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Comex

Gold Forecast 05/07/2022XAUUSD reached an intraday high of $ 1,814.41 and found buyers at $ 1,803.93. From a technical standpoint, the metal is neutral to bearish on the daily chart, trading well below a bearish SMA of 20, which is currently converging with a descending trend line at $ 1,831.70. The Momentum indicator is flat around its midline, while the RSI indicator consolidates around 39, favoring the downside. The 4-hour chart shows that gold is unable to advance beyond a bearish SMA of 20, which continues to provide dynamic resistance around $ 1,809.90. Meanwhile, technical indicators remain aimlessly on negative levels, favoring another step to the south without confirmation. Support Levels: 1,803.90 1,789.50 1,775.60 Resistance levels: 1,810.00 1,819.70 1,831.70
TVC:GOLD
by OAurthor
(COMEX) GOLD SPOT - Next Big Move (EWT)(COMEX) GOLD SPOT started to make the bearish Elliott wave. After making the 3rd wave, it started to make the 4th wave. It may see 1970+ The trend will fall again after a particular level around 1965 , to make the 5th wave. And after taking a reversal, it will fall up to the dynamic support. After the breakout of the dynamic support, it will hit 1900 - 1886 , up to the resistance, and after breaking resistance, the trend will touch 1850 - 1790 . But what if starts to move upside? 1. If it starts to move upside, 2. Or takes a reversal from a particular level Then it's the failure of the Elliott wave pattern. And the target for the uptrend is as following 1979 - 2000 . Analysis Based on the indicators: DMI - ADX is less than 25 means downside movement, and +DI is above -DI that shows an uptrend. RSI is showing a downtrend.
COMEX:GC1!
by freestocktips
2
MCX Gold - Classic Bullish Triangle (Expect 56191+)Bullish Triangle Running – A Classic Scenario for MCX Gold ------------------------------------------------------------------------------------------------------------------------------- Disclaimer ----------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. ------------------------------------------------------------------------------------------------------------------------------- Last Price- 51650 / Time- 21:12 Hrs (9 pm) - 26th Aug 2020 ------------------------------------------------------------------------------------------------------------------------------- The description is based on a scientific analysis called wave theory as mentioned below ------------------------------------------------------------------------------------------------------------------------------- Currently Running in Wave-D Expected Out Come Wave- D & Wave -E Pending Wave-D should stop current upside move below Wave-B @ 53965 Highs to be a valid setup Post-Wave-D is done, we shall expect Wave-E Downside Once Wave-E is done downside- it should hold above 49955 low which is marked as Wave-A (means- your stops should be below 49955 lows post completing Wave-E) This forms a penultimate wave- means the second last wave on the upside that means one wave more on the upside is pending which will take Gold to the same level-56191 or above 56191 highs as of 7th Aug 2020 Best visual representation has been marked using Arrows which could be a possible trajectory for the commodity in coming days ------------------------------------------------------------------------------------------------------------------------------- Thanks
Editors' picks
MCX:GOLD1!Long
by WaveTalks
8