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Micro Gold Futures (Oct 2020)Micro Gold Futures (Oct 2020)Micro Gold Futures (Oct 2020)

Micro Gold Futures (Oct 2020)

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MGCV2020 trade ideas

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 FUTURES GANN ANALYSIS 19 MARCH 2023....MCX Gold Daily Chart Analysis ... target was 66333 and we got an High at 66356 .... See Double Tops in Dec 2023 / Jan 2024 at 64000 levels.... Also see the start of the last swing at 57000 levels.... Happy Trading !!! N.B. Not a finanancial advice to buy or sell. With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the programme for this opportunity to use it freely to express our ideas to the community of traders.
MCX:GOLD1!
by kbr9121965
🪙 #Gold Forex - update 12th March 🕓 Time Frame : 1 HOUR 🔽 Status : Bullish 📆 12.03.2024 ➖➖➖➖➖➖ Status: 🔸Gold's Trend: bullish run with a target of $2200 and further potential to reach $2260. This suggests a long-term upward trend. 🔸Support and Resistance: It mentions strong support at the EMA50 (a technical indicator) around $2145 and a potential correction if this breaks. 🔸Here's a possible explanation: There might be a short-term dip within a larger bullish trend. The market could be experiencing some temporary downward pressure in the 1-hour timeframe, but the overall trend might still be positive. 🔸Remember: Short-term fluctuations are common in any market. This information might be a snapshot of a temporary movement within a larger trend.
MCX:GOLD1!Long
by Shalvisharma5
Gold 65200 resistance if break then 65900 will come On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hit
MCX:GOLD1!
by JaiPrakashShuklaHarmonicTrader