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Thursday, February 11, 2016

MCX Gold Technical Analysis

Bursting Setup – MCX Gold

The previous day we discussed about The Bursting Setup formation in 120 Minutes NYMEX CrudeOil Chart 10 February 2016.

Today we witnessed the breaching of Upper Price Wall in MCX Gold of 28527 which is also the high of Bull Flag. Now its possible that we can see 29000-29300 level soon

MCX Gold - 240 Minutes

Price Pattern is acceptable. Volume Pattern is acceptable. It should start its breakout mode anytime. Lets see how it goes.

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