According to the above chart, gold is playing between the green area. Currently, it’s close to the 50100 level. This level breakout will hit hard on MCX gold prices. And we can see the following target prices in the upcoming days: 49880 – 49500 – 49160
But what will happen if it remains above 50100? My answer is straightforward for you. STOP SELLING! This level can turn off the downtrend, and gold prices will start moving forward.
To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
Get free MCX ideas, chart setups, and analysis for the upcoming session: Commodity Tips →
Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.
looking good thanks!
A very interesting publication. Thanks to the author for the work.
Totally agree with your outlook and waiting for the next update.
keep killing it
This can happen, thanks for your awesome work!!