Gold avoid buying at current price this is best price for sellHow to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 21.4% to 23.6% range then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking Point D 21.4% to 23.6% range
Targets :
Target T1 : 35.1% to 38.3%
Target T3 : 49.1% to 53.2%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
MGC1! trade ideas
Gold MCX June Fut. Intraday Technical Analysis for 1st Apr🚀 Unlock the potential with my Gold MCX June Fut. Intraday Technical Analysis for 1st Apr., 2025!
✨ Boost, follow, and engage for updates. Your support means a lot! 🚀❤️
📍 Day Range Trigger Point (DRTP): 90731
📅 Expected Day Range: 666
📈 Long Position
🔹 Buy Above: 90611
📊 Average Position: 90532
🎯 Target 1: 91143
🎯 Target 2: 91397
⛔ Stoploss: 90389
📉 Short Position
🔹 Sell Below: 90453
📊 Average Position: 90532
🎯 Target 1: 90319
🎯 Target 2: 90065
⛔ Stoploss: 90675
✨ My strategies are backed by 6+ years of research and proven success in trading indices, commodities, and more. Connect to know more for Intraday Levels and Live Market Confirmations. 📈
#GoldMCX #IntradayTrading #NumroTrader 🚀
Gold Futures (MCX) – Key Levels & Trend Outlook📌 Gold Futures (MCX) – Key Levels & Trend Outlook
Gold Futures (MCX) is currently trading near a critical support zone of ₹88,500-₹88,000. Holding above this level could trigger fresh buying, leading to an upside move towards ₹90,000+. However, immediate resistance is seen in the ₹88,700-₹89,500 range, which needs to be breached for further strength.
🔍 Technical Indicators:
📊 200-Day EMA: ₹88,200 – Acting as dynamic support; sustaining above this level strengthens the bullish outlook.
📈 RSI (Relative Strength Index): Currently around 55 – A breakout above 60 could confirm bullish momentum.
📉 MACD (Moving Average Convergence Divergence): Close to a bullish crossover, signaling potential upside strength.
📊 Volume Analysis: Rising volumes on rallies suggest strong buying interest, while lower volumes on dips indicate weak selling pressure.
📌 Key Levels to Watch:
✅ Support Zone: ₹88,500-₹88,000
📍 Resistance Zone: ₹88,700-₹89,500
🚀 Upside Target: ₹90,000+
🚨 Breakdown Level: Below ₹88,000 could lead to weakness.
A break above ₹89,500 could fuel bullish momentum toward ₹90,500-₹91,000, while a fall below ₹88,000 may invite further downside pressure. Keep an eye on global gold prices, USD movement, and central bank policy cues for confirmation.
Gold mcx making double top if comex break 3057 then sell How to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 21.4% to 23.6% range then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking Point D 21.4% to 23.6% range
Targets :
Target T1 : 35.1% to 38.3%
Target T3 : 49.1% to 53.2%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Gold silver update next Our Spot #Gold Range Prediction from 31/03/2025 to 04/04/2025 is as under.
Gold Spot : 3023$-3126$
Gold INR : 88100-91050
Our Spot #Silver Range prediction from 31/03/2025 to 04/04/2025 is as under.
Silver Spot: 33.44$-35.05$
Silver INR: 98400-103200
It must be remembered that price of precious metal depends on so many world wide factors like inflation, Fed interest rate, trade barrier, geopolitical tension, demand, supply, bond yield, dollar index , GDP, payroll data, CPI, currency fluctuation, debt ceiling , expected tax & duty changes, other commodity price crude oil etc. etc. and hence there can not be any accurate barometer of predicting precious metal price.
Gold INR has been calculated taking Gold Spot international price and converting the same assuming fixed Indian rupee rate. However, this is not accurate method as change in rupee value to dollar can substantially impact Gold INR price. Pl. note that price of commodity doesn't depend upon performence of company but depend upon performence of world economy, hence it is extremely risky to trade in commodities. Commodities market also become more volatile during contract expiry.
These are not a recommendation for buy or sell. This view is only for educational purpose. You are requested to consult your financial advisor before entering in to any trade.
GOLD SILVER VIEW TODAY INTRADAYOur Spot #Gold Range Prediction from today
Gold Spot :3096
Gold INR : 90600
Our Spot #Silver Range prediction from today is as under.
Silver Spot: 34700
Silver INR: 103500
It must be remembered that price of precious metal depends on so many world wide factors like inflation, Fed interest rate, trade barrier, geopolitical tension, demand, supply, bond yield, dollar index , GDP, payroll data, CPI, currency fluctuation, debt ceiling , expected tax & duty changes, other commodity price crude oil etc. etc. and hence there can not be any accurate barometer of predicting precious metal price.
Gold INR has been calculated taking Gold Spot international price and converting the same assuming fixed Indian rupee rate. However, this is not accurate method as change in rupee value to dollar can substantially impact Gold INR price. Pl. note that price of commodity doesn't depend upon performence of company but depend upon performence of world economy, hence it is extremely risky to trade in commodities. Commodities market also become more volatile during contract expiry.
These are not a recommendation for buy or sell. This view is only for educational purpose. You are requested to consult your financial advisor before entering in to any trade.
Gold yesterday booked 450 points on buy trade, 89130-790 Target How to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 21.4% to 23.6% range then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking Point D 21.4% to 23.6% range
Targets :
Target T1 : 35.1% to 38.3%
Target T3 : 49.1% to 53.2%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Gold sell booked 350 points,start sell on riseHow to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 21.4% to 23.6% range then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking Point D 21.4% to 23.6% range
Targets :
Target T1 : 35.1% to 38.3%
Target T3 : 49.1% to 53.2%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Gold mcx holding sell from 88680 , downside Target on chart How to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 21.4% to 23.6% range then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking Point D 21.4% to 23.6% range
Targets :
Target T1 : 35.1% to 38.3%
Target T3 : 49.1% to 53.2%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Gold breaks support sell on rise until 88500 not break How to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 21.4% to 23.6% range then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking Point D 21.4% to 23.6% range
Targets :
Target T1 : 35.1% to 38.3%
Target T3 : 49.1% to 53.2%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Gold until 87300 not break buy on dip Target 89100,89750 How to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 21.4% to 23.6% range then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking Point D 21.4% to 23.6% range
Targets :
Target T1 : 35.1% to 38.3%
Target T3 : 49.1% to 53.2%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Gold mcx closing at support still buy on dip for positionalHow to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 21.4% to 23.6% range then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking Point D 21.4% to 23.6% range
Targets :
Target T1 : 35.1% to 38.3%
Target T3 : 49.1% to 53.2%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Gold Futures: Breaking New Highs During Market UncertaintyTechnical Analysis:
Gold prices have been experiencing a consistent uptrend for the past few months, attracting significant investor interest in both physical and virtual gold. Analyzing the gold futures chart since 2016, we observe a steady pattern of higher lows, confirming a strong bullish trend.
From 2020 to 2023, gold faced a strong resistance at the ₹55,000-₹56,000 zone multiple times, acting as a key barrier. This level was tested in 2020, 2022, and 2023 before finally being taken out in March 2023. Post-breakout, this zone flipped into support, leading to a rally towards ₹61,000-₹62,000, which then acted as the next resistance. After multiple tests, the resistance at ₹61,000-₹62,000 was broken in November 2023, turning into strong support by December 2023.
Gold's steady rise in 2024 led to new all-time highs at ₹65,000 in March 2024 and later at ₹73,500-₹75,000. This resistance was tested six times before finally breaking in September 2024, again flipping into support. Post this breakout, gold surged to ₹79,000-₹80,000 in October 2025, which acted as resistance before being broken in January 2025.
In March 2025, gold futures reached a strong resistance level of ₹86,300-₹86,600, tested multiple times. For two months (February and March 2025), this zone was a key resistance, with the ₹84,000-₹84,500 zone acting as support. Finally, on March 12, 2025, the ₹86,300-₹86,600 resistance was broken, turning into support by March 13, 2025. Subsequently, gold created a new all-time high on March 14, 2025. After consolidating for two days, gold surged again and created a new All Time High at 89,796 now trading near ₹88,000 levels.
Historically, previous resistance zones have turned into support, offering attractive investment opportunities. Moving forward, traders and investors should monitor these key support and resistance levels. If gold continues its uptrend, we may see new resistance levels at ₹90,000, ₹91,000, and ₹92,000, acting as psychological barriers. Conversely, any correction could see previous supports playing a crucial role.
So the Previous supports are:
₹86,300-₹86,600 ---> Near Support
₹84,000-₹84,500 ---> Next Support
₹79,000-₹80,000 ---> Far Support
₹73,500-₹75,000 ---> Major Support
Fundamental Analysis:
Gold Futures price in India have created an all-time high of approximately ₹89,796 as of March 20, 2025, reflecting a strong upward trend. This surge is attributed to several key factors:
Global Economic Concerns: Recent U.S. tariffs imposed by President Donald Trump have raised fears of economic instability and inflation, prompting investors to flock to gold as a safe-haven asset.
Central Bank Accumulation: Major central banks worldwide are increasing their gold reserves as a hedge against currency fluctuations and economic downturns.
Strong Historical Performance: Over the last decade, gold prices have risen significantly, climbing from ₹29,600 in 2013 to ₹88,500 in 2025.
Inflation: Gold is traditionally considered a hedge against inflation. When inflation rises, the purchasing power of currencies decreases, and gold tends to retain its value.
Currency Fluctuations: The value of the US dollar plays a significant role in gold prices. When the dollar weakens, gold becomes relatively cheaper for investors using other currencies, leading to increased demand.
Indian Cultural Factors: In India, gold has significant cultural and traditional value. Demand for gold surges during festive seasons like Diwali and during wedding seasons, further contributing to price increases.
Interest Rates: When interest rates are low, gold tends to be more attractive as an investment, as holding gold does not provide interest, so low interest rates reduce the opportunity cost of holding gold.
In summary, a combination of global economic factors, financial market dynamics, and specific cultural aspects in India contribute to the rising gold prices.
Impact on Related Stocks:
Several companies are benefiting from the rise in gold prices, including:
Titan Company (owner of Tanishq) – a leading jewelry retailer.
Muthoot Finance – a major gold loan provider.
PC Jeweller – a fast-growing jewelry company.
These companies are likely to see higher profit margins and revenue growth as demand for gold remains strong.
Investment Considerations
Investing in gold comes with both advantages and risks:
✅ Pros:
Acts as a store of value during economic uncertainty.
Serves as a hedge against inflation.
Provides portfolio diversification.
❌ Cons:
Limited short-term gains.
Price volatility.
No passive income (unlike stocks paying dividends).
Investment Options
Investors can gain exposure to gold through multiple avenues:
Physical gold – Traditional form, but involves storage and security concerns.
Gold ETFs – Easy liquidity and lower costs.
Sovereign Gold Bonds (SGBs) – Backed by the government and offer interest income.
Gold stocks – Investing in gold-related companies.
Conclusion
Gold's strong performance and recent all-time highs highlight its importance as a hedge against global uncertainties. Investors should watch key support and resistance levels, as well as global economic trends, before making investment decisions. A balanced strategy aligned with financial goals and risk tolerance will be crucial for maximizing returns in gold investments.
Disclaimer: This analysis is for educational purposes only. Investors should conduct their own research before making any trading decisions.
Gold mcx holding again buy from 88490 hold buy trade for tomorowHow to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 21.4% to 23.6% range then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking Point D 21.4% to 23.6% range
Targets :
Target T1 : 35.1% to 38.3%
Target T3 : 49.1% to 53.2%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Gold booked 2700 points profit bought at 85950 booked at 88650How to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 21.4% to 23.6% range then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking Point D 21.4% to 23.6% range
Targets :
Target T1 : 35.1% to 38.3%
Target T3 : 49.1% to 53.2%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Gold - Long Term Elliot Wave Counts - Top is near!Gold has finally started it's last leg up, 5th of 5th on Weekly.
This can go another 3-5% to 90600, 9100 or so, or maybe slightly higher, however, when it ends, we are looking for a sharp fall, as an extended 5th with short retracement in 4th doesn't end well.
Lot of people would be trapped, and when it starts breaking levels it will create double pressure from bears shorting and bulls covering longs.
I am expecting around 75k.
Gold Futures: Breaking New Highs During Market UncertaintyTechnical Analysis :
Gold prices have been experiencing a consistent uptrend for the past few months, attracting significant investor interest in both physical and virtual gold. Analyzing the gold futures chart since 2016, we observe a steady pattern of higher lows, confirming a strong bullish trend.
From 2020 to 2023, gold faced a strong resistance at the ₹55,000-₹56,000 zone multiple times, acting as a key barrier. This level was tested in 2020, 2022, and 2023 before finally being taken out in March 2023. Post-breakout, this zone flipped into support, leading to a rally towards ₹61,000-₹62,000, which then acted as the next resistance. After multiple tests, the resistance at ₹61,000-₹62,000 was broken in November 2023, turning into strong support by December 2023.
Gold's steady rise in 2024 led to new all-time highs at ₹65,000 in March 2024 and later at ₹73,500-₹75,000. This resistance was tested six times before finally breaking in September 2024, again flipping into support. Post this breakout, gold surged to ₹79,000-₹80,000 in October 2025, which acted as resistance before being broken in January 2025.
In March 2025, gold futures reached a strong resistance level of ₹86,300-₹86,600, tested multiple times. For two months (February and March 2025), this zone was a key resistance, with the ₹84,000-₹84,500 zone acting as support. Finally, on March 12, 2025, the ₹86,300-₹86,600 resistance was broken, turning into support by March 13, 2025. Subsequently, gold created a new all-time high on March 14, 2025. After consolidating for two days, gold surged again and is now trading near ₹84,500 levels.
Historically, previous resistance zones have turned into support, offering attractive investment opportunities. Moving forward, traders and investors should monitor these key support and resistance levels. If gold continues its uptrend, we may see new resistance levels at ₹90,000, ₹91,000, and ₹92,000, acting as psychological barriers. Conversely, any correction could see previous supports playing a crucial role.
Fundamental Analysis:
Gold Futures price in India have reached an all-time high of approximately ₹88,500 as of March 18, 2025, reflecting a strong upward trend. This surge is attributed to several key factors:
Global Economic Concerns: Recent U.S. tariffs imposed by President Donald Trump have raised fears of economic instability and inflation, prompting investors to flock to gold as a safe-haven asset.
Central Bank Accumulation: Major central banks worldwide are increasing their gold reserves as a hedge against currency fluctuations and economic downturns.
Strong Historical Performance: Over the last decade, gold prices have risen significantly, climbing from ₹29,600 in 2013 to ₹88,500 in 2025.
Inflation: Gold is traditionally considered a hedge against inflation. When inflation rises, the purchasing power of currencies decreases, and gold tends to retain its value.
Currency Fluctuations: The value of the US dollar plays a significant role in gold prices. When the dollar weakens, gold becomes relatively cheaper for investors using other currencies, leading to increased demand.
Indian Cultural Factors: In India, gold has significant cultural and traditional value. Demand for gold surges during festive seasons like Diwali and during wedding seasons, further contributing to price increases.
Interest Rates: When interest rates are low, gold tends to be more attractive as an investment, as holding gold does not provide interest, so low interest rates reduce the opportunity cost of holding gold.
In summary, a combination of global economic factors, financial market dynamics, and specific cultural aspects in India contribute to the rising gold prices.
Impact on Related Stocks:
Several companies are benefiting from the rise in gold prices, including:
Titan Company (owner of Tanishq) – a leading jewelry retailer.
Muthoot Finance – a major gold loan provider.
PC Jeweller – a fast-growing jewelry company.
These companies are likely to see higher profit margins and revenue growth as demand for gold remains strong.
Investment Considerations
Investing in gold comes with both advantages and risks:
✅ Pros:
Acts as a store of value during economic uncertainty.
Serves as a hedge against inflation.
Provides portfolio diversification.
❌ Cons:
Limited short-term gains.
Price volatility.
No passive income (unlike stocks paying dividends).
Investment Options
Investors can gain exposure to gold through multiple avenues:
Physical gold – Traditional form, but involves storage and security concerns.
Gold ETFs – Easy liquidity and lower costs.
Sovereign Gold Bonds (SGBs) – Backed by the government and offer interest income.
Gold stocks – Investing in gold-related companies.
Conclusion
Gold's strong performance and recent all-time highs highlight its importance as a hedge against global uncertainties. Investors should watch key support and resistance levels, as well as global economic trends, before making investment decisions. A balanced strategy aligned with financial goals and risk tolerance will be crucial for maximizing returns in gold investments.
Disclaimer: This analysis is for educational purposes only. Investors should conduct their own research before making any trading decisions.
GOLDHello & welcome to this analysis
A bearish Harmonic Deep Crab formation took place in the 60m time frame, after an initial dip which formed bullish hidden RSI divergence in 60m time frame the pullback has now formed a bearish Harmonic Gartley in 15m time frame.
Sustaining below 88000 opens for 87500 and 86500.
Good risk reward set up for a bearish trade.
All the best
Gold mcx as said earlier until 87300 not break buy on dip suportHow to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 21.4% to 23.6% range then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking Point D 21.4% to 23.6% range
Targets :
Target T1 : 35.1% to 38.3%
Target T3 : 49.1% to 53.2%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance