Get started

Gold

Gold buyers need $1,880 breakout for confirmationGold buyers struggle with an 11-month-old horizontal resistance, despite crossing an upward-sloping resistance line stretched from early October 2022. The upside momentum also finds hindrances from the nearly overbought RSI line. However, a looming golden cross, a condition when 50-DMA pierces the 200-DMA from above, joins the metal’s sustained trading above the previous key hurdles to keep XAUUSD bulls hopeful of crossing the $1,880 hurdle. Following that, the May 2022 peak of $1,910 and the late April high surrounding $1,920 could challenge the quote’s upside before directing March 26, 2022 top close to $1,967. In a case where the prices remain firmer past $1,967, highs marked during April and March of the last year, near $1,999 and $2,070 respectively, should lure the bullion buyers. Alternatively, pullback moves remain less harmful to the upward trajectory unless staying beyond the previous resistance line from October, close to $1,865. On breaking the $1,865 support, Gold sellers could aim for the 50% Fibonacci retracement level of the March-September 2022 downturn, around $1,842, which will precede the March 2022 top of $1,808 to limit the short-term downside of the metal. It’s worth noting, however, that the convergence of the 50-DMA and the 200-DMA around the $1,775-70 zone appears a tough nut to crack for the bears afterward before retaking control. Overall, Gold buyers appear to run out of steam but the bears have a long way to go before acquiring the driver’s seat.
OANDA:XAUUSD
by MTradingGlobal
Cup & Handle Pattern In GOLD. Breakout can give 10000+ rally!!!Gold Future indicating the cup and Handle Technical Pattern. According to the pattern if this gives breakout of 56200 level then expected next target upto 67150+ in long term. This pattern will fail if gold started trading below 52900. Can see gold as a good investment opportunity in this downtrend global market session. Disclaimer: This is my personal view on the GOLD. Consider this post as an education purpose only and not any type of recommendation. Consult your financial advisor before taking any investment decision.
MCX:GOLD1!Long
by TradZoo
Nifty Buying at Demand areaAggressive entry model because we will enter without confirmation. pros: Small Stop loss and High reward Cons: Does not need to respect the demand area and it may break it Managing the trade: If the trade goes in our way *Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost *Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL. *Exit remaining with trailing Stop loss. *SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY. *NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES ***If you like my analysis let me know by giving boost or a comment. I will be updating.
NSE:NIFTYLong
by Mo-Kri
Gold braces for bullish end of 2022Gold portrays the second consecutive monthly gain as it flirts with the $1,800 threshold in the last few days. Although the 50-week and 100-week moving averages have clutched the bulls of late, the price-positive signals from RSI and MACD join the mid-November’s clear breakout of the previous key resistance line from early March to suggest the metal’s further upside. Also adding strength to the bullish bias could be the quote’s rebound from the 50% Fibonacci retracement of the 2018-20 upside move. That said, an ascending trend line from early October, close to $1,850 by the press time, appears the key hurdle for the metal to cross to bolster the upside hopes. Following that, the mid-2022 peak surrounding $1,880 and the $1,900 round figure will be in focus. In a case where the bullion prices remain firmer past $1,900, the $2,000 psychological magnet and the yearly high near $2,075 should lure the buyers. Meanwhile, pullback moves may initially aim for the 38.2% Fibonacci retracement level of $1,727 before ruling out the bullish bias by poking the yearly low marked in November, around $1,614. It’s worth noting that the resistance-turned-support line from March, close to $1,570, acts as the last defense of the bulls before giving control to the Gold sellers who could recall the year 2020 bottom surrounding $1,450 on the chart. Overall, Gold is likely to end 2022 on a firmer footing that can offer a positive 2023 after two consecutive yearly losses, namely in 2021 and 2022.
OANDA:XAUUSD
by MTradingGlobal
Gold $ International Chart (Bird View)Analysis On 14th December 2022 This is a Bird View so Possible Movement of Gold in a Daily TF for a Medium-term view. >Wave Counts - Recently, Gold has just reached to Depth of Correction point in Minute Cycle of Wave Count , while in an Intermediate Cycle, it seems like Wave C is still on. Furthermore, Last month's upward journey is still not break 50% (Healthy Retracement) of retracement compared to top of B wave (Intermediate Cycle). (Bearish) Divergences - There is multiple divergences, we can see in above chart, 1. Bearish Continuous Divergence between 2nd wave and C wave within the C wave (Intermediate Cycle). (Bearish) 2. Bearish Reversal Divergence in Wave C (Minute Cycle), Where some sort of Upward Triangle Chart Pattern Has Formed. (Bearish) After all, I expect one more downside leg which is 5th wave in Minor Cycle, till Depth of Correction in Intermediate cycle of 4th Wave (1451.41 $) Have a Good Day!!
TVC:GOLDShort
by KRSCharts
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
4