MGC1! buying here if we hold support, sell at 3412.4 if we fail to break 3414Micro Gold Futures (Dec 2024) forum
MGC1! buying here if we hold support, sell at 3412.4 if we fail to break 3414MGC1! Currently looking at this possibility if we go below the opening of the current 1hr Candle.Basic leading diagonal pattern that will target 3460-3486 FVG. Rather or not we will have a continuation towards ATH, will depend on price behavior in that zone
MGC1! how crazy would this be
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