Gold is giving buy opportunity around 47700
Gold has touched a low of ₹ 47584 today, if it sustained above 47750 then go for long with stop loss of today's low.
Target around 48250-48400 can be seen very soon.
Gold Dec Long
Creating base around 200 day EMA around 47330
Buy around - 47550-47600
SL- 47300
Target- 47760, 47868, 48010
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On Base of my idea to sell international gold I recommend Sell Gold @ CMP 47444 tgt is 47222-47111-47000-46909 on MCX
sell gold @ 1777 sith sl 1783 tgt 1763 or below trend show delince patteren with start moving up on if it cross 1788
Gold Dec Long
Creating base around 200 day EMA around 47330
Buy at CMP- 47420
SL- 47190
Target- 47680, 47760, 47868, 48010
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
SILVER was trading under the Resistance trendline since mid May (shown in black in chart), but today it gave a breakthrough opening in the morning on MCX.
If it closes above 63800, then we can make a long position in current contract for a major profit.
LOGN SILVER @ 64800.
Silver has a major resistance at ₹ 65800, if it gives a closing above this level, then...
Gold Dec Long
Buy at CMP- 47350
SL- 47160
Target- 47580, 47820
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Gold on MCX is very bullish this month. Since October 1st, Gold rallied from ₹ 45800 to ₹ 47800 today on MCX. Gold has a major support at 47850. Currently Gold is trading around 47800
Conclusion
If you are a trader then you can have a short term short call in Gold, target can be seen upto ₹ 47400. Make a strict stop loss of ₹ 47880
MCX Gold looks to breakout the upper trendline which can cause a short term rally. But the overall picture is bearish as the longer term trend is broken in the downside in the previous weeks.
on daily time frame rsi is showing +ve divergence.
although market shows -ve for gold but, festive demand and china crisis for energy & realstate might push gold.
waiting for one green candle.
Yellow metal on MCX may remain volatile, traders can take a short positions.
CMP : 46635 at 1:15 (IST)
Stop Loss : 46810
Target : 46225
On th October, MCX Gold DEC Contract made a low of ₹ 46477, which is expected to be broken by today or tomorrow amidst a firmer dollar and a rise in US Treasury yields weighed on the precious metal’s appeal.
Yellow metal will...
MCX gold has started falling since 1st June, and it's moving under a parallel channel. But this time, it can break out this channel. Why? I will explain it through Elliott wave projection in the next update.
In the last trading session, it made a Doji candlestick. And that's a sign of trend change. If gold does not break the crucial level, then it can drop up...
A triangular pattern is about get completed on daily chart.
rising dollar putting pressure on gold prices but their is higher chances is may go up before festive season.
instead of entering in any trade one should wait for confirmation.
momentum indicators are in week zone.
1. gold is making triangular pattern on daily chart.
2. 45810 is support line. immediate target 46740.
3. RSI show a positive divergence.
NOTE: one should avoid entering in buy trade if USDINR show green light.
sell Gold CMP 47165 with SL of 47285 trgt 46750
1 Gold rises after US CPI misses analysts’ estimates
2 Treasury yields fall, allowing bullion to advance
3 Markets may have overreacted to inflation miss
The 78.6% Fibonacci retracement level (1801.57) from the July/August move also gave way.
The 1834.14 level is a major potential resistance level if bulls advance.
