MCX GOLD Weekly Analysis 08 July – 12 July 2024

By | July 7, 2024 1:32 pm

Comex Gold extended gains amid rising bets that the Federal Reserve will trim interest rates before year-end after poor US economic data

MCX GOLD Gann Angle Chart

Gold has heading towards its 4×3 Gann Angle resistance @73600

MCX GOLD Supply Demand Zone



MCX GOLD  Supply Demand Chart : Demand in range of  71875-71800, Supply in range of 73500-73600

MCX GOLD Harmonic Analysis



ABCD pattern is completed and price can retrace towards 69307.

GOLD Astro/Gann Trend Change Date

10 July Important Gann/Astro Date for Trend Change

Weekly Trend Change Level:73011

Weekly Resistance:73279,73548,73817,74086,74354

Weekly Support: 72878,72608,72337,72067,71796

Levels Mentioned are for Current Month Future

Wishing you good health and trading success as always.As always, prioritize your health and trade with caution.

As always, it’s essential to closely monitor market movements and make informed decisions based on a well-thought-out trading plan and risk management strategy. Market conditions can change rapidly, and it’s crucial to be adaptable and cautious in your approach.

Trade smartly and safely.

Category: Gold Gann Analysis

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

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