GOLD IN SUPPLY ZONEI posted the same chart few days back, now gold has come back in channel resistance.
Sell Gold At Cmp 51128 Strict SL - 51201 Target - Open
Goldtrading
gold pricdictionsguys trend is down and the price on a trong resistance and a golden zone area so only look for selling i think the price may go down coz even in stochastic 5.3.3. its showing over bought
Gold Again A Buying Opportunity ???Gold again in the channel support range, Buy at cmp 50741 Strict SL - 50499 Target - Long
One can sell reverse if gold breaks 50499 for target of 50000/49750
Gold "Double Bottom" ?This is an add on analysis of my previous one on Gold, buying recommended at 50580, Gold has now made a strong base around 50500 level, if 50500 breaks with volume than only it will fall else m expecting a good upside move..
#Gold Gold has formed a strong support near 49950-50100 , it is getting ready for next rally. Gold can break previous high of 56000.
Gold is about to be barishIf gold breaks 1890.31 today, then it can come in the Bearish form by retesting.
GOLD may rise make profitsGold may rise because ,
It has broken the resistance and even the trendline ,
It looks very strong to buy .
Entry : 1929
Target : 1973/1991/2012
Stop loss : 1912
Gold Long Buy At level 1881 Stop loss 1876 Target1*1889 Target 2*1898 Target 1906 If its break Long Term Target Will be 1921 Doller
Gold M buyhi all,
Intraday call based on fib level and ichimoku,
as we can see price closing above 50230 will give further uptrend.
Trade decided on 5min and 15min time frame/
Gold - US presidential electionAs everyone is expecting gold to break alltime high $2075 before US presidential election, the chart says gold will slide & trade in the range of $1736-1802 (demand zone) before making any further move upside.
Long term demand zone $1560-1682
Fibo extension supply zone @2158-2460-2685
Expecting gold not to break $2075 within 3 months of time frame.
Gold Respect to its Support Level Chances to go more High Gold Respect to its Support Level Chances to go more High Ever.
Start Accumulating GoldThis might be the first sign of Gold's another bull run to test its previous high. INR 49000 is a strong support for gold. Even if its falls below it cannot break 46000. So start buying now averaging below secure a hefty profit opportunity in gold.
Bear Zone Coming Up in GOLD - HOLD LONGLast week has seen tremendous downfall in the global markets with the COVID-19 vaacine no where to be seen.
Major markets reacted to supposedly possible "LOCKDOWN 2.0" in many other parts of the world.
In India, We have seen NIFTY react and fall below 11400 & Bank Nifty make huge falls in the last few trading session.
Investors weary with the major markets usually focus on Gold to hedge the positions but, this week we have seen many investors reduce their positions in the last two trading sessions which refelected in the yellow metal falling steeply.
HOLD taking new LONG positions until GOLD reaches back into accumulation zone. Trade wisely!
Gold Price Weakens as Dollar gainsGold can take support at $1750/oz which approx 43K-44K/10 gram of gold in India. As the dollar is increasing due stimulus provided by Central Bank in US. If you are planning to buy Gold you can start buying but wait for the above level to complete your buying.
GOLDPETAL LONG - HEAVY ACCUMULATIONAs per the FOREX GOLD chart idea I have been posting in the last few weeks, the gold is in accumulation stages and GOLDPETAL Contracts are being traded in the MCX with good volumes.
The following idea shows that GOLD has had very strong RSI with above 40 in the last two months.
Price breakout chart in USD can be seen below for XAUUSD.
GOLD Previous Rejection Line Taking SupportAs per my last week idea, there was a strong rejection zone formed on the upside. In the last trading sesssion we saw GOLD break the drawn Rejection line with a small breakout above into our accumulation zone.
Currently, GOLD has taken support along the previous rejection line.
Heavy Accumulation Seen in GOLD on 8th SEP - Rejection Range Still there is no good news about any vaccine regarding COVID-19, there is still heavy hedging by investors in Gold to protect their funds. Gold is within the accmulation zone and has been range bound in the last few weeks.
Downside breakout was tried but failed and bounce back was seen in the last 2-4 trading session.
GOLD is bullish.
Accumulation Zone - GOLD BULLISH - REJECTION LINE FORMEDTo update from the last week's rejection line, it broke upside and returned back to the accumulation zone.
This week could very well see a uptrend with global markets taking a hit on thursday and friday.
XAUUSD . Weekly Technical Analysis Update for GOLDMidterm forecast:
While the price is below the resistance 2075.05, beginning of downtrend is expected.
We make sure when the support at 1818.00 breaks.
If the resistance at 2075.05 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
While the RSI support #1 at 45 is not broken, the probability of price decrease would be too low.
A peak is formed in daily chart at 1991.10 on 09/01/2020, so more losses to support(s) 1916.20, 1862.45 and minimum to Major Support (1818.00) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 49.
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