GOLD Daily Chart
$1810 was the Major reversal expected level we seen with NFP this Month and closing was $1828 and since the war attacks started its 1828 to 2008 Continuously with no retest no reversal or Technical move only Bullish
Next Targets as Follows $2021-2048-2081
if you get retest buy on Dips
Stay with Trend
Currency Pair: XAUUSD ( GOLD )
Time Frame: 1 DAILY TF
Analysis Summary: 📝
As per the 1-day timeframe (1D) for Gold spot, it indicates an uptrend. The Relative Strength Index (RSI) stands at 62.63, supporting the notion of an uptrend. The day's trading range for XAU/USD is between 1964.41 and 1981.64. The moving average suggests a strong buy signal. However, it's...
Weekly Technical Analysis of Gold MCX Futures : -
As discuss in the previous week's Technical analysis,
Gold is following a strong bullish price action, with good volume followed by breakout on daily chart.
In last week our first 2 positional targets achieved. We are still into a bullish territory over the charts for gold.
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after upmove price is making side ways it can be continous for next up move
there is a level 58450-60 around for buyers liquidity might retest this
or else 59450 can trade breakout for the target of 60600
Gold price (XAU/USD) witnessed an intraday turnaround from the $1,885 region, or over a two-week high and settled near the lower end of its daily range on Thursday. Consumer prices in the United States (US) rose more than expected in September and lifted expectations that the Federal Reserve (Fed) will keep interest rates higher for longer. This led to the sharp...
MAJOR TECHNICAL LEVEL
R1 : 1873.47 | R2 : 1875.09 | R3 : 1878.05
S1 : 1864.31 | S2 : 1865.93 | S3 : 1868.89
CANDLESTICK FORMATION
Inverted hammer candle formation in intraday time frame. There are major technical indicators show strong buy zone in hourly, daily and weekly time frame.
The Marked area's are major support and resistance level for Banknifty Intraday, also called PAM Areas.
When price come to these area we can expect either reversal or breakout from the given area's.
So planning a good trade will occur only in the marked areas, when price is in middle, we have to wait for the price comes to the marked PAM Areas
Gold is Bullish in Daily TF as it's tapped on it's daily time frame and it's giving reaction so we can expect a bullish trend from here. If it closes below it's daily structure level then we can expect huge downfall in gold.
-Per last week's move, we can see the price is in respect to the deemand zone and try to test the supply zone
-Before reaching the supply zone, it should test the near deemand zone, which is 1913-1910
-Then expect to reach the supply zone, which is 1937-1937
And a minor retrace for a healthy upside.
-The recent low is near 1901-1899 to break down the price....
Gold prices are expected to trade in a range of 56,000-58,500 rupees per 10 grams this week, with a downside bias. The US Federal Reserve's commitment to a more aggressive monetary policy stance is likely to weigh on gold prices in the near term. However, gold could find some support from a weaker rupee and rising geopolitical tensions.
If gold reaches between...
SEPT #7
Risk 0.5%
TP1 = 1:2 RR
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market...
Gold prices extended the previous day's healthy recovery from $1,900 or above three-week lows and gained stronger traction for the second straight day on Friday. Momentum lifted XAU/USD to three-day highs around the $1,915-$1,916 region during the Asian session, although a meaningful upside move still seems unlikely.
The US Dollar (USD) has pulled back from its...
Gold prices traded around $1,920 per troy ounce in the first hours of trading during Monday's Asian session. The precious metal managed to hold on to its previous weekly close, receiving some support from the weakening US Dollar (USD).
The US Dollar Index (DXY), which measures the Greenback's performance against six major currencies, is currently trading around...
Gold prices tried to make up for the previous day's losses, trading around $1,910 per troy ounce higher in the early trading hours of Wednesday's Asian session. This currency pair is trending up due to the decrease in the value of the US Dollar (USD).
However, gold prices face challenges as the market is cautious ahead of the release of US inflation data,...
![XAUUSD: GOLD [XAUUSD] Long/Buy setup](https://s3.tradingview.com/h/hx8AWqsJ_mid.png "GOLD [XAUUSD] Long/Buy setup")
