Gold Multi Year BrakoutGold Is breaking out strongly after 3 years. In a weekly chart It is breaking out ATH after 3 years.
GGGold-D Futures
3,330.7USD / APZD
−25.2−0.75%
Last update at Jul 24, 04:04 GMT
USD / APZ
No trades
GD1! trade ideas
Gold MCX - Trade UpdateHey 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 level.
As of now, our focus is on initiating a short trade entry around 60,750 , while maintaining a disciplined stop loss at 61,150.
Stay tuned for more updates and trade responsibly. Happy trading, everyone!
🌟 Gold MCX Chart Intraday Analysis for 30 Nov., 2023Gold MCX Futures Alert! 📈📉
🗓 Date: 30.11.2023
📊 Day Range: 375.00
🎯 Trigger Point: 62651.00
🟢 Buy Levels:
Buy At: 62532
Add Position: 62488
Buy Target 1: 62883
Buy Target 2: 63026
Standard SL: 62482
Preferred SL: 62433
🔴 Sale Levels:
Sale At: 62443
Sale Target 1: 62419
Sale Target 2: 62276
Standard SL: 62393
Preferred SL: 62542
💹 Trade wisely and seize the golden opportunities!
🏅 #GoldMCX #DecemberFuture #IntradayTrading #MarketAlert #CommodityTrading
GOLD ANALYSISA Breakout FLAG & POLE Pattern is visible on the chart of GOLD FUTURES on 1 DAY Time Frame.
Flag & Pole chart pattern is bullish pattern formation that signals an uptrend in the price on the chart.
Profit Targets in Flag & Pole pattern are typically targeted using the distance of 1st Flag & also called as price objective. The Flag is the consolidation phase or some correction in the stock price. The price may continue the following pattern by breaking the resistance and moving upwards towards its target. The Target's above are calculated by replicating the 1st Pole to the point where the price started to move towards upward direction either from consolidation or correction making it the 2nd Pole & also called as the price objective for upcoming target.
Seeing the Technical Aspect this pattern indicates an increase in the GOLD price by 4%. Also, the price of GOLD is above its ALL-TIME HIGH price and is sustaining at good level. The price may or may not move as mentioned above but the chart shows these indications.
Important Levels to Watch as Support & Resistance
Support Level 1 - 59450 to 59400
Support Level 2 - 58840 to 58800
Support Level 3 - 56400 to 56350
As mentioned above the price of GOLD is above its ALL – TIME HIGH we cannot find any resistance until the price starts to correct or consolidate at any level above its ALL – TIME HIGH.
#TrendAnalysis #ChartPatterns #GOLDTREND
GOLD BULLISH RALLY?As we said in the video that if gold give a breakout above 60400 then we can see a good rally in gold toward 61600
So gold gave breakout and sustained now we can see a good rally in gold of approx 800-1000 point
Gold CFD chart also look bullish
On the downside if gold break 60100 then this statement will be void .
Gold Future/Option Analysis - 29.11.2023
Levels By: Trading Marcos
Instrument: Gold MCX Future
Contract Month: December Future
Intraday Levels: 29.11.2023
Day Range: 938.00 Points
Range Trigger Point: 62385.00
Buy At: 62065
Add Position: 61954
Buy Target 1: 62965
Buy Target 2: 63323
Standard SL: 62015
Preferred SL: 61833
Sale At: 61843
Sale Target 1: 61805
Sale Target 2: 61447
Standard SL: 61793
Preferred SL: 62075
📣 Disclaimer: Trading involves risk. These levels are for informational purposes only and not financial advice. Always trade responsibly and consider risk management.
📈 Follow @TradingMarcos for daily levels and instrument insights.
#Gold #GoldFuture #GoldAnalysis #GoldOption #GoldIntradayTrade
Gold Future Prediction - 22.11.2023 - Trading Marcos 📈 Intraday Levels Update - Gold Future - 22.11.2023 📉
📊 Levels By Trading Marcos
🏅 Instrument: Gold MCX Future
📅 Contract Month: December Future
📈 Intraday Levels for 22.11.2023:
📉 Day Range: 555.00 Points
🎯 Trigger Point: 61225.00
📈 Buy At: 61148
🔄 Add Position: 61083
🎯 Buy Target 1: 61568
🎯 Buy Target 2: 61780
🛑 Standard SL: 61098
🛑 Preferred SL: 61007
📉 Sale At: 61017
🎯 Sale Target 1: 60882
🎯 Sale Target 2: 60670
🛑 Standard SL: 60967
🛑 Preferred SL: 61158
🚨 Disclaimer: For educational purposes only. Take paper trades to practice. Trade responsibly.
📲 Join my Instant Messenger channels for daily updates! Let's learn and grow together. 🌐 #GoldTrading #IntradayLevels #TradingMarcos #MCXFuture #CommodityMarket #LearnAndEarn #TradingEducation
Gold Future Prediction - 21.11.2023 - Trading Marcos Levels⚖️ Gold MCX Future Analysis - 21.11.2023 📉
📊 Levels By: Trading Marcos
📅 Contract Month: November Future
📈 Intraday Levels For: 21.11.2023
📏 Day Range: 418.00
🎯 Trigger Point: 60657.00
📈 Buy Setup:
Buy At: 60614
Add Position: 60565
Buy Target 1: 60915
Buy Target 2: 61075
🛑 Standard SL: 60564
🚀 Preferred SL: 60506
📉 Sale Setup:
Sale At: 60516
Sale Target 1: 60399
Sale Target 2: 60239
🛑 Standard SL: 60466
🚀 Preferred SL: 60624
🚨 Disclaimer: Trading involves risks. These levels are for educational purposes. Do your research and manage your risk.
💬 Join my instant messenger channels for real-time updates and discussions!
#GoldMCX #MCXTrading #IntradayAnalysis #CommodityTrading #TradingLevels
Gold MCX Future Prediction for 20.11.23 - Trading Marcos Levels📈 Trading Marcos Intraday Levels: Gold - December Future 🪙
📊 Intraday Insights:
Instrument: MCX Gold Future
Contract Month: December
Intraday Level For: 20 November, 2023
Day Range: 367.00
Trigger Point: 60713.00
📈 Buy Strategy:
Buy At: 60860
Add Position: 60817
Buy Target 1: 60940
Buy Target 2: 61080
Standard SL: 60810
Preferred SL: 60763
💹 Sell Strategy:
Sale At: 60773
Sale Target 1: 60486
Sale Target 2: 60346
Standard SL: 60723
Preferred SL: 60870
🚀 Trading Plan:
Open a buy position at 60860, with an option to add at 60817.
Buy targets set at 60940 and 61080.
For selling, execute positions at 60773 with targets at 60486 and 60346.
Manage risk using standard SL of 50 points and try multiple times else go for preferred stop-loss levels.
📆 Day Range:
Anticipating a day range of 367.00, offering traders ample opportunities within the specified levels.
📉📈 Risk Management:
Utilize stop-loss orders for effective risk management.
Stay informed about market conditions for informed decision-making.
🔄 Disclaimer:
Trading involves risks, and past performance may not predict future results. It's recommended to conduct thorough research or consult with a financial advisor before making trading decisions.
Happy Trading! 📊💰🌟 #Gold #IntradayTrading #DecemberContract #StockMarket #TradingMarcos
gold spot or mcx analysis as edu. pur.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
GOLD AT 60,000 , WHATS NEXT ??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 if price breakdown and close below 60200 - 60,000
What to do -
after the break and close of 60,000 short trade can enter with quick targets
as this could be pullback on major time frame
where as those willing to go long will need to wait for specific levels
consider 58250-58000 zone as a value buying zone
this can be tracked based on price shifting the stucture from lower low and lower high towards higher high to higher low as Long Indication
Gold MCX Short Opportunity: Key Levels to WatchPotential 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 risk assessment before making any trading decisions.
Double Top in Gold..time to be careful !!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 watchful of ur longs!!
Gold MCX Long Strategy with Key PointsConsider 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. Make informed decisions and conduct your own analysis.
Gold MCX: Trading in one thousand-Point RangeGold 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 results. Always conduct thorough research and consider your risk tolerance before making any trading decisions.
