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Goldlong

GOLD MCX EDUCATIONAL IDEAGold mcx Descending parallel channel pattern breakout along with good intensity of volume, along with rsi breakout and directing towards north. Just to learn or educational purpose One can go long at breakout with stop loss of breakout candle's low which is pegged at 46854 for targets of 47569, 48111, 48808, and 49558. This is just a learning purpose idea. Disclaimer I am not sebi registered analyst My studies are for educational purpose only Consult your financial advisor before trading or investing
MCX:GOLD1!
by RK_Chaarts
5
GOLD MCXGold has possibly completed its complex correction in wave II and now it looks like wave III is unfolding, today it has given breakout from the down sloping resistance trendline, along with macd positive crossover and uptick in daily time frame, other indicators are also giving positive signs of uptrend at breakout point, as wave III unfolds, gold can possibly rise higher towards 52000 and more, one can go long at these levels or in dips ( if any ) with key levels mentioned on chart. wave struchture could be like this key levels are mentioned on chart macd in weekly macd in daily ready to bbc rsi in daily uptick and ready to cross above 60 levels dmi adx positive ungali Disclaimer I am not sebi registered analyst My studies are for educational purpose only Consult your financial advisor before trading or investing
MCX:GOLD1!
by RK_Chaarts
GOLDAfter retracing 61.8% of recent rise or we can say wave I, Gold has given a positive daily close in yesterday's trading session, it looks like corrective wave II is completed and now wave III can possibly unfold, we also noticed that since april 2020 gold is responding nicely as support and resistance at these areas of $1740 to $1760 price zones, at this time both things are combined at same location ( recent retracement 61.8% at price responding zone ), as wave III unfolds we can see prices at new higher highs then previous highs, any indicator turning bullish will surely make boost in prices, one can go long with stoploss of $1740, on higher side in the near term , the 50ema and 100ema in daily time frame, which are currently pegged at $1793 and $1799 respective are immediate resistance levels to watch out for. once gold breaks and sustains above the key daily emas, the bulls shall take charge in there hands and more boost in prices can be seen. on the way down, the swing low of $1743 will be a crucial support level to watch out for in the near term. Prices are at major responsed area ( support & resistance zone ) Price retraced near 0.618% of recent high key levels are mentioned on chart along with stoploss & targets wave structure could be like this Disclaimer I am not sebi registered analyst My studies are for educational purpose only Consult your financial advisor before trading or investing
GLong
by RK_Chaarts
💡Don't miss the great buy opportunity in XAUUSDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1784). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XAUUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 56. Take Profits: TP1= @ 1800 TP2= @ 1808 TP3= @ 1818 TP4= @ 1831 TP5= @ 1843 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
FX:XAUUSDLong
by ForecastCity_ME
4
GOLDGold has given a positive breakout with good intensity of volume, all key levels are mentioned on chart, one can go long at current levels or in dips (if any) with stoploss of 1803.75 key levels are mentioned on chart intensity of volume is good at breakout candle macd in daily time frame macd in hourly macd in 30 minutes dmi and adx positive ungali in 30 min rsi in hourly uptick rsi in 30 min above 60 and uptick bollinger band challenged in 30 min time frame Disclaimer I am not sebi registered analyst My studies are for educational purpose only Consult your financial advisor before trading or investing
TVC:GOLDLong
by RK_Chaarts
💡GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast: While the price is above the support of 1744.50, a resumption of an uptrend is expected. We make sure when the resistance at 1916.50 breaks. If the support at 1744.50 is broken, the short-term forecast -resumption of uptrend- will be invalid. We will close our open trades if the Midterm level 1744.50 is broken. Technical analysis: A trough is formed in the daily chart at 1750.55 on 06/29/2021, so more gains to resistance(s) 1828.25, 1848.50, 1875.15, and maximum to Major Resistance (1916.50) is expected. Price is above WEMA21; if a price drops more, this line can act as dynamic support against more losses. The relative strength index ( RSI ) is 50. Take Profits: TP1=1762.55 TP2=1828.25 TP3=1875.15 TP4=1959.30 TP5=2075. 05 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
FX:XAUUSDLong
by ForecastCity_ME
6
#Gold ( Good time to invest in Gold ) #Gold is showing same pattern as observed in 2005 ready for breakout for the target of $4000-4500-5000 in 4-6Year . It's a good time to invest in gold . Gold is expected to form its base above $1730 in july 2021 as its has also formed base in july 2005 so same is expected to happen this time also according to pattern on the chart . Gold should not give monthly or bi-weekly closing below $1730 because this will violate the pattern running rn on the chart . I goes below $1730 then gold may be dead heavy bloodbath can be seen tho this is not expected in the gold market till big event . Keep $1730 as a important level and buy for heavy profits in coming future !
GLong
by palkeshjain06
💡GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast: While the price is above the support of 1744.50, a resumption of an uptrend is expected. We make sure when the resistance at 1916.50 breaks. If the support at 1744.50 is broken, the short-term forecast -resumption of uptrend- will be invalid. We will close our open trades if the Midterm level 1744.50 is broken. Technical analysis: A peak is formed in the daily chart at 1916.50 on 06/ 01 /2021, so more losses to support(s) 1762.55 and minimum to Major Support (1744.50) are expected. Price is below WEMA21; if the price rises more, this line can act as dynamic resistance against more gains. The relative strength index ( RSI ) is 35. Take Profits: TP1=1762.55 TP2=1828.25 TP3=1875.15 TP4=1959.30 TP5=2075. 05 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
FX:XAUUSDLong
by ForecastCity_ME
4