GOLD has been trending down in the past few months, price still looks weak. It has made a parallel channel on the downtrend. It's forming a reversal at the bottom trendline as of March 2021. We may see some good buying momentum if price takes support in the following area.
Buy MCX Gold at 14,944.43 SL at 14,844.89 and hold it till 15,293.51 Risk to reward: 1:3.5, From 15,293 it will drop till 14,750.17
Trading Signal: A Trading Signal is seen in Gold XAUUSD If you liked our ideas, please support us with your likes 👍 and comments.
one can long Gold as per their trade setup for swing trade if find reversal from these harmonic patterns PRZ. ******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
Why am I so confident of 1670-90 zone.., the same zone gave support 5 times earlier and it is the 6th visit to same zone.., It is the zone from where 400 dollar or 25 percent upside rally started.., And it is the zone of inverted head and shoulder breakout,, Expected Road map - 1680-1758 - 1698 - 1815- 1768 - 1868 (channel top) Buy the dips and keep...
GOLD: should maintain the level of 1600 & regain the level of 1750 . Losing 1600 will raise concern & the prices may continue falling. However the internal structure suggests that it should give a push on upside. Buy only Above 1750 closing basis with SL of 1600.
Please do your own analysis before trading or investing.
looks like from here on bullish gold this view invalid below todays low.....targets shown in chart
Currently at a do or die level.., monthly closure below 1750 can cause neck line breakdown and further fall upto 1680.., any break below 1680 can take it upto 1500.., till then.., till 1750 is broken buy the dips a good bounce anytime possible..,
HELLO FRIENDS, HERE IS GOLD TRADE SET UP AS PER HARMONIC PATTERN GOLD BUY NEAR 46500 TO 47000 LEVEL WITH SL OF 46985 FOR THE TGT OF 50,000/- HAPPY TRADING FRIENDS
It looks that price further come into their previous flat trend and now here more possibilities arises to touch first support level ~46350 in upcoming 2-3 days...
If it break upper green take Long !! If it break lower red take Bearish !! ------------------------------------------- My Oppinion is Gold May be !! Break Lower Red and move down side. World Stock Markets r Bullish for long Term !!
Sine Line Suggesting Gold Is Making Bottom. 44650 Is Major Support.
price is at crucial horizontal support which is also the base of the triangle pattern. breakout is expected.
Buy gold above 49,500 level. Possible target 50,450. Feel Free To Ask For Any Technical/Fundamental Query Comment Down Below Educational Purpose Only.