BUY or SELL? Not clear, just act when the time comes. No need to rush. There will be a safe price for us to use our money. In this article, I will write 3 parts: (1) Summary of February (2) Prepare for long-term orders and (3) Short-term orders.
Summary of the gold trading orders in February
Order 1: Sell at 1845-1840,...
In technical viewpoint since Aug 2020 Gold continued traded lower low and lower highs and it does create a descending channel on daily chart.
Staring of this month Gold start traded below 200SMA on daily chart after a long period, which is very bearish signal for Gold.
If we see chart properly we may see a another descending channel within short range which may...
GOLD - Perfect time for investment
Reached final support zone. This is a perfect time to invest in Gold and target will be Descending channel resistance
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
MCX Gold is collapsing after making the all-time high of 56191 (swing high). It has created a parallel channel in December. Gold prices are rising here. If gold breaks the dynamic resistance without fakeout, it can touch 5 1000 - 52000 - 52384 levels at the beginning of 2021.
And if gold breaks the parallel channel and retracement value of 0.618 , it will...
As expected, gold has started collapsing after a breakout of the test level. Will it keep falling?
First, click here and read the previous article on gold: When Will MCX Gold explode?
I have written in clear words, " If gold remains below 47296 levels, it will come down to 0.618 value of Fib retracement. Targets: 46600 – 46000 – 45660 – 45200 ".
Gold has...
Midterm forecast:
While the price is above the support 1762.05, resumption of uptrend is expected.
We make sure when the resistance at 1875.15 breaks.
If the support at 1762.05 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A peak is...
GOLD MCX, 60 min chart
can go short with stoploss of 46856
for targets of 46244, 45870, 45676, 45400, and 44900
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your Financial advisor before trading or investing
Main scenario: If gold remains below 47296 levels, it will come down to 0.618 value of Fib retracement.
Targets: 46600 - 46000 - 45660 - 45200
Alternative scenario: If gold remains above 0.5 , it may try to hit 0.382 (TP: 48260 - 49000+ ).
So, here hurdle is 47296 for the short-term traders. Intraday traders can play both sides.
And we may see a...
Description:
The counter XAUUSD is moving in the parallel channel. The movement of the price is between the price range of 1769.13 and 1960.41. Specifying a particular trend is very difficult when the counter is in the parallel channel. Today the counter has tested the support baseline of the channel and there is no indication for a breakout. The market’s...
GOLD Descending channel formation at weekly time frame
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
NEED TO WAIT FOR THE CLOSURE OF 4HR CANDLE OR DAILY CANDLE BELOW 1812.
IF IT DO SO WE CAN EXPECT IT TO GO TILL THE LEVEL OF 1775 THEN TILL THE LEVEL OF 1730.
WE WILL SEE A GOOD RESISTANCE FROM A LEVEL OF 1825-1835
(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...
Gold , Before last week, I just named a structure as Umbrella pattern, and it went really bearish with super sell signal,
again i marked out today in a 1HR chart with a Small umbrella, which provides a foundation for a bearish move..
XAUUSD may look to go around 1770 - 60 area this week.. let see..
Analysis only for education purpose..
GOLD descending channel formation at day chart and expecting Gold to take support at S3 zone
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
![GOLD1!: UPDATE: When Will MCX Gold explode? [Profit - INR 210000]](https://s3.tradingview.com/r/r4oVCsML_mid.png "UPDATE: When Will MCX Gold explode? [Profit - INR 210000]")
