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GOLD1! trade ideas

GOLD FUTURES (mcx) update price is in side ways phase on medium time frame which mean on lower time frame price will react as buy on low and sell or rise the range is 59050 resistance and 58280 currently the price is trading at resistance level on 15m triangle pattern is forming , which is in between of medium time frame pattern , on medium time frame there is bearish flag so im keeping my bias on sell side and predicting that price we make breakout from triangle pattern and then form a fake out and price will try to go back at support of 58500-58250 this is my pov dont trade blindly on it use it as a confluence for your own analysis
MCX:GOLD1!Short
by Jimmy_Rebello
GOLD continue to decline again...GOLD FUTURES (MCX) continued to decline from the 59900 lvl and has broken the mtf support of 58135 with a gap down price then retested the support, (as the support breaks it will act as resistance now) similarly we seen a rejection and price coming back to day low further if the day low is taken out, we can project the price heading towards its higher time frame demand zone which is around 57650 and 57800 lvl if youre interested in creating fresh short side pos make sure you follow the lower high and lower low formation as there will be certain bounce when the bearish sign starts fadading
MCX:GOLD1!Short
by Jimmy_Rebello
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