Gold Futures (Aug 2027) forum
Basic leading diagonal pattern that will target 3460-3486 FVG. Rather or not we will have a continuation towards ATH, will depend on price behavior in that zone


MCX Gold October down trend:
1. Profit-taking in gold is anticipated today as prices reverse from recent highs, initiating a fresh downtrend.
2. Gold declines as the gold-silver ratio shifts, signaling renewed selling pressure.
3. Following earlier highs, gold enters a corrective phase today, driven by profit booking and gold-silver ratio dynamics.
4. Downtrend emerges in gold after peak levels, with price action influenced by movements in the gold-silver ratio.
5. Gold retreats from intraday highs as profit booking sets in, pressured by relative weakness against silver.
Intraday strategy for Gold:
MCX Gold October shows signs of a trend reversal ahead of the US market open. Initiate short positions at CMP or in the 100,500–100,600 range.
Target: fresh intraday low at 100,000, with near-term support at 99,800 and 99,500 expected in the next few hours.
Profit 10lakh per 10lot....sell max and wait TGT1 100000 and 114000 gold and silver before 9pm....