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
beautiful trading analysis platform....
gold mcx stya blw 65620 looks dwn 65510--428++++ yes sell on rise must with hurdel sl 2165$ lw its dwnn looks or blw 2144 u will see mega correction till 2110+++ more lvl stya tunes with us
gold spot styaa bv 2165 looks up side till 2174--80$ expect blw 2160 looks dwn in mcx 65670 abv looks zoom till 65820++++ support 65600@ only blw dwn more lvl stya tuned with us
🕓 Time Frame : 1 HOUR
🔽 Status : Bullish
📆 12.03.2024
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Status:
🔸Gold's Trend: bullish run with a target of $2200 and further potential to reach $2260. This suggests a long-term upward trend.
🔸Support and Resistance: It mentions strong support at the EMA50 (a technical indicator) around $2145 and a potential correction if this breaks.
🔸Here's a possible...
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
yess gold mcx abv 64577looks up side move till 64900+++++++ in spot stya abv 2021$ looks 2030-44$ expect ----buy on dipss with sl 64438 or sl 2111$ or let see wht nxt in eveng session
gold spot-- last week report tgt valid now add on------ support 2065$ till hold abv mkt up sid eonly 2095-- may be go 2130+++++ if break or sustain blw 2065 dwn side 2061--54$ expect for correction over all looking hot only abv 2065 bull zone buy only any dipssssssssss---- in mcx 63550-580 if stya abv thna nxt up side move 63700-800 or abv 63850 door open to...
mcx gold stya abv eveng timne 62380 looks up side 62460--560++++ where support indicate 62255@ usdindex favor in upper side -----silver styaa bv 69800 looks up side 70100-400+++ silver buy on dips after lvl sl 69493 gold sl 6255 support sl
