GOLD has broken 2000$ barrier. GOLD IS on BULL RUN. Gold demand is increasing as a safe bet to ride out the pandemic.
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!
Hi 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...
Gold gives a fresh breakout CMP 1762 Target 1810, 1860, 1890 Stoploss 1734 dclbs Timeframe 30 trading sessions
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 has broken it channel and gave close above channel. Its seem bullish. This week trend is strong bull.
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 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...
Since 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...
GOLD is expected to reach $1800/oz in couple of months
One 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 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...
All 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.
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....
Gold 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.