now eyes on resstance 1973--75$ if stya abv or close abv thna nxt up side move will start 1990--2000+++++ or if unable to cross uper resstance than mkt dwn side again 1945--40$ where support 1930$ if blw mkt thna nxt dwn side 1910$ soon --------------------- in mcx lvl uper lvl 60700 if stya abv nxt rally till 1990-2000$ or if unable to break abv lvl mkt another dwn side
edu pur---gold stya blw 59900 looks slide dwn fall 59730 thna after 610-550++ expect where hurdel 60060 only abv may trend revert gold spot blw 1950 looks dwn fall only till 1934 or more where hurdel 1962 stya abv more fire work will start
Short Recap - Gold had good rally from 6th oct , to the upside from 56500 to 61250
Currently - price is hovering around the higher time frame bearish order block which is resulting a resistance phase to gold price from (61500 to 60500 zone)
there is been a internal CHOC (trend change) from bullish to bearish
although the bearish continous will be confirmed...
Potential Gold MCX Short Setup: A short position may be considered in Gold MCX if the price falls below 60620, with a stop loss set at 61150. Please note that this trade setup is only valid if the price does not breach 61120 before activating the short.
Disclaimer: Trading involves risks, and this is not financial advice. Always perform your own analysis and...
This the C wave of the correction. This is the most devastating wave of the three. A double top is a directional signal and is asking u to take note. We also have a Doji right at the zone indicting reversal. RSI has reached the bear zone of 60-65 at this crucial resistance and composite is at resistance too. Fib analysis is indicating a deep correction. Be...
Consider a long position in Gold MCX around the current price of 61160.
Initiate 30% of your standard position size.
Add to your position within the 60960-61000 range.
Set a stop loss at 60550 for risk management.
Potential profit targets are at 61380, 61600, and potentially 61800 or higher.
Please note that this is a suggested approach and not financial advice....
Gold MCX has settled into a range, possibly confined within a 1000-point zone, specifically between 60125 and 61125 . It's prudent to exercise patience and await a decisive breakout from this range before considering new trades.
Stay connected for forthcoming trade ideas.
Disclaimer: Trading involves risk, and past performance is not indicative of future...
Hey traders, here's an important update on our Gold MCX positions:
We've successfully booked our long position and are currently completely out of our short-term long trade.
In order to consider re-entering a long trade, we'll be closely monitoring the market for a break above the key level of 61,130 , and it's crucial that the price sustains above this...
Gold MCX - Short-Term Analysis
Gold is currently trading in a tight range and appears to be hovering around a resistance level. As of now, we advise caution for short-term trading, as the market lacks a clear direction.
Key Levels:
Range: 59660-60260
Additional Resistance: 60330-40
Our strict advice is to refrain from trading in gold at this moment until we...
