#Gold Aug Fut (Cmp: 50530)
- Gold has formed and trading in a symmetrical triangle pattern on a daily chart
- Look bearish below 50100 level
- Expecting if support breaks we can see huge downside rally upto 48000-46000-44000 in coming trading session (or will achieve this targets in the next coming contract Oct Series)
- Bullish only above 51850
- Keep watch on the given levels
Note: View given on MCX Gold is as per using technical studies. I can be wrong at any place so do your own analysis and trade accordingly or consult your financial advisor.
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Disclaimer: Above provided view & recommendation is posted for educational purpose. There is a risk of loss in investing or trading in securities (cash or futures or options) which you should be aware of prior to making an investment/trading decision, including the possible loss of principal. You are responsible for all investment decisions you make including understanding the risks involved, even if it is based on information. Therefore. before taking any financial decision you are requested to consult with a financial expert.
