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MCX

Gold is showing resistance on weekly charts, 1645 is importantGold or xauusd is moving in a bullish channel on weekly charts. Friday's top has touched this very line and closed a couple of dollars lower. Breakouts on weekly channels are not seen very often, a cautious approach is a must at these levels. I would wait for more SELL signals on other indicators before going short, 4-5 $ above the trendline will be the stop loss for this trade. on certain momentum based indicators, some weakness can be noticed on hourly charts, this can be due to some profit booking ahead of weekend or initial signs or some sort of reversal or pullback in a overbought market.
OANDA:XAUUSDShort
by ipuneet
3
Nifty/Comex Gold -Solving Explosive puzzle with Golden ShineDisclaimer All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. Comex Gold Trading above 1490$ - There is room for gold to move 80-100$ upside in 1580-1625$ Later below 1490$ - It can slip to 1410/1265/1050$ as per long term strategy. Nifty Index Holding below 11310-11325 – Bias remains negative & whole explosive rally of last trading day could fizzle out & Index could slip back to Target 1- 11140-11150 Target 2- Below 11140 – target is 11080-11090 Target 3- Below 11080- Expect 10950 Target 4- Below 10890– Expect 10750 Target 5- Below 10740– Expect 10580-10615 Note – Above 11325 – This idea gets invalidated
COMEX:GC1!Short
by WaveTalks
73