Follow the instruction in the chart given. Note: For educational purpose only
On Weekly Basis: GOLD took a support at 1640 (inverted head) on weekly charts (October, 2022) after it made a peak at 2035 (August, 2020) and correcting nearly 50%. It tried to pierce the daily top of 2070 twice after peaking in August,2020. It means it made a triple top which could mean a bear market for GOLD instead it made an inverted head at 1640 and shoulder...
After creating a new high, gold made a fakeout and went down to around 2460, today traders will spend time on observing a slight decline and expect to buy again. Today we expect Buy in the zone 2433-2440 BUY XAUUSD 2434 - 2440 SL 2433 TP 2460 Happy trading!
gold will have correction today after going up. So we will wait until to buy with a strategy signal: BUY XAUUSD 2378-2385 TP 2398 SL 2377
XUAUSD Long side trade. high probable trade. if sl than reentry at same price. Must use Sl for future more trades
Gold rose near $2,375 per ounce on Thursday, rising for the third straight session, as investors await US CPI data due later today to seek cues on the Federal Reserve's timing and depth of interest rate cuts. The annual CPI inflation is expected to ease from 3.3% to 3.1% in June, while the core CPI is anticipated to remain unchanged at 3.4%. 🔝🔝 Deekop's research...
Today with the current price at 2370 then I lean towards a bullish trend on 10th July. My plan entry is that: Sell 2387-2394 Sl 2396 TP. 2370
When we evaluate the NIFTY 50 in relation to gold, the picture becomes less rosy. The NIFTY 50 hit its relative peak around March 24, after which gold has been consistently outperforming it. Adding to the concern, a death cross formed in mid-April, and on July 5th, NIFTY 50 broke down below the 30-day simple moving average (SMA). This begs the question: Is NIFTY...
Timeframe: 4 HRS As per Elliott in 5 wave on 4HR time frame As per Non farm payroll data lower numbers to be expected which should be bullish for Gold
Falling wedge breakout happened in Gold Futures. Suitable for short term gain with 1:2 Risk Reward ratio.
Gold fell to around $2,325 per ounce on Tuesday as investors await this week’s US economic reports for clarity on the Federal Reserve’s timeline for interest rate cuts. Key focal points include the core PCE index data, the Fed’s preferred inflation measure, alongside consumer spending and income, the third estimate for Q1 GDP growth, and the goods trade balance....
Gold has always been a valuable asset, serving as a safe haven in times of economic uncertainty. Investing in gold requires a strategic approach, especially in a market characterized by volatility. Here, we outline a detailed investment plan focusing on two distinct buy zones, each with its own parameters for entry and risk management. Buy Zone 1: $2312 - $2307 ...
Going good till now , T1 hit , and there is no sign of bearishness, Let it clear the order block , i am not exiting positions over here I’ll decide after the behaviour of the market at the order block
MONTHLY TF: WEEKLY TF: DAILY TF: Overview & Observation: 1. Higher time frame gold is in a bullish trend. 2. Prices failed to form lower low showing strength in buying, confirmation still pending. 3. Channel breakout will be expected to get the confirmation on the long side. 4. Currently trading in a demand zone. Untill that is broken bullish view will...
Good Morning Traders, Till the time gold is moving above 2325 we can see more up levels 2335 22340 and 2345. If Gold will break 2325 and sustain below then only we can see 2310 2302 and 2298 Our preference is sell from high Plan accordingly, Happy Trading 😉
BUY GOLD 10 JUNE its showing a good upward momentum with strong double confermation it will go up first one technically showing a strong trendline faceing secondly its faceing a stong support volumes are also down its a good one for buy BUY GOLD 10 JUNE its showing a good upward momentum with strong double confermation it will go up first one technically...
Good Morning Traders, Till the time gold is moving above 2315 we can see more up levels 2330 22335 and 2345. If Gold will break 2315 and sustain below then only we can see 2310 2302 and 2290 Our preference is buy from Dip and sell from top Plan accordingly, Happy Trading 😉