MCX Gold Petal Tips for Today


The below MCX gold petal tips & technical levels charts are updated at 9.30 am everyday based on the previous days data of the mcx gold petal and today's open price which is fetched from our server. Based on the quant's advanced camarilla equation and today's mcx gold petal open we have plotted the possible reversal and break out levels tips. Please use the levels and charts below for trading purposes.

​Last Updated:  11/06/21

Long & Short Reversal Tips for Gold Petal MCX, INDIA

Signal

Entry

Stop Loss

Target 1

Target 2

Target 3

Buy above

4833.73

4822.45

4848.76

4852.52

4856.27

Sell below

4856.27

4867.55

4841.24

4837.48

4833.73

Long & Short Breakout Tips for Gold Petal MCX, INDIA

Signal

Entry

Stop Loss

Target 1

Target 2

Breakout Buy above

4867.55

4856.27

4886.32

4908.23

Breakout Sell below

4822.45

4833.73

4803.68

4781.77

For your easy understanding we have plotted the above reversal and breakout level scenarios explanation in a easy readable charts below with entry, targets and stop loss.

MCX Gold Petal Intraday Tips Chart


MCX Gold Petal Tips

The Equation involves two types of trading one with the trend and one against the trend, the important levels to note are the L3 and H3 levels, where you may expect a reversal to occur (Research shows that reversals from L3 and H3 happen as often as 4 out of 5 times – 80% during intraday trading. ), and the L4 and H4 levels where you may expect a major breakout to occur.

Live Intraday Tips : Camarilla levels & mcx gold petal target for today 11/06/21

H6

4908.23

Target 2

H5

4886.32

Target 1

H4

4867.55

Long Break Out

H3

4856.27

Go Short / Sell Below

H2

4852.52

H1

4848.76

Pivot

4834.00

Pivot

L1

4841.24

L2

4837.48

L3

4833.73

Go Long / Buy Above

L4

4822.45

Short Breakout

L5

4803.68

Target 1

L6

4781.77

Target 2

How to Trade the Free MCX Gold Petal Tips


Trading is done on the basis of open of the commodity. Depending on the open price of gold petal there can be five different scenarios occurring. Each scenario is discussed in a very detailed manner below.

  • SCENARIO 1
  • SCENARIO 2
  • SCENARIO 3
  • SCENARIO 4
  • SCENARIO 5

When the open of mcx gold petal is between H3 : 4856.27 and L3: 4833.73


  To Enter Long Position (BUY)


Wait for the price to go below 4833.73 and again when the rate moves back above 4833.73 Go Long. Stop loss can be placed at 4822.45

Targets will be Target 1 : 4848.76, Target 2 : 4852.52, Target 3 : 4856.27


  To Enter Short Position (SELL)


Wait for the price to go above 4856.27 and again when the rate moves back below 4856.27 Go Short. Stop loss can be placed at 4867.55


Targets will be Target 1 : 4841.24, Target 2 : 4837.48, Target 3 : 4833.73

About Camarilla Pivot Point Intraday Trading Strategy :

Camarilla pivot point ( mean reversion ) is a very popular intraday trading strategy still used by many traders which has an astounding accuracy with consistent performance.

Camarilla pivot point theory is an advanced form of the existing normal classical pivot point strategy founded by Nick scott a very successful bond trader in end of 1980’s It is highly accurate for trading high beta stocks and commodities. The Equation works on thesis that price most of the time has tendency to revert to its mean.

MCX Gold Petal Short Term Tips


Short term levels are calculated based on the previous week mcx gold petal open high low close. Here today's open doesn't play a major role, henceforth use the levels calculated below for possible reversal and break outs for your short term positional trading.

H6

4988.78

TGT 2

H5

4932.98

TGT1

H4

4885.20

Long Break Out

H3

4856.60

Go Short / Sell Below

H2

4847.07

H1

4837.53

Pivot

4832.67

Pivot

L1

4818.47

L2

4808.93

L3

4799.40

Go Long / Buy Above

L4

4770.80

Short Breakout

L5

4723.02

TGT 1

L6

4667.22

TGT 2


Short Term Gold Petal Buy & Sell Reversal Tips

Signal

Entry

Stop Loss

Target 1

Tgt 2

Tgt 3

Short Term Buy above

4799.40

4770.80

4837.53

4847.07

4856.60

Short Term Sell below

4856.60

4885.20

4818.47

4808.93

4799.40

Short Term Gold Petal Buy & Sell Breakout Tips

Signal

Entry

Stop Loss

Tgt 1

Tgt 2

Short Term Breakout Buy above

4885.20

4856.60

4932.98

4988.78

Short Term Breakout Sell below

4770.80

4799.40

4723.02

4667.22

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