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Gold

#GOLD it's possible to buy#GOLD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance Why we like it: Price is trading in nearby 4hr support area Waiting for bullish candlesticks formed possible to move the next resistance area 1st support: 1683 Next Zone area & horizontal swing Low support 1st Resistance 1820 Zone area & horizontal swing high resistance
TVC:GOLDLong
by Skandhatrade
Golden opportunity to buy some GOLD!!GOLD: The idea for Investment point of view-- As per Elliott I have marked my numbering & shared it here.. Here wave 1 got terminated at the 32500 level & wave 2 got retraced till 26925, where it tested recent support. Wave 3 is in extended mode and got terminated at 56298 & wave 4 got retraced till 44073 ( as I am monthly TF, so I am expecting simple corrections) & currently I am in wave 5 Projections as per fibonnaci-- wave 3 got super extended as shared (extreme bullishness), and wave 4 got retraced to 38% level. Now, let's talk about recent resistance & projections-- Resistance, check TL and if we talk about projections it should be somewhere above 38% to 61% extended till 100% , both chart shared.
MCX:GOLD1!Long
by ShubhamKatiyar
GOLD SELL IDEASELL ONLY AFTER RETEST Note: All ideas forecasts are my personal views on the market, I share these ideas for free, and you're free to share my profile link with your friends, please do not use my Idea without credit. I post and share for educational purposes hence no idea we publish should be considered an investment advice. I mostly share ideas with more than normal conviction, meaning I mostly share ideas with High conviction. You can check all my work, you can understand my style of analyzing market, please if you like my work do help me earn reputation and like, comment on my ideas, we can discuss more here.
FOREXCOM:XAUUSDShort
by CELGIB_TRADING
2
#GOLD it's possible to buy#GOLD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance Why we like it: Price is trading in nearby 4hr support area Waiting for bullish candlesticks formed possible to move the next resistance area 1st support: 1683 Next Zone area & horizontal swing Low support 1st Resistance 1820 Zone area & horizontal swing high resistance
TVC:GOLDLong
by Skandhatrade
Gold seesaws near key hurdles to the northGold prices brace for the biggest weekly jump in three as it stays around the highest levels since mid-August. However, the metal still has some strong resistance ahead before offering a free ride to the bulls. Among them, a 5.5-month-old horizontal resistance area surrounding $1,805 gain major attention as RSI (14) approaches the overbought territory. Should the bullion prices remain firmer past $1,805, the 78.6% Fibonacci retracement level of June-September downside near $1,821 can act as a validation point for the rally targeting the mid-June swing high near $1,859 and then to the June’s peak of $1,879. Meanwhile, pullback moves remain invalid unless the gold price remains beyond the 61.8% Fibonacci retracement level surrounding $1,778. Following that, Monday’s high near $1,763 and 50% Fibonacci retracement level near $1,747 may test the bears ahead of highlighting the 15-week-old horizontal support zone near $1,728. It’s worth noting that the quote’s daily closing below $1,728 could invalidate the recovery hopes and recall the sellers targeting $1,700, as well as July’s trough near $1,680. Overall, gold is likely to witness further upside as it crossed November’s peak but further upside has limited room.
OANDA:XAUUSD
by MTradingGlobal
#GOLD it's possible to buy#GOLD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance Why we like it: Price is trading in nearby 4hr support area Waiting for bullish candlesticks formed possible to move the next resistance area 1st support: 1683 Next Zone area & horizontal swing Low support 1st Resistance 1789 Zone area & horizontal swing high resistance
TVC:GOLDLong
by Skandhatrade
GOLD FUTURES - View and Levels for 29 Nov 2022GOLD FUTURES Intraday levels for Tomorrow.. Gold Bearish and Negative Sentiment = BEARISH Trend At Buyers zone we can look for BUY entry and SELL entry at Sellers area. Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support. For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle. Refer the chart for detailed Intraday Support and Resistance levels. Happy Trading!!
MCX:GOLD1!Short
by ViVenTraders
#GOLD it's possible to buy#GOLD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance Why we like it: Price is trading in nearby 4hr support area Waiting for bullish candlesticks formed possible to move the next resistance area 1st support: 1683 Next Zone area & horizontal swing Low support 1st Resistance 1789 Zone area & horizontal swing high resistance
TVC:GOLDLong
by Skandhatrade
Gold buyers are all set to revisit $1,787Gold pierces 50-SMA as it braces for the weekly gains with a four-day uptrend. The upside momentum also gains support from the MACD and RSI indicators and portrays a nice bounce off the previous monthly peak. With this, the yellow metal is set for refreshing the monthly peak surrounding $1,787. In that case, the $1,800 threshold gains major attention ahead of August month’s high near $1,808. It’s worth noting that the bullion’s successful run-up beyond $1,808 enables the bulls to retake control and aim for June’s top surrounding $1,880. Alternatively, failure to stay beyond the 50-SMA level surrounding $1,756 could drag gold prices towards the seven-week-old resistance-turned-support that also encompasses the 100-SMA around $1,730-28. Should the precious metal fail to bounce the key support zone, the 50% Fibonacci retracement level of its September-November upside, near the $1,700 round figure, could act as the last defense for buyers. It should be observed that the quote’s weakness past $1,700 won’t hesitate to recall $1,680 on the chart. To sum up, gold buyers are all in to refresh the monthly high.
OANDA:XAUUSD
by MTradingGlobal
#GOLD it's possible to buy#GOLD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance Why we like it: Price is trading in nearby 4hr support area Waiting for bullish candlesticks formed possible to move the next resistance area 1st support: 1683 Next Zone area & horizontal swing Low support 1st Resistance 1789 Zone area & horizontal swing high resistance
TVC:GOLDLong
by Skandhatrade