Goldtrading
GOLD Uptrend - broke 1 year old trend line, possible long.
GOLD -
1. Major Support - 46870.
Resistance - 50000, 52500, 56000.
2. Past Trend - Up. In correction since last one year and has successfully broken last one year old trend line.
3. Strength - Is showing strength in up and is likely to break 50000.
4. Future trend - Break of 50000 and up trend continuation to 56000.
5. Trade Setups -
a. Buy - above 50000, 52500 if it sustains above these levels after breaking them.
b. Buy - around 45500 - 46000 if it shows selling from here.
c. Short - No short, resistance levels should be used to book some profit.
GOLD MCX EDUCATIONAL IDEAGold mcx
Descending parallel channel pattern breakout along with good intensity of volume,
along with rsi breakout and directing towards north.
Just to learn or educational purpose
One can go long at breakout with stop loss of breakout candle's low which is pegged at 46854
for targets of 47569, 48111, 48808, and 49558.
This is just a learning purpose idea.
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
Long MCX SILVERSILVER was trading under the Resistance trendline since mid May (shown in black in chart), but today it gave a breakthrough opening in the morning on MCX.
If it closes above 63800, then we can make a long position in current contract for a major profit.
LOGN SILVER @ 64800.
Silver has a major resistance at ₹ 65800, if it gives a closing above this level, then we can expect an upper movement of 5000-6000 in silver.
new gold 15 min predictionchances are that market will come down till here and go up back to the top trendline but if it breaks the second trendline go to the third and bounce back up and if it breaks the third line it will go to the fourth line and bounce back up both buy and sell opportunity available pay attention to ema
XAUUSD Strategy today 18-19 OCT| XAU USD Analysis Today |XAUUSD : Too many levels and too many opportunities but TIMING IS THE MOST IMPORTANT FACTOR. Don't trade in the middle, trade at the levels when market will be in our favour.
Option1: If market bounces from the support zone of 1750-40, we can BUY.
Option2: As the market has been testing this level for a long time, the level is weakening. If the support breaks, Sell below 1740.
Option3: 1725-1717 is the strongest support zone in the gold right now. Good possibility of a reversal from the support. If it bounces from this support of 1728-1717, we can BUY.
Option 4: If market goes from the current position, SELL at the resistance zone of 1780-90.
Option 5: Buy above1790
Option 6: If market reaches the level of 1805-1810, good possibility of a reversal.