Gold is known as a hedge against Inflation and currency devaluation. It is following the Time Cycle very well as u can see in this chart. Accumulating gold at current levels and on dips a can be a good strategy to ride the trend towards 70000 levels as long as 62000(cycle low) is held on the downside.
MCX GOLD is currently trading at 68900. I shorted GOLD twice in last three weeks. One position was closed in 700 points profit and other went 1000 points in profit and then closed CTC. I'm shorting MCX Gold Futures once again at CMP 68900. I will add more short position if 69600 comes & will hold with SL above 70100. I think rally in gold is about to end and...
MCX Gold has rallied one way from 62000 to 67000 in last 5 weeks without any major retracements. Gold is currently respecting a rising channel pattern & currently trading at higher end of this channel pattern. I'm expecting gold to correct and touch bottom of this rising channel. I tried to short gold last week but it went sideways so I had to close. Closed that...
MCX Gold has rallied one way from 62000 to 66000 in last 8 days without any major retracements. This sharp up move can not sustain without a good retracement. Dollar Index is also trading at a major support zone of 102.500 so there's very high chance that we might see a correction very soon. Here's a trading opportunity. GOLD CMP - 65950 I'm taking short...
Finding a foothold at 61960 , MCX Gold prices hinge on a crucial juncture. A crossover and break today could lead to target prices of 61860 , 61760 , and 61560 . The range of 62360 - 61960 holds paramount significance for day traders, potentially game-changing. Breaking 62360 may pave the way for an attainable target at 62660 , with further implications...
Gold MCX - Short-Term Analysis Gold is currently trading in a tight range and appears to be hovering around a resistance level. As of now, we advise caution for short-term trading, as the market lacks a clear direction. Key Levels: Range: 59660-60260 Additional Resistance: 60330-40 Our strict advice is to refrain from trading in gold at this moment until we...
Weekly Technical Analysis of Gold MCX Futures : - As discuss in the previous week's Technical analysis, Gold is following a strong bullish price action, with good volume followed by breakout on daily chart. In last week our first 2 positional targets achieved. We are still into a bullish territory over the charts for gold.
61845 was the HIGH 60,000 to 59,500 has the bearish liquidity side where the price is getting rejected also from the top to lower time frame lower high i.e. 5700 we got pullback and retraced back to 0.5 of fib zone which is giving selling pressure the nearest LTF support we have is 58735 and further downfall we can see if this level break will be upto 57650...
Trend Until May 2023 - In the short term, Gold may fall to 58,800 or 57,950 levels. Future Trend - In the long run, post-May' 23, Gold is expected to consolidate, and once again breakout above the previous highs. It can reach 63,000 to 64,000 levels. Technicals - The leading indicator RSI is trailing above 60 in Daily, Weekly, and Monthly charts, and...
11-Apr 11:04 AM Gold June Futures #Intraday Buy at CMP- 60390 Stop loss - 60225 Target- As par strategy indicates Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose. #NSE #stockstowatch #stockstobuy #swingtrading #MCX #commodities #commoditytips
5-Apr 6:53 PM Gold June Futures #Intraday Buy at CMP- 61040 Stop loss - 60890 Target- As par strategy indicates Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
Analysis of Gold has been given in the chart, What we need to understand over here is small/minute details which plays a very important role. There is this plain thinking or myth or possibility that I've heard is that When Gold price shoots up equity market goes down. I am observing this for quite a long now, so sometimes it works and sometimes it doesn't but...
Gold Target Bullish for a while Target 1853: 30 Minutes timeframe BUY AT 1840, Target 1853 , SL 1832 I have used Movinf AVerage ad RSI Statergy here an Used the timeframe of 30 Minutes. NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. NOTE: RESPECT The risk. SL should not be more than 2% of the capital. Happy Trading
Check levels as per marking on Chart, Gold has short condition as per our analysis for the target of 54000.
#MCX #GoldM (Gold Mini) Evening Session: Setup: Sell on rise. An intraday trendline is around the 56900 level (as of now). If it's broken, then it can fall another 50 rs easily. Upside, it will face resistances around 57075, 57150-160 level. OI Data (22nd Fed): Too small to infer anything. 57000-56000 is broder range.
Gold made a flag pattern and the trend line is broke 1hrs time frame. fib retracement - took support at 38% Target 1 - 5548 target 2 - 5570 (I am on it)
Analysis On 14th December 2022 This is a Bird View so Possible Movement of Gold in a Daily TF for a Medium-term view. >Wave Counts - Recently, Gold has just reached to Depth of Correction point in Minute Cycle of Wave Count , while in an Intermediate Cycle, it seems like Wave C is still on. Furthermore, Last month's upward journey is still not break ...
Chart showing harmonics for gold. Gold is near reversal zone.