GOLD1! Short TermGold has corrected well from the recent highs and if it sustains above 54850 levels then take the trade with the following targets
T1 - 54997
T2 - 55143
T3 - 55299
with SL - 54690
Goldlong
GOLD LONG $2050 and beyondStrong buying in GOLD since the last 24 hours. Go Long until target $2050.
Sentiment broken at $2000 for GOLD. This brings us to GOLD at a all time high.
Global economy looks bleak. Hedge away!
Long Term BULLISH GOLD GOLD has broken 2000$ barrier. GOLD IS on BULL RUN.
Gold demand is increasing as a safe bet to ride out the pandemic.
Is a correction in Gold imminent?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!
Bullish XAUUSD, Weekly analysis, July 27-31Hi traders,
Hope you all trading well in the unstoppable bulls in XAUUSD,
As the trade quote say, 'Go with the trend' this week also looks like bullish trend continues, more than technical this pair operates strongly with fundamentals, A weaker USD moves the Gold higher and higher, Dollar index also expected with some support, hope it respects,
According to XAUUSD price action analysis, this week i present the analysis with Weekly chart,
Analysis also done with Monthly chart, A strong resistance line passing through in the price of 1936 right from 2011 . perhaps if it get breaks price action indicates 1972 would be the bulls will get tired.. let see.
However Gold is going to see its new high price this week..
If anybody request , i can share the Monthly analysis chart ..
Note - Price action analysis done is only for education purpose, not the final result of how price moves..
Thank you
All that glitters is pure Gold!Gold gives a fresh breakout
CMP 1762
Target 1810, 1860, 1890
Stoploss 1734 dclbs
Timeframe 30 trading sessions
Ultra cheap Gold buying opportunity as we can see the gold is totally overbought right now,
as the stock market crash gold will also crash with it in a short term into 1300 usd
and then the next bull run will start that will lead 3200 top
as per my research.
its a nice idea to have some gold in your portfolio in this pandemic
Gold - Go longGold has broken it channel and gave close above channel. Its seem bullish. This week trend is strong bull.
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
GOLD MCX MINI JUNE 2020 PREDICTIONGold MCX is Trading in Rising Wedge Technical Pattern as marked on the Chart above. Support zone For the Gold Seen at 46300- 46150 Which is the decisive levels. On the Upside Resistance is Capped at 48400, The Wedge Formation Resistance, We Suggest to Go Long on GOLD MINI for the Targets of 48400 and 49000 Place stoploss below the support Zone which comes out to be 46100-46000 (Place Stop Loss As per closing Basis) Means there should be daily closing below 46000 Levels
gold price analysisSince March 17, gold has been in a process of market manipulation, leaving us with good entry areas and key signals. As of May 18, 2020, Elliot's impulse wave formation begins with beautiful harmonic patterns and after finishing the cycle of (1-2-3-4-5) with good results, the wave process started corrective (Corrective point "A" exceeds "level" 4 "of the" impulse wave "), in theory, the movement of the corrective point" B "should reach the level of the elliot impulse wave" 3 "(support) and therefore the expected input will be between the fibonacci area 0.5 (marked from the beginning of the corrective wave to point "A") and the support point formed by elliot "3". * RSI should continue to show convergences With the price, the volume of contracts traded must be higher than the "3-4-5-A" point, * There MUST be price zone rejections directed against the uptrend (with two rejection candles within range of the zone ) if these criteria are met, we will say that having a safe contribution with profit taking will be a fibonacci level of
GOLD Trading IdeaOne could argue is that the period could be of distribution, but I think that gold is Bullish in the long term. As I have shared in previous chart, so this looks like another accumulation to me.
GOLD Triangle formationGOLD
Gold has crossed the major psychological level which is 1600.00
And currently trading at 1620.00 level
It has broke the triangle formation and reached the top side level of 1620.00
We can expect short term fall back towards 1606.00 level
From this level suitable long position may open at 1606.00
Take profit will be 1628.00
Stop lose may placed below 1597.00
Leave your valuable comments below
GOLD Long Term Technical AnalysisAll levels on the chart.
1. Range breaking out after 6 years is significant.
2. Even if the price comes down, there would very difficult for it go below this range due to heavy accumulation over this period.
Channel or trend lines, working well for Gold.Gold which was trading at the lower support zone of a long term channel, has closed at nine days high. After this consolidation, it may trade at higher levels in coming days.
Momentum is also looking strong, indicating a upward price moment.
Beyond technical analysis, the fed rate cut and mixed commentary thereafter can be termed as supportive to a price rise only, the revised tensions between US n China, disputes with Iran, tensions in UAE, ECB rate cut, China slowdown etc. are all the factors that may push the prices of yellow metal higher after the recent consolidation.
Gold | Triangle pattern Triangle pattern observed in Gold. Pattern looks to be valid and the target comes at 1477.
1438 and 1382 are the trend defining levels and so conservatively, longs can be initiate beyond 1438.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
Gold : Buy or SellGold if holding 1345 levels, then can see 1360/-++ levels in near terms, Risk Reward Ratio will be in favor, keeping stop loss below 1345 for upside target.
