gold mcx styaa bv 68700 looks up side 69000--69300 expect spot gold abv 2260 zoom expect 2270--90+++++ support 2245$ only blw more dwn more lvl stay tuned with us
gold spot crossed 2200 now looks up side 2230--45++++ where support 2185 find only blw may some dwn correction ahead in mcx june gold stya abv 67379 looks up side 67700-68000+++++++ buy on dips sl 67171 use --edu pur--
Gold after a good rally consolidate in the form of bullish flag. Now it's time to breakout.
Breakout above 66000
target will be 69500-69600
stop loss 65400
A clear uptrend is very likely to begin.
Put Stoploss will on closing basis.
(In Trading Time it may go above/below stoploss But closing price is most important).
These are levels are generated on the...
Breakout above 63360 buy above 63360 target will be 70000-70500 stop loss 62000
A Bullish Descending Flag Pattern is about to explode it's energy to throw Gold price very high.
after the gap on 21st the buying potential looks faded and we can see a strong rejection
then we have 4h bearish fvg and then filtered with 15mn another bearish fvg
which is at the level of 66400 could be the selling or short limit with sl of 66800 and target of 65200 and second target at 64400
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...
gold aprail hold blw 66379 from yesterday now looking short term inter day correction expect 66020--65930+++++ yes today high very crucial if hold blw than also this structure may active again ---one can sell on rise with high sl
gold chart for long term prospective you can invest to targets orange line .. but your own risk if you want to trade took simple moving average 20 50 200 on chart .
If, price below 61450 will trigger the liquidity of trades who entered recently
because the price have not mitigated the order block below it 61200 and 61100
On the upper side, above 62700
63200 - 63400 - 63800 will be the sellers order block and fair value they will look to sell
the remaining levels will be choppy
trade level to level
Long side trade has two condition to consider
either SWEEP OR RUN on liquidity
1 run >>> price will fall back and mitigate the pending fair value area at 2020 lvl and then run towards 2050 and 2089 as all time high
2 sweep >>> either price trap the weak hands by making a up move and then fall back to fvg area and then go to meet the target of all time high
eys on gold spot 2165 if stya bl thna dwn side 2152--40++++ in mcx stya blw 65900 looks dn fall 85828--777-600++++ hurdel 2176 or in mcx 66377 only abv will rockkkkkkkkkk sell on rise must with tight sl
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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🔍 More Analysis & Trade Setups...
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...
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
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