GOLD MCX Price Prediction 2022
The above chart of MCX- GOLD laid out the ascending triangle pattern. The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trendline that connects the highs and the lower trendline that connects the rising lows.
If the current price action breaches the resistance level of Rs 55460, MCX- GOLD will enter a bullish trajectory to reach its target at Rs 66060.
Currently, MCX- GOLD is at Rs 51890. If the pattern continues, the price of MCX- GOLD might reach the resistance level of Rs 55460, and Rs 66060. If the trend reverses, then the price of MCX- GOLD may fall to Rs 45515 and Rs 43900
Entry Price - Current Market Price (CMP) Rs 51875
Target - Rs 55460 and Rs 66060
Stop Loss - 49685
Happy Trading
The above chart of MCX- GOLD laid out the ascending triangle pattern. The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trendline that connects the highs and the lower trendline that connects the rising lows.
If the current price action breaches the resistance level of Rs 55460, MCX- GOLD will enter a bullish trajectory to reach its target at Rs 66060.
Currently, MCX- GOLD is at Rs 51890. If the pattern continues, the price of MCX- GOLD might reach the resistance level of Rs 55460, and Rs 66060. If the trend reverses, then the price of MCX- GOLD may fall to Rs 45515 and Rs 43900
Entry Price - Current Market Price (CMP) Rs 51875
Target - Rs 55460 and Rs 66060
Stop Loss - 49685
Happy Trading