MGC1! accumulation happening, We might revisit 3412.7 if we stay above 3403.8Gold Futures (Aug 2021) forum
MGC1! accumulation happening, We might revisit 3412.7 if we stay above 3403.8
GOLD1! Downtrend in Gold as Profit Booking AcceleratesMCX Gold October down trend:
1. Profit-taking in gold is anticipated today as prices reverse from recent highs, initiating a fresh downtrend.
2. Gold declines as the gold-silver ratio shifts, signaling renewed selling pressure.
3. Following earlier highs, gold enters a corrective phase today, driven by profit booking and gold-silver ratio dynamics.
4. Downtrend emerges in gold after peak levels, with price action influenced by movements in the gold-silver ratio.
5. Gold retreats from intraday highs as profit booking sets in, pressured by relative weakness against silver.
Intraday strategy for Gold:
MCX Gold October shows signs of a trend reversal ahead of the US market open. Initiate short positions at CMP or in the 100,500–100,600 range.
Target: fresh intraday low at 100,000, with near-term support at 99,800 and 99,500 expected in the next few hours.
GOLD1! MCX....Trend Change....Market crashed....Profit 10lakh per 10lot....sell max and wait TGT1 100000 and 114000 gold and silver before 9pm....
GC1! nicely passed through weekly VWAP. waiting for next retest to confirm. Upcoming news is likely pointing bullish in the coming days with tariffs now in play.
GC1! Please be aware that we have new Rules for posting in Minds tradingview.com/support/solutions/43000696301-using-minds
GC1! There is a lot of scenario. Be patient. if 4H candle close above 3355 it could go up, but there is weak bull pressure, i think it will bounce back from 3363. Just my opinion. Everything between is just liquidity sweep.......GC1! Just consolidation between 3343 - 3353
GC1! possible bounce of previous poc?
GOLD1! MCx...market open gap up today....see tuesdays buy call...
10lakh per 10lot tuesdays buy call gold and silver profit....
major movement today in gold and silver....
wait 99500 or again 101000 in next few hours....
sebi registered analyst
MGC1! Possible fakeout incoming?