MCXGOLDEX trade ideas
MCX Gold Short Term AnalysisMCX Gold looks to breakout the upper trendline which can cause a short term rally. But the overall picture is bearish as the longer term trend is broken in the downside in the previous weeks.
MCX Gold, BullishBuy MCX Gold at 14,944.43
SL at 14,844.89 and hold it till 15,293.51
Risk to reward: 1:3.5, From 15,293 it will drop till 14,750.17
Bearish Bat in MCXGOLDXPRZ - 16200-16225
SL 16350
Target 1 - 16050 , Target 2 - 16000, Target 3 - 15935.
