GOLD and SILVER have been in a downtrend after a surge in Mar of this year which was a reaction to the Ukraine invasion. A lot of "GOLD is a safe haven " traders may have entered in post the invasion and have been stuck for over 6 months as the metal moved down over 21%. Of course the continuous downmove since then may have forced a lot of exits.
We can now see...
Intraday
Gold Long (27 Oct)
RSI-61
Buy at CMP- 50780
SL- 50685
Target- 58950, 59120
Join us, Learn more, Earn more
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Gold Short ( 04 Aug)
RSI-63
Bearish engulfing candle
Sell at CMP- 52020
SL- 52225
Target- 51768, 51680
Join us, Learn more, Earn more
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
#Gold Short ( 01 Aug)
RSI-49
Gap down, RSI divergence
Sell at CMP- 51380
SL- 51550
Target- 51185, 51060
Join us, Learn more, Earn more
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
#mcx #commodities #commoditycall
Gold has accomplished the final correction wave (Y) of wave ((B)) and has begun to form sub-waves of the corrective wave ((C)).
Currently, the price is at 100 EMA & the lower band of the parallel channel. It appears that the movement of gold is being dominated by bears, as it is making lower lows and lower highs.
If the price breaks down the parallel channel,...
Gold Short (12 May)
Sell at- 50810
SL- 50925
Target- 50620, 50510
Join us, Learn more, Earn more
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
In the previous trading session, MCX Gold made a high of 51538 and closed at 51343 ( +444 ). A question is, is it moving upward?
To identify uptrend:
There are two hurdles to continuing the uptrend. It should break out the 5th May high or settle above the control line.
According to the above chart, Gold is forming a bullish flag pattern. And we're...
Hello, gold futures analysis on 2hr chart buy: 52,000 target: 53,200 stoploss: 51,750.
LOGIC BEHIND TRADE : Gold futures has formed W pattern on 2hr chart & given breakout of resistance, buying on pull back is strategy RR is good in trade (target identified from harmonic xabcd pattern level 0.886) stoploss is taken low of resistance candle. MCX:GOLD1!
MCX gold in falling wedge... and breakout of the wedge will give upside move towards 52000+++
gold doing abc correction and coming out of the wedge will confirm completion of corrective abc wave
views are educational
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...
Did you read the 26 Jan 2021 article on Gold?
Article: Don't Get Yourself Into a Bull Trap With MCX Gold
Wherein I have highlighted a strong resistance (SR) which is 49280 . It has broken down on 14 Feb 2022. That indicates the MCX gold uptrend is unfolding here. If it consecutively remains above the SR, we will see the gold price above 51160 - 51740 .
The...
Gold has finally given the breakout of ascending triangle pattern with RSI breaching above 60 and MACD crossover,
and the target coming for that pattern is of 52000.
I've given this call 1 week earlier, those who have trade my idea have surely
made profit you could check that idea in the related link.
Gold is trying hard to give a breakout of ascending triangle @48912 after which could move towards the target @52176 i.e. a rally of more than 6% !!! . There is also MACD crossover with a positive histogram a damn Bullish signal !!!
Gold Dec Long
RSI Divergence at support at rounding bottom pattern with 100 Day and 200 Day EMA
Buy at CMP- 47680
SL- 47535
Target- 47920, 48030, 48154
Join us, Learn more, Earn more
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
sell gold cmp 49100 sl 49400 tgt 48700 / 48500 /48300 / 48100
Sell Gold At CMP 1856 tgt 1842 / 1835 / 1825 sl 1870
in last few day gold has seen tremendous rally from 1760-1868
Now 4h chart is showing tired sign
being contrarian i think it should fall for further upmove
Gold Dec Sell
RSI Divergence
Sell at CMP- 49202
SL- 49370
Target- 49030, 48835
Join us, Learn more, Earn more
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
