MCX GOLD is currently trading at 68900.
I shorted GOLD twice in last three weeks. One position was closed in 700 points profit and other went 1000 points in profit and then closed CTC.
I'm shorting MCX Gold Futures once again at CMP 68900. I will add more short position if 69600 comes & will hold with SL above 70100.
I think rally in gold is about to end and...
MCX Gold has rallied one way from 62000 to 67000 in last 5 weeks without any major retracements.
Gold is currently respecting a rising channel pattern & currently trading at higher end of this channel pattern. I'm expecting gold to correct and touch bottom of this rising channel.
I tried to short gold last week but it went sideways so I had to close. Closed that...
Accumulation phase has finished.
Read the chart and study it how they Manipulate market after breaking out of range for the long time. After accumulation it always do fake BREAKOUT.
Manipulation phase has started
Currently hunting sell side liquidity
People will be shorting it for 20k target but they will be rekt soon.
When it start pump and cross above...
Buying some quantity of goldbees
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
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Gold Update
- Since my last post Gold did follow my plan and led to a significant move to the upside.
- Remember we don't trade any patterns my conviction was based on merging Fundamentals along with technical analysis.
- The Global Scenario for gold looks bullish and commodities overall will remain bullish in a market where we have chances of the war getting...
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
Hi every one
I am gold king
you can watch my anlysis
You can start Investing in gold
Note: this is not buy sale tips
this is my perfect analysis gann cycle
R u ready
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
🌷US Dollar, Treasury Yields, Israel, Federal Reserve, GVZ Index - Talking Points
- Gold prices appear to be comfortably above the USD level during Wednesday's trading session
- Treasury yields after hitting new highs again but gold seems unaffected by that
- The US dollar has been volatile despite global instability. Will XAUUSD continue to rise?
🌷World gold...
* IM NOT IN FAVOUR TO SHORT INSTEAD WAIT FOR VALUE BUYING AREA*
gold has breached all of its recent support and this fall looks like free fall maybe because of dxy rising
57460 and 56300 will be very important level base on previous trend low to recent high fib retracement of 0.6 and 0.7 golden zones are appearing on exactly on our fair value area
WILL UPDATE...
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...
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
This recent up move is just a pullback
which did not retested out ob
it is heading back to retracement area of 0.7 and 0.5 lvl
but for short time gold is like to hover within 0.5 - 0.7 level (59665 - 59385)
and there after there is resistance above at 60150
cant fit in with good risk to reward for investing or value buying
better to avoid fomo
59970 and...
-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....
![XAUUSD: GOLD [XAUUSD] Long/Buy setup](https://s3.tradingview.com/h/hx8AWqsJ_mid.png "GOLD [XAUUSD] Long/Buy setup")
