1. Major Support - 46870.
Resistance - 50000, 52500, 56000.
2. Past Trend - Up. In correction since last one year and has successfully broken last one year old trend line.
3. Strength - Is showing strength in up and is likely to break 50000.
4. Future trend - Break of 50000 and up trend continuation to 56000.
5. Trade Setups -
a. Buy - above...
From 1150 level back in August 2018, Gold rallied up to 2075 highs in August 2020. After that peak it corrected to 1860 in March 2021. 1860 became the short term bottom for the price as price found support there twice in March. Later in August and September price found support twice in the 1730 zone as marked on the chart. The bullish flag pattern would remain...
Gold is giving buy opportunity around 47700
Gold has touched a low of ₹ 47584 today, if it sustained above 47750 then go for long with stop loss of today's low.
Target around 48250-48400 can be seen very soon.
Gold on MCX is very bullish this month. Since October 1st, Gold rallied from ₹ 45800 to ₹ 47800 today on MCX. Gold has a major support at 47850. Currently Gold is trading around 47800
If you are a trader then you can have a short term short call in Gold, target can be seen upto ₹ 47400. Make a strict stop loss of ₹ 47880
Gold has possibly completed its complex correction in wave II and now it looks like wave III is unfolding, today it has given breakout from the down sloping resistance trendline, along with macd positive crossover and uptick in daily time frame, other indicators are also giving positive signs of uptrend at breakout point, as wave III unfolds, gold can possibly...
There is a Trading Signal to Sell in Gold XAUUSD
Traders can open their Sell Trades NOW
Rank : ⭐️
⬇️Sell now or Sell on 1769.56
⭕️SL & Buy 1783.46 ( Buy Target 1818.50 )
🔵TP1 @ 1715.61
🔵TP2 @ 1686.15
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MCX gold has started falling since 1st June, and it's moving under a parallel channel. But this time, it can break out this channel. Why? I will explain it through Elliott wave projection in the next update.
In the last trading session, it made a Doji candlestick. And that's a sign of trend change. If gold does not break the crucial level, then it can drop up...
As I said last weeks since March 21..after 4 months in which all my analyzes about GOLD were almost perfect,
...exactly as we expected ... GOLD rejected from the Fibonacci zone o.5 and reached the zone 1794 as I said!
in this area I will wait for an extended range and I will enter the trade only at a close for at least 1 day over 1793 or below 1760
After retracing 61.8% of recent rise or we can say wave I,
Gold has given a positive daily close in yesterday's trading session, it looks like corrective wave II is completed and now wave III can possibly unfold, we also noticed that since april 2020 gold is responding nicely as support and resistance at these areas of $1740 to $1760 price zones, at this time...
XAUUSD/GOLD LOOKS BEARISH SELL AFTER RETEST THE RESISTANCE .
Just now gold give breakout on downside wait for pullback
then if big bearish ( red ) candle appear near resistance then go for sell side .
SELL GOLD AROUND 1760 - 1762
STRICT SL - 1786
TARGET 1 - 1755
TARGET 2 - 1750
TARGET 3 - 1745
this information is for only education purpose.
XAUUSD LOOKS STRONG BEARISH IT MAY CONTINUE DOWNTREND
Gold looks weak today if price rejects on resistance of 20 ema 50 ema or 200 ema
then go for
SELL SIDE WITH STRICT SL - 1785.58
TARGET 1 - 1746
TARGET 2 - 1725
TARGET 3 - 1705