Gold MCX 5 June Future Weekly Technical Chart Analysis 22-26 Apr

21 Apr

📊 Gold MCX 5 June Future Technical Chart Analysis

🎯 Range Point: 72806
🎯 Weekly Range: 2115

📉 Buy Above: 72507
📉 Average At: 72258
🎯 Buy Targets 1: 74113
🎯 Buy Targets 2: 74921
🛑 Buyer Stoploss: 71802

📉 Sale Below: 72008
🎯 Sale Targets 1: 71499
🎯 Sale Targets 2: 70691
🛑 Seller Stoploss: 72713

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Gold MCX Future Weekly Technical Analysis Details:

Traders gearing up for Gold MCX Future should prepare for an eventful week ahead, characterized by clear levels and a defined weekly range.

Key Levels:

Range Point: 72806
Weekly Range: 2115 points

Buy Scenario:

Traders eyeing long positions should closely monitor the market for an uptick above 72507. Establishing an entry at 72258 may provide a stable average position. Target objectives for buyers are set ambitiously at 74113 and 74921, indicating potential bullish momentum. To safeguard against downside risk, a prudent stop-loss is recommended at 71802.

Sell Scenario:

Alternatively, a decline below 72008 could signal opportunities for short positions. Sellers targeting 71499 and 70691 should exercise caution. Implementing robust risk management strategies is essential, with a stop-loss set at 72713 to mitigate potential losses.

As traders navigate the Gold MCX Future, a comprehensive understanding of these levels and disciplined risk management practices will be critical for seizing opportunities while managing risks effectively.