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Gold Will Show 2000 Points Movement SoonThe 3-impulsive Wave was considered extended with 316% of the 1-Wave included numbers of gaps. A, B, C, and D is a parallel channel of the 4-wave. The price was traveled to appro. 38.2 retraced from 3-wave. The 5-wave minor crossed of 3-wave on the account of the extended move seen 3rd wave. We then came down to the level marked wave 4, but I have put a question mark there. This is because there is a small chance that we are in the middle of a complex correction and so wave 4 might have finished at the point where I have tentatively placed the number (A) to the right. As far as the investor is concerned, he should have gotten out of this stock at the point marked wave 5 top because that was as high as one could ride his luck in an extended fifth wave. In the not too distant future, we should expect Gold to be dumped and for it to reach the low 41000 levels. Attention: it can surge for 49000 to 50000 after a breakout of wave fifth top.
MCX:GOLD1!Short
by freestocktips
1
CRUDE AT ROCKBOTTOM:SELL VIEW POSTED ON 19 APR 20:DROPPED 99%For crudeoil, I publised my bearish view with immediate target of $9 on 19 Apr 20, it was trading at $24.83. Now trading at 0.08 cents My post Lot of you have thanked me for early warning to exit longs and save their hard earned. I am also glad to know that lot of you have made HUGE money on this too. All the best for future trading Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. "Always Respect Risk" Happy Trading Jai Hind Dhiraj Singh Bais Warrior @ Battle field
TVC:USOIL
by DhirajSinghBais
12
Gold’s weekly outlook: July 08-12Gold finally paused after the stellar rally as it moved in a range of $55 cradled between the support and the resistance posting a negative return of $10 after 6 weeks. The fall was on account of better than expected payroll data which reduced the likelihood of a rate cut in the next Fed meet allowing the dollar index to move higher. But even amongst such fundamental developments gold did not break the support on closing basis indicating the trend hasn’t been affected though a close below $1400 mark may pinch the bulls. Important event lined up in next week – “Fed chair Powell testifies”. On the chart – Gold may have entered into time correction/consolidation after 6 weeks of vertical upside which is quite normal given the size of the rally. We have 2 scenarios – 1. Gold closed above the support, till this is held it can move till $1406. If this is crossed it can rally till $1412. And if this is taken out it can move towards $1420 and finally $1434. Short trades still don’t fit into the picture as supports were held and trend remains far too bullish for any counter-trend trade except scalping. Bullish view – Bulls attempted a jab at the highs again but failed to register a new one allowing consolidation to kick in as buying was not visible at the highs. Still they managed a good closing perfectly above the breakout area which suggests buying at the lows as slowdown fears continue to grip the globe even after a successful G20 summit and U.S – China trade talks. For bulls to keep continuing higher they need to defend the supports as well as aim for new highs as technicals and fundamentals are very much favorable for them. Bearishness remains off the table as broad trend remains ultra bullish. On larger terms, Gold remains bullish and prices are expected to head higher. Possible trades are on both sides but mainly on upside, gold can be bought above $1406 for the targets of $1412 and $1420 with a stop loss placed below $1392. Longer term target $1434. Dips towards support (and breakout region) can be used to create longs for the above mentioned targets. Shorts can be useful for scalp trades only.
TVC:GOLDLong
by vanimator
Gold’s weekly outlook: July 01-05Gold continued its rally as it rose more than $40 in the week but ended with modest gains of $11. This surge from lows was broadly on account of an accommodative Fed which became the reason for the fall as Fed’s Chair Powell signaled not so brisk path to rate cuts in his speech last week. The G20 summit and the most important Trump – Xi meet resulted in lowering of global tensions for time being which should be a negative for gold. Even amidst such occurrences gold remained strong as it closed above $1400 mark for the first time since 2013 showing great follow through on upside. On the chart – Gold continued to break through resistances as it registered a high of $1439 but failed to hold on to big gains. The close above $1400 after 6 years does show the bullish strength and continuation of the trend. We have 2 scenarios – 1. Gold closed above the support, till this is held it can move to $1420. If this is crossed it can rally till $1434. Bearish trades do gain some interest due to the outcome of the G20 summit and U.S – China meet but again it is only limited to scalping as the broad trend has turned ultra bullish given the breakouts. Bullish view – Bulls charged ahead claiming the important level of $1434, though failed to hold on to the gains still they managed a closing above $1400 after good 6 years which itself is a big achievement. Dampening factors include the lowering of global tensions due to U.S – China meet and G20 summit and the respect of the red trendline line again. For bulls to keep going higher they need to protect the supports and continue to create new highs. Bearishness continues to remain off the table given the breakout gold had on the upside. On larger terms, Gold continues to remain bullish and prices are expected to head higher. Possible trades are on both sides but mainly on upside, gold can be bought above $1412 for the targets of $1420 and $1434 with a stop loss placed below $1392. Dips towards support (and breakout region) can be used to create longs for the above mentioned targets. Shorts can be useful for scalp trades only.
TVC:GOLDLong
by vanimator
Gold’s weekly outlook: June 24-28Gold closed at a six year high after gaining more than $57 in a monumental week which spanned nearly $80 in terms of range making it the biggest week since November 2016. Gold not only crossed $1400, it broke through multiple technical patterns which makes it supremely bullish. Fundamentally this breakout happened due to geopolitical concerns arising from U.S – Iran tensions which crept up another level when a drone was taken down prompting fears regarding a possible war. Dovish monetary policies, Global slowdown fears and ever spawning tensions between major economies (U.S taking the center stage in almost every chapter) will remain the driving factor for the gold on the upside. On the chart – Gold continued its enraged bull run breaking out of long consolidation as it mastered the $1400 mark after six good years. With almost all technical patterns broken on upside along with fundamental support gold has a fresh legs to scale highs of year 2013. We have 2 scenarios – 1. Gold had an enormous breakout, till its respected it can move to $1406. Once this is crossed it can rally to $1420. If this is taken out it can rise till $1434. Bears had their share for last 6 years. Trend has changed comprehensively after last week’s breakout removing bearish bets and calls until a top is reached excepting scalping. Bullish view – The screen was all green as bulls roared above $1400 for the first time after 6 years comprehensively breaking out of long consolidation and multiple technical patterns. Every angle sounds bullish as the quality of the move (breakout) signals immense follow through on the upside. Clock has turned back in favor of bulls big time with expected breakout of over 350 points once $1434 is conquered. Trend change on a broad scale removes bearishness from the equation. On larger terms, Gold has turned ultra bullish and prices are expected to head higher. Possible trades are on both sides but mainly on upside, gold can be bought above $1406 for the targets of $1420 and $1434 with a stop loss placed below $1392. Dips towards support (and breakout region) can be used to create longs for the above mentioned targets. Shorts can be useful for scalp trades only.
TVC:GOLDLong
by vanimator