Trend analysis Current week trend has less volumed when compare to last week. Looks golds is in range bound between 2380 to 2280 per trend analysis pattern. Three drive pattern gives short look below 2,270. Please do your Own analysis before trading. I just share my view.
after the gap on 21st the buying potential looks faded and we can see a strong rejection then we have 4h bearish fvg and then filtered with 15mn another bearish fvg which is at the level of 66400 could be the selling or short limit with sl of 66800 and target of 65200 and second target at 64400
If, price below 61450 will trigger the liquidity of trades who entered recently because the price have not mitigated the order block below it 61200 and 61100 On the upper side, above 62700 63200 - 63400 - 63800 will be the sellers order block and fair value they will look to sell the remaining levels will be choppy trade level to level
price follow a trend line and price is respect lower low pattern. Intraday resistance 1: 62251 Intraday resistance 2: 62404 Support :62062
SYmbol Gold SPot or XAUUSD TImeframe Day chart Analysis : Here we can conclude Selling pressure is more as we can observe a strong reverse pin bar and the breakout from the triangle pattern . We can expect a target of 1985/1900 HOPE our analysis is adding value to your Trading Journey. NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your...
5888 - 57500 will be investor buying zone , which is 6-8% away from friday close, and for trader they been looking the triangle pattern breakout would rather wait and buy instead of shorting the gold (following the long term trend) based on my fib projection the price here has reached overbought zone which needs a correction for futher continuing the uptrend...
Gold Mini Futures Intraday Prediction Levels for 7 Dec 2023 The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone/Line or after break down and close below the Support zone/Line. These levels...
Short Recap - Gold had good rally from 6th oct , to the upside from 56500 to 61250 Currently - price is hovering around the higher time frame bearish order block which is resulting a resistance phase to gold price from (61500 to 60500 zone) there is been a internal CHOC (trend change) from bullish to bearish although the bearish continous will be confirmed...
Potential Gold MCX Short Setup: A short position may be considered in Gold MCX if the price falls below 60620, with a stop loss set at 61150. Please note that this trade setup is only valid if the price does not breach 61120 before activating the short. Disclaimer: Trading involves risks, and this is not financial advice. Always perform your own analysis and...
Consider a long position in Gold MCX around the current price of 61160. Initiate 30% of your standard position size. Add to your position within the 60960-61000 range. Set a stop loss at 60550 for risk management. Potential profit targets are at 61380, 61600, and potentially 61800 or higher. Please note that this is a suggested approach and not financial advice....
Gold MCX has settled into a range, possibly confined within a 1000-point zone, specifically between 60125 and 61125 . It's prudent to exercise patience and await a decisive breakout from this range before considering new trades. Stay connected for forthcoming trade ideas. Disclaimer: Trading involves risk, and past performance is not indicative of future...
Hey traders, here's an important update on our Gold MCX positions: We've successfully booked our long position and are currently completely out of our short-term long trade. In order to consider re-entering a long trade, we'll be closely monitoring the market for a break above the key level of 61,130 , and it's crucial that the price sustains above this...
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
we have captured the down trend since the beinginng on trend change currently price has breached some fair value area and ob's from medium time frame as i have captured the big trend personally i wont be shorting instead will wait for my buying zone 58810 and 58665 is new current resistace 58275 and 58120 is the level where price would like...
GOLD FUTURES (MCX) continued to decline from the 59900 lvl and has broken the mtf support of 58135 with a gap down price then retested the support, (as the support breaks it will act as resistance now) similarly we seen a rejection and price coming back to day low further if the day low is taken out, we can project the price heading towards its higher time...
Gold is in an uptrend and looks like it is pulling back to the support level, it could be a good entry point for riding the trend.
Gold is forming an inverted head and shoulder pattern on the hourly timeframe, it is at a key pivot level. Any break above that will see a sharp intraday rally in the commodity.
Shorting Gold on 15 min frame 1:5 ratio in every trade as usual. SL & Targets are on charts. I have found FIB retrace tool for my targets & SL