Gold Mini on MCX has seen bounce from trendline Support, Now Trading around Resistance Levels of 51050, Now fresh Entry Should be taken only above 51050
Gold MCX is Trading around Trendline support as market on the chart, Risk and Reward here looks attractive, Now Selling in the Gold will be seen Once Trades below 50000 Levels on Closing basis.
It is possible to test upper trend line and fall from there, IF RSI indicator stable in between 60-40 zone in 1 hour tf, no trade today.
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. If you follow diagonal trendlines you can take entry and exit easily. ...
Although I am more of a trend follower, dabbling into Technical Analysis always excites me (which is literally opposite to the philosophy I preach). You can call out the contrarian in me and I will not have any issue with it. :D
Anyway, this example is another classic 'W' in the making. Once the resistance line is broken, there should be no looking back in short term.
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. If you follow diagonal trendlines you can take entry and exit easily. (Color code (only for diagonal trendlines ): green - bullish , red - bearish , black & violet reversal points). If any doubt for take...
Try to buy at low and sell near high until final levels break.
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this...
GoldM is in neutral trend, try to buy in dip and sell at peak.
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels. It is all your own risk.
GOLD 07-03-2022
Monthly Bullish
Weekly Bullish
Daily Bullish
in Monthly Chart
Gold Facing Resistance at Monthly Pivot Point R1 and Camarilla R4
in Weekly Cahrt
Gold Facing Resistance at Weekly Pivot Point R2 and camarila R4
in Daily Chart
Gold Achive All target r1-r2-r3-r4
now a correction or side ways market expecting
Conclusion CPR megnate Activate
Buying...
Something cookiing in gold mini. weekly contraction + traingle breakout on cards. rsi near 60 too once it breaches 60 can pick up some momentum.
Detailed Analysis is given on chart
Long term Selling channel finally broken
Breakout happened on High volumes
Pullback and retesting of support done on low volumes
Looks like GoldM is ready to move Higher again
Risk to reward looks favorable
🟢 MCX:Gold future has given a #SymmetricalTriangle breakout on the weekly scale.
🟢 Weekly RSIStairs breaking out above 55. Bullish for a #ShortTerm to #MediumTerm
🟢 Looks good to buy #GoldBees for #PortfolioBuilding #Investment till its above 40
MCX 
