GOLD - LONGThe counter was in a range bound from 21st May. Today the counter broke out the accumulation phase and it is expected to move upwards, so long is more preferable for the counter. The bullish trend expected to continue until this weekend.
While placing the order, kindly add your stop loss at the price 1704.13. Since the counter is in the peak value we cannot determine the TL, so just be with the market flow.
Goldtrading
GOLD on BULLISH MODE!!!Global financial powerhouse Goldman Sachs raised its gold price forecast this week,
expecting the rally to continue due to currency debasement fears and economic
uncertainty caused by the coronavirus crisis. Goldman Sachs lifted its three,
six and 12-month gold price estimates to $1,800, $1,900 and $2,000 per ounce,
from $1,600, $1,650 and 1,800 per ounce, respectively.
Technical View-
On a daily chart we can see since April its has been in a range.
Last whole week it took a support on 20 day EMA, and last day it has
given a break out above short term resistance line. It seems bullish
for this week.
GOLD MCX MINI JUNE 2020 PREDICTIONGold MCX is Trading in Rising Wedge Technical Pattern as marked on the Chart above. Support zone For the Gold Seen at 46300- 46150 Which is the decisive levels. On the Upside Resistance is Capped at 48400, The Wedge Formation Resistance, We Suggest to Go Long on GOLD MINI for the Targets of 48400 and 49000 Place stoploss below the support Zone which comes out to be 46100-46000 (Place Stop Loss As per closing Basis) Means there should be daily closing below 46000 Levels
gold price analysisSince March 17, gold has been in a process of market manipulation, leaving us with good entry areas and key signals. As of May 18, 2020, Elliot's impulse wave formation begins with beautiful harmonic patterns and after finishing the cycle of (1-2-3-4-5) with good results, the wave process started corrective (Corrective point "A" exceeds "level" 4 "of the" impulse wave "), in theory, the movement of the corrective point" B "should reach the level of the elliot impulse wave" 3 "(support) and therefore the expected input will be between the fibonacci area 0.5 (marked from the beginning of the corrective wave to point "A") and the support point formed by elliot "3". * RSI should continue to show convergences With the price, the volume of contracts traded must be higher than the "3-4-5-A" point, * There MUST be price zone rejections directed against the uptrend (with two rejection candles within range of the zone ) if these criteria are met, we will say that having a safe contribution with profit taking will be a fibonacci level of
GOLD COMEX CAN TOUCH 1772$ GOLD COMEX is trading in Rising Wedge Technical Pattern (Marked with Blue Lines in the chart Above) Support Zone for the GOLD COMEX is 1725- 1735$ Per Ounce. On can Buy with Targets of 1772$ and Stolploss Below 1710$... You Can Use These Levels to Play GOLD MCX MINI (Take you Own Decision and Analyse you Risk Capacity Before Entering into position)
GOLD SHORT TRADE SETUPThe 4 hour right side is up against 8/16/2018 low (1159). 1 hour is turning down against 1739 high. Near-term, while bounces fail below 1739 high expect Gold to extend lower to correct the cycle from 8/16/2018 low in 3, 7 or 11 swings before upside resume.
SHORT GOLD
@1700-1704
TP: 1680
SL: 1715
GOOD LUCK !
thats a historical chart, which shows gold will be @5000 till thats a historical chart, which shows gold will be @ $5000+ till 2025 ... if any thingcan be concluded from the fractal going from 2005-2011 ...we r exactly at the same place or we may see gold touching 1800-1900 in short run then consolidate to 1300-1450 zone & then again make a ride towards new life time highin end 2021 -begining 2022 & keep on increasing till - 2024-2025
Gold midweek analysis, Bearish confirmationIts been a long bullish run for Gold against Dollar, set up clearly signals for bears to take control for this pair. Right from 1715 its ready to go down till 1660 as of now, Today USD news like Unemployment claims , Flash services PMI will reflects on this pair..