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Gold is known as a hedge against Inflation and currency devaluation. It is following the Time Cycle very well as u can see in this chart. Accumulating gold at current levels and on dips a can be a good strategy to ride the trend towards 70000 levels as long as 62000(cycle low) is held on the downside.
Short Recap - Gold had good rally from 6th oct , to the upside from 56500 to 61250 Currently - price is hovering around the higher time frame bearish order block which is resulting a resistance phase to gold price from (61500 to 60500 zone) there is been a internal CHOC (trend change) from bullish to bearish although the bearish continous will be confirmed...
GOLD FUTURES (MCX) continued to decline from the 59900 lvl and has broken the mtf support of 58135 with a gap down price then retested the support, (as the support breaks it will act as resistance now) similarly we seen a rejection and price coming back to day low further if the day low is taken out, we can project the price heading towards its higher time...
MCX:GOLD1! gold is in parallel channel at the top level support area which was previously a resistance zone, this support zone+ parallel channel breakout can send gold on new all time high or retest the new high level once again.
Trend Until May 2023 - In the short term, Gold may fall to 58,800 or 57,950 levels. Future Trend - In the long run, post-May' 23, Gold is expected to consolidate, and once again breakout above the previous highs. It can reach 63,000 to 64,000 levels. Technicals - The leading indicator RSI is trailing above 60 in Daily, Weekly, and Monthly charts, and...
OANDA:XAUUSD XAUUSD gold is at good resistance and it is in up trend, if it is breaks the level and sustains or retest we can go for buy side.
up side resistens rejecton and sell confirmetion sell oder oky
Gold Future trading at consolidation range Already double bottom and recovery from there... GOLD Future BUY above 50538 once the trend line breakout go long in Gold Future .
MCX:GOLD1! A rangebound consolidation has been seen on the chart patterns of Gold Futures. A slight uptrend is visible from current levels. A rally of around Rs.1000 is possible in short term which will make gold hit 52k levels.
I'm looking for Buy to sell setup in Gold, the manipulation candle along with equal low suggesting me that BUYING is possible..Look for Lower time frame break of structures before taking trades
Hello, gold futures analysis on 2hr chart buy: 52,000 target: 53,200 stoploss: 51,750. LOGIC BEHIND TRADE : Gold futures has formed W pattern on 2hr chart & given breakout of resistance, buying on pull back is strategy RR is good in trade (target identified from harmonic xabcd pattern level 0.886) stoploss is taken low of resistance candle. MCX:GOLD1!
Directional Bias: Bullish Pattern Type: Continuation Pattern Description: This pattern occurs within the context of a longer uptrend and is characterized by the price forming a u-shaped cup with a short handle on the right. The duration of the cup should last at least 7 weeks if using a daily chart. Volume Description: Volume will typically follow the shape of the...
GOLD was in down trend by BAT pattern expecting a fall and if gold goes down nifty goes up so expecting nifty to get up trend
Gold is about to give a break out and move atleast 220 points. I'm Bearish about gold. comment what u think
In the monthly time frame, gold gives a clear pattern rounding bottom, which is a big bullish pattern for a far long target. It has given breakout and retested the breakout level. Now it is amazing to see the bullish move from here. We can also see the bullish move from 1800 or some below the level in the weekly time frame. If this happens we can expect the first...
GOLD FINAL WORD: Buy Gold - Closing Price - 1877 $ SL - 1670 $ (Monthly Closing Basis) Target - 2800 $ (Time Frame - 2 Years) If SL Triggers Next Buying For Gold Will Be 1400-1450 $ SL - 1040 (Monthly Closing Basis) Target - 2000 $ / 2800 $