MCX GOLD Forecast for 14-18 October 2024: Key Levels and Trading Strategy

By | October 13, 2024 12:13 pm

Strong demand has emerged at recent lower levels, with gold near 75000  As long as these levels hold, the bias is upward, potentially setting the stage for new price highs. These levels are key indicators for ongoing market trends, and sustained support at these points could lead to continued upward momentum.

MCX GOLD Gann Angle Chart

Gold is trading well above its 3×4 gann angle and made a fresh all time high.

MCX GOLD Supply Demand Zone

MCX GOLD  Supply Demand Chart : Demand in range of  75359-75444, Supply in range of 76000-76100

MCX GOLD Harmonic Analysis

Gold is heading towards 78000 till holding above 75000.

GOLD Astro/Gann Trend Change Date

13/17 October Important Gann/Astro Date for Trend Change

Weekly Trend Change Level:76210

Weekly Resistance:76485,76760,77035,77310

Weekly Support: 75935,75660,75444,75108

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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