Goldindia — Trading Ideas on TradingView

GOLD 03/09: TIME TO SELL, WHERE TO BUY TODAY?1. Overall Analysis Elliott Wave: Wave (5) seems to have completed, signalling a possible distribution phase. The market is likely moving into an ABC corrective structure, with Wave A expected to retrace to key Fibonacci levels before a Wave B rebound. Smart Money Concept (SMC): The Break of Structure (BOS) is confirmed. There’s a Fair Value Gap (FVG) around the 3,500 level, which price may revisit to fill. The CP Order Buy Zone near 3,485 indicates a strong liquidity area for potential medium- to long-term buying opportunities. 2. SELL Plan SELL Zone: 3,550 – 3,552 Stop Loss (SL): 3,558 Take Profit (TP): TP1: 3,526 (Fib 0.266 – short-term target) TP2: 3,517 (Fib 0.382 – first support level) TP3: 3,508 – 3,506 (BUY SCALP/FVG zone) Logic: Price has completed Wave 5, forming a distribution zone. Smart Money may sweep liquidity around 3,550 before pushing the price down to test the FVG levels. 3. BUY SCALP Plan BUY Zone: 3,508 – 3,506 (aligning with the FVG) Stop Loss (SL): 3,499 Take Profit (TP): TP1: 3,526 (Fib 0.266 retracement) TP2: 3,540 (previous reaction level) Logic: This zone lines up with an unfilled FVG and the 0.5–0.618 retracement levels of the last leg. If price holds its bullish structure here, Wave B could stage a strong rebound. 4. Medium-Term BUY Zone CP Order Buy Zone: Around 3,485 Logic: This area acts as a major liquidity pool, often targeted by Smart Money. If price breaks below 3,506, this level could be the next key spot for medium-term accumulation, with an eye on a Wave C move back toward 3,550+. 5. Main Scenarios Primary Setup: Look for a SELL entry at 3,550 – 3,552 with SL at 3,558, and scale out profits at support levels. Watch for a BUY SCALP setup in the 3,508 – 3,506 range if bullish confirmation appears. Alternate Setup: If price dips below 3,506 and keeps falling, wait for confirmation at 3,485 to build a medium-term long position. 6. Risk Management Always place tight stop-losses for each setup. For SELL trades: lower your position size during high-impact news events. For BUY SCALP trades: only enter after confirmation signals, such as a pin bar, engulfing candle, or a minor structure break on the M5/M15 charts.

XAUUSD – Market Stays Flat Despite Trump’s Super Bill XAUUSD – Market Stays Flat Despite Trump’s Super Bill, Is Gold Quietly Building Momentum? Gold has entered a narrow consolidation phase after a series of strong macroeconomic catalysts — including the passing of Trump’s Super Bill by the U.S. House of Representatives. But instead of rallying immediately, gold remains flat... and that silence could be louder than it seems. 📰 Macro Recap – Good for USD, Bad for Gold? The approved Super Bill may weaken the U.S. dollar in the medium term due to rising fiscal deficits. But for now, the market is skeptical, and gold is not reacting as expected. Meanwhile, the NFP and Unemployment Rate (UR) data came in surprisingly strong last night, reinforcing the possibility that Fed rate cuts may be delayed → A short-term bearish pressure on gold. With the U.S. Independence Day holiday, market liquidity will likely remain low today, increasing the risk of fake breakouts or stop-hunting volatility. ❗ “No immediate rally doesn’t mean no rally at all.” A retracement to the 3.2xx zone could offer an ideal entry for medium-term longs. 📉 Technical Outlook – XAUUSD Price has broken above the recent short-term downtrend line and is now testing a critical supply zone around 3344–3345, which may determine today’s intraday direction. 🔍 Key Levels Major Resistance: 3345 – 3362 – 3374 – 3388 – 3390 Major Support: 3330 – 3312 – 3304 – 3302 – 3298 🟢 Bullish Strategies (Buy Setups) 🔹 BUY Scalp Zone: 3313 – 3311 SL: 3307 TP: 3316 – 3320 – 3325 – 3330 – 3335 – 3340 – 3345 – 3350 🔹 Deep BUY Zone: 3304 – 3302 SL: 3298 TP: 3308 – 3312 – 3316 – 3320 – 3330 – 3340 These zones align with EMA confluence and potential FVG retracements – a solid setup for trend continuation. 🔴 Bearish Strategies (Short-Term Only) 🔹 SELL Scalp Zone: 3362 – 3364 SL: 3368 TP: 3358 – 3354 – 3350 – 3346 – 3340 – 3335 – 3330 🔹 Upper SELL Zone: 3388 – 3390 SL: 3394 TP: 3384 – 3380 – 3376 – 3370 – 3365 – 3360 Consider shorting only with confirmation patterns or bearish signals from lower timeframes. 🧠 Market Sentiment Today The market seems to be in a wait-and-see mode, consolidating between 3320 – 3340 as traders digest recent macro data. A breakout is likely after the U.S. holiday ends. Primary Scenario: Look to BUY on deeper pullbacks into support zones. Alternate Scenario: SELL only for intraday scalps when price rejects key resistance. 💬 What’s Your Take? Is gold silently accumulating strength for a breakout above 3390? Or are we about to witness a deeper correction in the coming sessions? 👇 Share your thoughts in the comments and let's discuss it together!

GOLD AT 60,000 , WHATS NEXT ??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 if price breakdown and close below 60200 - 60,000 What to do - after the break and close of 60,000 short trade can enter with quick targets as this could be pullback on major time frame where as those willing to go long will need to wait for specific levels consider 58250-58000 zone as a value buying zone this can be tracked based on price shifting the stucture from lower low and lower high towards higher high to higher low as Long Indication

Long MCX SILVER SILVER was trading under the Resistance trendline since mid May (shown in black in chart), but today it gave a breakthrough opening in the morning on MCX. If it closes above 63800, then we can make a long position in current contract for a major profit. LOGN SILVER @ 64800. Silver has a major resistance at ₹ 65800, if it gives a closing above this level, then we can expect an upper movement of 5000-6000 in silver.

gold mcx 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 mcx MCX:MCXGOLDEX gold strugling to move up buy above 47400 for a tgt of 47900 and on the lower side sell below 47200

Nifty : A Comparison with Gold Hey Guys, How's your Saturday panning out ?! Today we are going to do an analysis which is different from our usual style. Actually we are gonna take Xauusd & Nifty for comparing the market dynamics & to realized how they work in sync. I had this in back of my mind for a while but cudn't post due to other works, so Now its the time. Take a look at Nifty what you guys see ? The descending triangle which broke to downside. Now Look at the Gold chart, what does it say ?? Similar descending triangle broke to downside retested triangle base and moved back further down breaking initial lows of triangle breakout. Now, take a look at Nifty again, as Gold did it made the initial low and retested triangle and currently moving further down, yet to break low of initial triangle breakout Its purely My opinion more than that, a speculation, yes lets call it as speculation. As Gold formed similar pattern we are expecting similar movement in Nifty also as it has repeated 70% of same movements. We can't take trade decisions based on this, but it can be valuable addition to expand our knowledge about Market Dynamics. I have another educated guess on Monthly chart too which I have attached, so you can get Eagle's Eye view, not just birds. In that monthly Nifty chart again another Market dynamics you can notice clearly which is marked in Grey rectangles, we had previously failed double top which retraces in half-way to bullish, so now also can we expect the same in Nifty ? Moreover if we need any additional factors seek out for newsevents. You guys know, I never analyze on news events but we can speculate. So with Trump winning & uncertain things about his policies, our very own Inflation & Indian markets dependency on Fed interest rate event - it appears like we have dark days ahead. Purely Speculation, so it may or may not happen.