hi all, Intraday call based on fib level and ichimoku, as we can see price closing above 50230 will give further uptrend. Trade decided on 5min and 15min time frame/
GOLD CONTINOUS CONTRACT DECEMBER
Sell gold at current level with Sl of 50400 and target is 49890, 49640
Interesting setup on MCX Gold. Price respecting an extension of median line and very close to an crucial support of 49326. A pullback near the horizontal TL would be an good long opportunity with very minimal risk.
MCX GOLD TREND BASED FIB EXTENSION LEVEL CHART MENTIONED VIEWRS NEXT WEEK TARGET
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GOLD EXPECTED TO CONSOLIDATE CAN TAKE TRADES AS PER THE LEVELS MENTIONED
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This might be the first sign of Gold's another bull run to test its previous high. INR 49000 is a strong support for gold. Even if its falls below it cannot break 46000. So start buying now averaging below secure a hefty profit opportunity in gold.
Gold Mini levels...23/09/2020 (1hr Candle)
Again Same Markets heading to Congestion ZONE Excercise Caution !!! Gold performing better again than Silver