Navigation

MCX Gold In a Corrective Mode




Gold has seen a “5 Wave” rise from the low of 1240.It is witnessing a correction of previous upmove. Therefore, a correction towards 1274 and 1267 (38.2% and 50% retracement levels, respectively of the previous upmove) is possible. However, dips towards the support levels should be seen as a buying opportunity, as the short and the medium-term trends continue to remain bullish. On the way up, a rally towards 1310-1325 is likely once it manages to cross 1295. The momentum indicator is in a ‘negative’ mode.
Youtube Video Link : https://www.youtube.com/watch?v=zEsKytVpTas
Share

Shubhlaxmi

Shubhlaxmi Commodity is a Free portal where you are provided all market such as Commodity stocks futures and Currency Like USD To INR and internatinol live market prices and live charts and Free support and resistance level

Post A Comment: