Goldtrading
GOLD (XAUUSD) | The best scenario is to fall📝Hello traders, Gold in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
The gold trend is generally within a leading cycle, from which waves 1, 2, and 3 are completed, with waves 4 and 5 remaining.
Wave structure 4: It is similar to a triangle due to its shallow depth.
This triangle can be considered as expansion and contraction.
Preferably we counted as a contracted triangle.
From this triangle the waves a, b, c and d are formed and now we are inside the wave e.
The t-wave is made up of the t-wave a, and the b-wave probably formed its first wave in the form of a flat wave, and this descent is also related to wave a from wave b to wave b.
We probably give wave b from wave b to the gray channel and wave c from wave b is located on the upper side of the triangle, and then the descent for wave c from wave e will be equal to wave a, and finally the ascent for wave 5 will begin.
- This is just a possibility and may be completely wrong -
(If the 1830 area is broken, this countdown will be completely fielded)
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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XAUUSD Bearish flag !Bearish flag Channel pattern formation on XAUUSD on a 4hr timeframe ! Target should be around 1770$ !
🚫Disclaimer:
I'm not an financial analyst! I'm sharing this with public! It just learning purpose only! If u find anything wrong with this post ! U can tell me ⬇️ comments!
Thank you!!!
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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