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MCX GOLD & SILVER – Trading Insights & Update

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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.

Timeline:

[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.

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MCX Gold & Silver Technical Analyses: Recent Trends & Upcoming Targets

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Free commodity gold daily chart and tips

MCX Gold Technical Analysis: A U-Turn in the Control Channel Signals Potential Targets

According to the above technical daily chart, MCX Gold futures in the Indian commodity market have recently reversed direction within the control channel. It is reasonable to anticipate potential price levels at 58660, 58360, and 58000 before the commodity resumes its upward trend. Stay tuned for additional updates and insights on the gold market.

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