Last week has seen tremendous downfall in the global markets with the COVID-19 vaacine no where to be seen. Major markets reacted to supposedly possible "LOCKDOWN 2.0" in many other parts of the world. In India, We have seen NIFTY react and fall below 11400 & Bank Nifty make huge falls in the last few trading session. Investors weary with the major markets...
Last time we have seen a symmetric triangle ( look into related ideas) and it breaks the trend line but it din't break our levels. This time also formed a symmetric triangle and hopefully it will break with good volumes and breaks our levels. Long / Short, Enter only on breakouts
profit booking on GOLD which started on 7th of August is continuing. Weeker global cues in metal sector and a pinch of taking money of table is what we have witnessed in last 15 odd trading sessions. RSI is looking little week but nothing to worry. Basis FIB retracement the support levels are perfectly aligned to 0.38 Levels and resistance is at 0.23 levels. In...
Price formed a symmetric triangle pattern and it is about to break the triangle, enter long when breaks the level mentioned in the pic.
As per short term view, GOLD is in the last phase of corrective wave-y, which is unfolding as an impulse. Currently the price structure suggests that there is a formation of a triangle & this triangle is being formed as a wave-4. This wave-4 triangle formation often takes place as a preparation of terminal trust and after that the 5th wave of the impulse get...
Long ago a surge in GOLD price rally stopped in the year 2011 & the point has been designated as a primary wave-5 by all the elliottician. From that level we have seen a correction upto the level of 1045 $. A nice corrective move.Right from that level GOLD price raised up & currently trading in a all time new highs range. But this rally from the lows 1045$ is...
Bullish Triangle Running – A Classic Scenario for MCX Gold ------------------------------------------------------------------------------------------------------------------------------- Disclaimer ----------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy,...
Gold MCX has strong Channel Line Support As marked on the above chart and we can see buying resuming in the GOLD MCX, With the Stoploss of 50400 one should Go Long for the Targets of 52000 and 54000 on the upside. Once GOLD MCX Closes above 52500 it May Again Resume its bullish momentum.
Here we can long gold , looking xabcd chart patter.
Gold Projection based on R/S on Fib Circles
Gold looking for a strong bearish moment, quite a few of USD and CAD economic releases studded
Looks like we are in the 5th wave according to the Elliot wave theory and moreover there is a negative RSI divergence as well. Indicating weakness in the momentum!
I hope you can now see how the GC1! represents an excellent Bearish Bat low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favour. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be...
gold facing clear rejection on the above if the price didn't sustain on the zone we could expect the price to 46300 and 46800
Gold should move beyond its previous high but will most likely stay within the all time high price. This may be the one final move before it turns bearish for a long while
Need to wait and watch if gold gives upside breakout or breaks support 1680/1630 and starts downward journey
MCX:MCXGOLDEX gold strugling to move up buy above 47400 for a tgt of 47900 and on the lower side sell below 47200