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MCX GOLD - Profit Booking on Cards?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 position in Gold April Future at CMP 65935. Will add more position if 66100 comes. Holding with Stoploss 66300. I'm expecting minimum 1000 point correction in Gold very soon. Gold 65000 PE is currently trading at 345. I'm taking some position in it too. I'm expecting it to get double by next week. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
MCX:GOLD1!Short
by akshit_official
10
MCX GOLD FUTURES GANN ANALYSIS 19 MARCH 2023....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. Thanks to the developers of the programme for this opportunity to use it freely to express our ideas to the community of traders.
MCX:GOLD1!
by kbr9121965
🪙 #Gold Forex - update 12th March 🕓 Time Frame : 1 HOUR 🔽 Status : Bullish 📆 12.03.2024 ➖➖➖➖➖➖ 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 $2145 and a potential correction if this breaks. 🔸Here's a possible explanation: There might be a short-term dip within a larger bullish trend. The market could be experiencing some temporary downward pressure in the 1-hour timeframe, but the overall trend might still be positive. 🔸Remember: Short-term fluctuations are common in any market. This information might be a snapshot of a temporary movement within a larger trend.
MCX:GOLD1!Long
by Shalvisharma5
Gold 65200 resistance if break then 65900 will come On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hit
MCX:GOLD1!
by JaiPrakashShuklaHarmonicTrader
gold spot or mcx crucial update blw last week rocked lvlgold spot-- last week report tgt valid now add on------ support 2065$ 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 64600+++++++++ positional buy on dipsss sl 63111 tgt gvn in report -- interday blw 63500 mat be correction expect 63428--377 thna after 63310--270 near-------silver gvn 72300 abv rockeddd will continue-------- more lvl and stuck wrong side stya connect with
MCX:GOLD1!Long
by kailashcfa33
Gold MCX Future Weekly Analysis 4-8 March, for Options Also📊 GOLD 05 APR FUT LEVELS Analysis 🎯 Weekly Range: 1561 ➡️ Buy: 63014.7, Avg Pos: 62830.5 🎯 Buy T1: 64527.7, Buy T2: 65124 ❌ Buyer SL: 62494.37 💰 Sell: 62646.3 🎯 Sell T1: 62598.3, Sell T2: 62002 ❌ Seller SL: 63166.63 Show your support and keep me motivated by boosting and liking! Your encouragement helps me provide daily levels and insights. Let's continue this journey together! 🚀 #Support #Boost #Like #Motivation #GoldAnalysis #GoldTrading #GoldPrice #CommodityAnalysis #CommodityTrading #GoldForecast #GoldCharts #CommodityMarket #TradingGold #GoldInvesting
MCX:GOLD1!
by NumroTrader
Sovereign Gold Bond Scheme 2023-24 Series IVSovereign Gold Bond Scheme 2023-24 Series IV opens:- Sovereign Gold Bonds (SGB) are back, and the first such issue in the calendar year 2024 launches on 12 February 2024. The Reserve Bank of India (RBI) has set the issue price at Rs 6,263 per gram of gold. The public issue will close on 16 February 2024. SGBs applied for under the 2023-2024 Series IV will be issued on 21 February 2024.  ============================= What is Sovereign Gold Bond (SGB) & Who is the issuer ? SGBs are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bond is issued by Reserve Bank on behalf of Government of India. ============================= What is the minimum and maximum limit for investment ? The Bonds are issued in denominations of one gram of gold and in multiples thereof. Minimum investment in the Bond shall be one gram with a maximum limit of subscription of 4 kg for individuals, 4 kg for Hindu Undivided Family (HUF) and 20 kg for trusts and similar entities notified by the government from time to time per fiscal year (April – March). In case of joint holding, the limit applies to the first applicant. The annual ceiling will include bonds subscribed under different tranches during initial issuance by Government and those purchased from the secondary market. The ceiling on investment will not include the holdings as collateral by banks and other Financial Institutions ============================= Key details of Sovereign Gold Bonds (SGBs):- 1. Denomination: SGBs are denominated in grams of gold, and investors can buy in multiples of grams. 2. Interest Rate: They offer a fixed rate of interest, typically paid semi-annually. The interest is taxable, and the rate is decided by the government. 3. Tenure: The bonds have a maturity period of 8 years, with an exit option after the 5th year. This allows investors to sell/trade their bonds on stock exchanges. 4. Subscription Periods: SGBs are issued in tranches, and investors can subscribe during specific periods announced by the government. 5. Minimum and Maximum Investment: There is a minimum and maximum limit for investment in SGBs per financial year per individual. 6. Eligibility: Individuals, HUFs, trusts, universities, and charitable institutions are eligible to invest in SGBs. 7. Tradability: SGBs are tradable on stock exchanges, enhancing liquidity. 8. Tax Implications: While the interest is taxable, the capital gains arising on redemption are exempt if held until maturity. ============================= Main differences between Sovereign Gold Bonds (SGBs) and physical gold are:- 1. Form of Investment:    - SGBs: They are financial instruments issued by the government and represent ownership of gold in paper form.    - Physical Gold: Involves buying and holding actual gold in the form of coins, bars, or jewelry. 2. Interest Earned:    - SGBs: Offer a fixed rate of interest, providing an additional income stream to investors.    - Physical Gold: Does not generate any interest; its value is dependent solely on market price appreciation. 3. Liquidity:    - SGBs: Tradable on stock exchanges, providing liquidity and the option to sell before maturity.    - Physical Gold: Selling physical gold can involve additional costs, and liquidity may vary. 4. Storage and Security:    - SGBs: No need for physical storage as they exist in electronic form, reducing security concerns.    - Physical Gold: Requires safe storage, which may incur additional costs like renting a safety deposit box. 5. Market Price Exposure:    - SGBs: The value is linked to the market price of gold, providing exposure to gold price movements.    - Physical Gold: Directly impacted by changes in the market price of gold. 6. Tax Implications:    - SGBs: Interest income is taxable, but capital gains on redemption are exempt if held until maturity.    - Physical Gold: Capital gains tax applies if sold at a profit, and there may be implications for jewelry based on wealth tax. 7. Purity and Quality:    - SGBs: Guarantee purity standards as they represent a specific quantity of pure gold.    - Physical Gold: Purity and quality can vary, especially in jewelry, and may require assessment. 8. Convenience:    - SGBs: Offer ease of buying, selling, and tracking through electronic means.    - Physical Gold: Involves physical transactions, potentially requiring visits to dealers or jewelers. Choosing between SGBs and physical gold depends on individual preferences, investment goals, and considerations such as convenience, liquidity, and taxation. ============================= Note:- This is for educational purpose only. Please consult your financial Advisor before investing. It's important to check the latest details and terms with official sources or financial experts before making any investment decisions. We are not SEBI registered.
MCX:GOLD1!Long
by MasterTrader1949X