MCX GOLD Forecast for 28-31 October 2024: Key Levels and Trading Strategy

By | October 27, 2024 1:10 pm

Last Night, the Israeli Air Force conducted a coordinated strike campaign against military targets inside Iran, dubbed Operation “Days of Repentance.” The mission involved dozens of aircraft, including strike fighters, refueling tankers, and reconnaissance planes, all of which have successfully returned to their bases in Israel. Several key strikes targeted Iranian air defense sites, broadening the Israeli Air Force’s operational freedom for future missions over a wider range of targets in Iran. The extent of the damage inflicted will be disclosed over time, with the Israel Defense Forces now assessing the situation to anticipate any potential Iranian response.

The correct way to look at Israel news is @

✅A big relief to the world financial markets

✅Israel did not commence any major attack on civilians, nuclear sites, oil fields nor any continuous attacks

✅It was similar gesture attack like Iran had previously on Israel

✅Chances of retaliation by Iran are next to NIL

✅We at financial markets work on probability index The probability index of any further retaliation or further conflict is in big favour for the world financial markets..

✅US confirms any and all direct confrontations between Iran & Israel comes to an end.

MCX GOLD Gann Angle Chart

Gold is trading well above its 3×4 gann angle and made a fresh all time high Heading towards 79057 till holding 76797.

MCX GOLD Supply Demand Zone

MCX GOLD  Supply Demand Chart : Demand in range of  76400-76467, Supply in range of 77841-78000.

MCX GOLD Harmonic Analysis

Gold is heading towards 79507 till holding above 76797.

GOLD Astro/Gann Trend Change Date

22 October Important Gann/Astro Date for Trend Change

Weekly Trend Change Level:78727

Weekly Resistance:79006,79284,79563,79841

Weekly Support: 78448,78170,77891,77613

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: Commodities 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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