MCX Gold Analysis & Economic Outlook: Feb 25 – Mar 1, 2024

Analyzing Gold’s Technical Trends and Economic Influences
MCX Gold is currently moving within a parallel channel, suggesting potential upticks to 63600 – 64160 – 65000 levels. Last week, it rose by 0.75%, gaining 467 points.
Gold faces selling pressure near the Control Line. To maintain an upward trend, it must break the 62600 level. If not, it may drop to 61160 – 59600, especially for intraday traders.
Key Economic Events:
These events might affect gold, silver, crude oil, and natural gas prices:
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Gold & Aluminum Updates: Hits Target Prices Swiftly
If not, you can read it here: Gold Price Analysis – Key Levels and Targets for Intraday Traders
Highlighted in bold yesterday, we emphasized, “Finding a foothold at 61960, MCX Gold prices hinge on a crucial juncture. A crossover and break today could lead to target prices of 61860, 61760, and 61560.”
Gold successfully achieved all target prices within a single trading session.
Reminder to our premium subscribers: Aluminum Report – it’s on the verge of hitting our first target.Continue reading
MCX Gold Price Analysis: Key Levels and Targets for Intraday Traders
Silver Trends: Time Cycle & Technical Insight
Analyzing Silver’s Market Movements: Navigating Potential Uptrends and Downtrends with Time Cycle and Technical Analysis

MCX GOLD & SILVER – Trading Insights & Update
MCX Gold Technical Analysis: A U-Turn in the Control Channel Signals Potential Targets
Have you traded MCX GOLD price action analysis?
Click here: MCX Gold Technical Analysis: A U-Turn in the Control Channel Signals Potential Targets
We had mentioned clearly, It is reasonable to anticipate potential price levels at 58660, 58360, and 58000 before the commodity resumes its upward trend.
[12 September 2023]
- 04:45 PM – Price touched the first target of 58660.
[14 September 2023]
- 06:00 PM – MCX GOld Touched the second target of 58360
If you have traded this setup, you could have made more than ₹63,300 / lot.
We will update further information for premium subscribers soon.Continue reading