Yellow 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...
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.
sell gold and hold for target of 46600-46400 date 16--08-2021
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...
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...
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...
Gold 1hr made supply zone and price retest it ..sell here and target next support zone around 49150.
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.
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...
XAUUSD , pattern formed a triangle pattern, it may have a chance to go bearish towards end of the week, could be around 1700 area.. Analysis only for education purpose
It looks Gold against Dollar pair, may looks to go bearish with aiming at 1700 zone, analysis only for education purpose
Gold 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
May be there is a channel, if price will stay below 1870 - it wil be a way to down to 1850 - 1829
As we can see a falling volume and prices are going up, which indicate a weakness. So lets go short On Gold , Gold will have a correction upto 16%. We also see a SZ nearby. Entry 1937 SL 1966 T 1612
XAU/USD just hit a Daily Resistance zone. First Stop will be Last Weeks Support zone.