Overall trend is bearish on Daily and we are looking for a swing trade.
If yellow zone around 1804$ is being respected we will be looking to go short.
Enter on lower-time frame on the break of structure.
There is a Trading Signal to Sell in Gold XAUUSD
Traders can open their Sell Trades NOW
Rank : ⭐️
⬇️Sell now or Sell on 1769.56
⭕️SL & Buy 1783.46 ( Buy Target 1818.50 )
🔵TP1 @ 1715.61
🔵TP2 @ 1686.15
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Gold 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
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
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...
After retracing 61.8% of recent rise or we can say wave I,
Gold has given a positive daily close in yesterday's trading session, it looks like corrective wave II is completed and now wave III can possibly unfold, we also noticed that since april 2020 gold is responding nicely as support and resistance at these areas of $1740 to $1760 price zones, at this time...
XAUUSD/GOLD LOOKS BEARISH SELL AFTER RETEST THE RESISTANCE .
Just now gold give breakout on downside wait for pullback
then if big bearish ( red ) candle appear near resistance then go for sell side .
SELL GOLD AROUND 1760 - 1762
STRICT SL - 1786
TARGET 1 - 1755
TARGET 2 - 1750
TARGET 3 - 1745
this information is for only education purpose.
XAUUSD LOOKS STRONG BEARISH IT MAY CONTINUE DOWNTREND
Gold looks weak today if price rejects on resistance of 20 ema 50 ema or 200 ema
then go for
SELL SIDE WITH STRICT SL - 1785.58
TARGET 1 - 1746
TARGET 2 - 1725
TARGET 3 - 1705
Gold has touched a low of 1783.8 and now reversed from the low. Currently being traded below Fibo Level 50. Looks bullish and one can Buy Gold at/above 1792.6 TP1 1796.5 TP2 1799 TP3 1802 with the SL 1788.