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Gold Spot vs MCX Gold - Weekly Reports & TipsHere I have compared Gold Spot (CFD) with Indian MCX Gold to identify this week's trend. In the chart, there are two different support levels. Wherein support level 1860 is for gold spot, and 49260 for the MCX gold. I have used moving average and volume on Indian gold. At present, 50 MA is turning downside. If it breaks the parallel channel (PC), gold will fall for 50000 - 49860 - 49500 levels. According to this chart, gold is trying to climb upward after hitting the PC. And if it remains into the PC, we may see 51000 - 51500+ levels before the weekend.
MCX:GOLD1!
by freestocktips
XAUUSD . Weekly Technical Analysis Update for GOLDMidterm forecast: While the price is below the resistance 2075.05, beginning of downtrend is expected. We make sure when the support at 1818.00 breaks. If the resistance at 2075.05 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: While the RSI support #1 at 45 is not broken, the probability of price decrease would be too low. A peak is formed in daily chart at 1991.10 on 09/01/2020, so more losses to support(s) 1916.20, 1862.45 and minimum to Major Support (1818.00) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 49. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
FX:XAUUSD
by ForecastCity_ME
9
XAUUSD Short Trade SetupGold is favored to remain in the cycle up from 8/16/2018 lows where the daily right side is up. A pullback to correct the cycle from the 8/16/2018 wave ((2)) lows ended wave ((4)) at 1447 on 11/12/19 where the 4 hour is turning up. The metal is favored ended ended a wave B at 1593 where the hourly is turning down to correct the cycle from the 1611 highs. While below 1593 it can see another swing lower in wave (2) to correct the cycle from the 1447 lows. While above the 11/12/19 lows the metal can continue higher in wave I toward the 1700-1750 area before it corrects the cycle from the 12/12/17 lows.
SAXO:XAUUSDShort
by Forextuitions
GOLD TRADE SETUP Gold is favored to remain in the cycle up from 8/16/2018 lows where the daily right side is up. A pullback to correct the cycle from the 8/16/2018 wave ((2)) lows ended wave ((4)) at 1447 on 11/12/19 where the 4 hour is turning up. The metal is favored ended correcting the cycle lower from the 1/7/20 highs at 1611 with the bounce to the 1588 highs where the hourly is turning down. While below there it can see another swing lower in wave (2) to correct the cycle from the 1447 lows. While above the 11/12/19 lows the metal can continue higher in wave I toward the 1700-1750 area before it corrects the cycle from the 12/12/17 lows.
SAXO:XAUUSDLong
by Forextuitions
Gold | Triangle pattern Triangle pattern observed in Gold. Pattern looks to be valid and the target comes at 1477. 1438 and 1382 are the trend defining levels and so conservatively, longs can be initiate beyond 1438. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
TVC:GOLDLong
by AkhilSuryaFS
GOLD | Build Trade plan around 1382 - Short termDouble Top pattern spotted in Gold. Pattern will be confirmed IF PRICE CLOSES BELOW 1381.75. So shorts need to wait. Price would fall to 1332 as indicated by the pattern. 1382 acting as a support cannot be ruled out. Hence trades can be planned as below, 1. Long when price hit 1382 with stop below 1380 (or) 2. Short if price closes below 1381.75 with stop above 1385. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
TVC:GOLD
by AkhilSuryaFS
Gold buyers exhausted, south direction to take prices at 1323.92The shiny metal went past the 1355 level on friday and on the same day reverted back to end the day on a negative note, which indicated that the buyers ran out of steam. Today, the prices breached the immediate intra - day support of 1337.88, which further supports the bears. Moreover, on daily basis, the prices are showing divergence with the RSI indicators, extending support to the bearish outlook for gold. I think the prices will touch the 1323.92 support before we can see any upwards movement in XAUUSD. on reaching this level RSI would also be at support of 60. If the prices break further below this level, next target will be at 1310.16.
FX_IDC:XAUUSDShort
by forexnoobmaster007