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CNH Gold Futures

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GDR1! trade ideas

Buy Gold above 1920 Gold is taking support at Green Thick Horizonal Line, which is high of the previous swing. Let it retrace fully and time correction be over in 5H Chart. Will test the level of 2040 or more. Please use other indicators like Williams R%, RSI, SMAs and EMA for proper execution and adhere to risk management. Disclaimer: The Author of this content is not a Registered Analyst with any of the National or international Regulatory Agencies. Before making any decision, please consult your Financial Advisor. Author in no way will be responsible for any of your profits of losses. Happy to share. Let's grow together.
COMEX:GC1!
by rekhi567
MCX GOLD future (short trade setup)61845 was the HIGH 60,000 to 59,500 has the bearish liquidity side where the price is getting rejected also from the top to lower time frame lower high i.e. 5700 we got pullback and retraced back to 0.5 of fib zone which is giving selling pressure the nearest LTF support we have is 58735 and further downfall we can see if this level break will be upto 57650 lvls in the short term gold is getting weak as per chart pattern we can see double top or M pattern formed on 1h chart 58735 is also the neckline of the pattern which is import level to watch out on gold
MCX:GOLD1!Short
by Jimmy_Rebello