49lakh per 10lot todays sell call gold and silver profit before 3pm....now wait 140k or 146k gold august and are you still loss in gold and silver SEBI Reg.
1 LAST FREE TRIAL CALL....
Those traders who still hold yesterday's 2nd BTST buy call, Exit and book full profits.....
Trend Change - Intraday trading strategy for Gold and Silver....
Sell Gold August and Silver Sep futures 144950-145150 range and 227000-227500 range
SL ?
TGT1 144000+224000
TGT2 143500+223000
TGT3 143000+221000.....Trade and Sell Maxxxx
Profit +200000 per lot and +20lakh per 10lot Gold and Silver before 9pm....
Are you still loss in Gold and Silver???
SEBI Registered Research Analyst.....
*MCX Gold & Silver Outlook: Profit Booking Likely After Sharp Selloff, Is It Time to Buy the Dip?*
*Detailed Analysis*
MCX precious metals started the week on a weak note, with both gold and silver opening sharply lower. The significant gap down opening extended the bearish momentum seen over the past few sessions, validating last week's sell recommendations. Gold and silver have witnessed substantial declines, and traders who followed the earlier bearish strategy have already seen all downside targets achieved.
Last week, MCX Gold August Futures were recommended as a sell near the ₹147500 level, and prices have now fallen to around ₹140673 per 10 grams, delivering a decline of more than 6800 points. Similarly, MCX Silver September Futures, which were recommended as a sell near ₹238800 per kilogram, dropped to around ₹217277, generating a move of over 21500 points within just a few trading sessions.
Following today's gap down opening, some short covering emerged during the European session. However, prices remained under pressure later in the day, leaving traders uncertain about whether the current downtrend will continue or whether a technical rebound is likely after such a sharp correction.
During the morning US session, MCX Gold August Futures traded near ₹140673 per 10 grams, while MCX Silver September Futures traded around ₹218100 per kilogram. After such an aggressive decline, the possibility of profit booking in existing short positions has increased, which could trigger a short-term recovery in both metals.
*MCX, Intraday Trading Strategy Gold and Silver*
Buy MCX Gold August Futures
Buy Zone: ₹140500 - ₹140700
Targets: ₹142800 ₹143000 ₹143500
Stop Loss: As per your risk management.
Buy MCX Silver September Futures
Buy Zone: ₹217500 - ₹218100
Targets: ₹222000 ₹223000 ₹224000
Stop Loss: As per your risk management.
*Conclusion*
1. After a steep decline over the past few sessions, traders who followed last week's sell recommendations may consider booking profits.
2. Oversold conditions could encourage short covering and profit booking, supporting a technical rebound in both gold and silver.
3. Traders should remain disciplined with position sizing and risk management, as volatility is expected to remain elevated.
4. A recovery from current levels cannot be ruled out if buying interest strengthens during the US trading session.
Book full profits in Gold and Silver....see last weeks sell call....Trend Change....140500-140700 to 142800 Gold and 217500-218100 to 222k Silver before closing
Gold & Silver Outlook: Sharp Correction Brings Profit Booking Opportunity, Is a Technical Rebound Ahead?
Detailed Analysis
Precious metals extended their decline at the start of the week, with both gold and silver opening sharply lower on Monday. The gap down opening reflected continued bearish sentiment, while heightened volatility kept traders cautious. Those who followed last week's sell recommendations have already witnessed a significant downside move, with all major targets successfully achieved.
Over the past few sessions, Gold August Futures have declined from around $4215 to approximately $3991.90 per ounce, while Silver September Futures have corrected from nearly $63.700 to around $57.190 range. The sharp fall has once again left traders wondering whether the downtrend will continue or whether the market is preparing for a short term recovery through profit booking.
Why Are Gold and Silver Under Pressure?
Gold remained under pressure after tumbling nearly 3% on Monday, briefly falling below the $4000 per ounce level for the first time in three weeks. The latest wave of selling has been driven by renewed geopolitical uncertainty. US President Donald Trump announced plans to reinstate restrictions on Iranian shipping through the Gulf and proposed a 20% transit fee on cargo passing through the Strait of Hormuz. These developments have increased uncertainty regarding the durability of the fragile ceasefire reached earlier this year. At the same time, investors remain cautious ahead of the release of key US Consumer Inflation (CPI) data, which is expected to provide fresh guidance on the Federal Reserve's monetary policy outlook. Stronger than expected inflation could reinforce expectations of higher interest rates, while softer inflation may support a rebound in precious metals.
Technical Outlook for Gold and Silver Futures
After such a sharp correction over the past few sessions, markets may become vulnerable to short covering and profit booking. Traders holding profitable short positions could begin locking in gains, potentially supporting a technical recovery in both gold and silver before the next major directional move. While the broader trend remains sensitive to US economic data, Federal Reserve expectations, and geopolitical developments, oversold conditions may encourage bargain buying at lower levels.
Buy Gold August Futures
Buy Zone: $3985 - $3995 per ounce
Targets: $4040 $4060 $4100
Stop Loss: As per your risk management.
Buy Silver September Futures
Buy Zone: $57.100 - $57.300 range
Targets: $58.500 $59.000 $60.000
Stop Loss: As per your risk management.
Conclusion
1. Gold and silver have witnessed a sharp correction after opening the week with a significant gap down, rewarding traders who followed last week's sell strategy.
2. However, after such an aggressive decline, the probability of profit booking and short covering has increased.
3. Traders who are already holding profitable short positions may consider booking profits, while aggressive traders can watch for buying opportunities if prices stabilize around current levels.
4. The upcoming US inflation data is likely to be the next major catalyst for precious metals. Until then, volatility is expected to remain elevated, making disciplined risk management and intraday trading strategies particularly important.
Hiren Garasondia's Research Gold and Silver