Gold Big Fall||Mcx Gold Live Intraday Trading Strategy||Gold Price Target Prediction|Gold Big Update

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MCX GOLD FUTURE INTRADAY TRADING STRATEGY🔴GOLD LATEST NEWS🔴GOLD WEEKLY REPORT🔴GOLD TECHNICAL ANALYSIS

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MCX Gold June futures technical chart has taken the formation of an “decending broadening wedge” pattern in the daily time frame. Following some sideways movements within the channel, the last session traded lower and yet closed in the ref. Based on the current price action, the market is expected to continue on bearish momentum once the same breaks below the key support level holding near 59050. The downside rally could possibly test up to 58800-58500 levels in the upcoming sessions. An alternative scenario indicates that if the market struggles to break the resistance level, then it might retest the same and revise the trend to bullish mode once again. Key resistance holds near 59500 A slide to 59850 is also a possibility if the price makes or breaks upside the current resistance level.

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