Goldshort
Sell GOLD at CMP 1811 with SL 1820 tgt 1795/1785/1775/1765Gold prices are sitting atop rising trend support guiding them higher since August 2021. Immediate resistance is at 1813.40, with a break above that exposing the 1834.14-49.64 area. November’s swing top at 1877.15 follows thereafter. A daily close below 1778.50 may confirm bearish reversal, targeting 1750.78 next.
MCX GOLD ANALYSIS - Short CallGold on MCX is very bullish this month. Since October 1st, Gold rallied from ₹ 45800 to ₹ 47800 today on MCX. Gold has a major support at 47850. Currently Gold is trading around 47800
Conclusion
If you are a trader then you can have a short term short call in Gold, target can be seen upto ₹ 47400. Make a strict stop loss of ₹ 47880
MCX GOLD TRADINGYellow metal on MCX may remain volatile, traders can take a short positions.
CMP : 46635 at 1:15 (IST)
Stop Loss : 46810
Target : 46225
On th October, MCX Gold DEC Contract made a low of ₹ 46477, which is expected to be broken by today or tomorrow amidst a firmer dollar and a rise in US Treasury yields weighed on the precious metal’s appeal.
Yellow metal will remain under pressure this week.
Buy on dips strategy could work for both the precious metals.
Buy zone above - Rs 46,850 for the target of Rs 47,300
Sell zone below - Rs 46,500 for the target of Rs 46,200
December Gold closing price - Rs 46,757, Support 1 - Rs 46450, Support 2 - Rs 46,300, Resistance 1 - Rs 46,850, Resistance 2 - Rs 47,125.
MCX:GOLD1!
XAU\USD short so looking at daily timeframe price as bullish but its on resistance as well and previously price has make pull back after a bullish candle so i went on smaller time frame and take short based on technical analysis
confirmation is there in chart. after its make a pull back it can continue going up.
XAUUSD Technical Analysis
Gold is in strong downtrend and can clearly see more big red candles than the green ones which suggests the price has tendency to go lower. We already had a Pullback at 1795.36 and the second Pullback might happen again which would make a double top at 1795.36, but if it doesn't happen we expect the price to go lower to at least 1743.16
Have a Profitable Day
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Conseil de trading :
". Il existe toujours une possibilité de retracement temporaire vers la ligne de résistance suggérée (1897).
si tel est le cas, les commerçants peuvent fixer des ordres en fonction de l'action des prix et s'attendre à atteindre des objectifs à court terme."
Analyse technique :
. L'XAUUSD est dans une tendance baissière et la poursuite de la tendance baissière est attendue.
. Le prix est supérieur à la moyenne mobile exponentielle pondérée à 21 jours qui agit comme un support dynamique.
. Le RSI est à 27.
Prise de bénéfices :
TP1= @ 1875
TP2= @ 1848
TP3= @ 1828
TP4= @ 1797
TP5= @ 1762
SL: Break Above R2
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Vendre sur rejet de prix inférieur à 1
SL: Break Above R2
Ceci est un exemple de prévision
Prévisions intrajournalières
💡Don't miss the great sell opportunity in Gold (XAUUSD)
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1897).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XAUUSD is in a downtrend, and the continuation of the downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 27
Take Profits:
TP1= @ 1875
TP2= @ 1848
TP3= @ 1828
TP4= @ 1797
TP5= @ 1762
SL: Break Above R2
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GOLD Analysis.Hello Traders.
Hope all are doing well.
I have observed the potential wealth creator trade in gold.
I see a clear down trend for short time trade and we can enter the market in a pritty good risk to reward.
as per analysis Point 2 is considered as Stop loss & Point 3 as Target.
As you can see in the analysis.
If any questions please text me up.
Regards.
XAUUSD(GOLD) - BEARISH TREND Description:
The counter XAUUSD is in the descending triangle from 31st March. The support baseline at the price 1676.48 and the resistance trend line at the prices 1755.62 and 1745.98 together form a descending triangle. Today the price is moving near the resistance line and it is expected move downwards. The bearish trend of the counter may continue further in the counter. The curves of the stochastic indicator are at the level 80 which gives additional support to the description.
The major levels for this counter are
R2 –1746.72
R1 –1738.10
PP –1721.92
S1 –1713.30
S2 –1697.12
XAUUSD, looks to touch the support at 1655 zoneGold against dollar , pair trending lower for several week from year started, now its almost ready to touch the support at 1655 price zone, we have to wait to witness a bounce back..but Dominating USD affects the Gold moves..
Analysis only for education purposes