this range before considering new trades.
Stay connected for forthcoming trade ideas.
Disclaimer: Trading involves risk, and past performance is not indicative of future...
Hey traders, here's an important update on our Gold MCX positions:
We've successfully booked our long position and are currently completely out of our short-term long trade.
In order to consider re-entering a long trade, we'll be closely monitoring the market for a break above the key level of 61,130 , and it's crucial that the price sustains above this...
Gold 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...
Weekly Technical Analysis of Gold MCX Futures : -
As discuss in the previous week's Technical analysis,
Gold is following a strong bullish price action, with good volume followed by breakout on daily chart.
In last week our first 2 positional targets achieved. We are still into a bullish territory over the charts for gold.
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Hi All - swing trade opportunity in Gold.
Timeframe - 1H
Key Highlights:
1. Long entry on range breakout
2. Consolidating in range
3. Bouncing off good volume
after upmove price is making side ways it can be continous for next up move
there is a level 58450-60 around for buyers liquidity might retest this
or else 59450 can trade breakout for the target of 60600
told sell gold blw 60650 low 60545 or sold natural gas blw 260 hot 245 chk post hope u enjoyedd or not!! more lvl will update soon dont stuck wrong side
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,...
