7678441202
GOLD FUTURES (MCX)
DATE OF PUBLISH 07-JANUARY-2025
Current Position :
• Currently stock is in Uptrend ( more likely to be 80 % bullish), [--- see the image no 02-----green trend line--- ].
• Minor Downtrend is formed and January month is very important for change in trend a small congestion zone (red
circle) is present in this month [--- see the image no 03--].
• Watch S/R levels on 15/30 min chart
• carefully read the levels description given below [--- see the image no 01--].
• This report is valid till next 5 to 7 days
• Also, this report is more likely for weekly basis so that's why I have not mention the other details
Important Support/Resistance levels to Watch
Upside Resistance :
77460 - Trading above market is very strong
77760 - Minor Resistance
78040 - Strong Resistance
78326 - Very Important Resistance and short-term top
78690 - Minor resistance
78920 - Strong Resistance
Downside Support :
76980 - Sustain Below is a bearish indication and strength is going to weaken
76460 - Break below more downside move will come
76050 - short term bottom
75530 - Strong Support
75050 - Important Levels (support)
We have to review it after some time more likely to be approx. after 7 Days to keep updated with the market trend
Image No- 01
Image No- 02
Image No- 03
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