In June, XAUUSD and MCX Gold crash due to FOMC events. It has recovered almost 60% to 70% loss in the July month. You can read the previous articles of Gold to catch the next move. This week gold may remain downside until it breaks the levels of 48520 . It can be up to 47580 - 47200 . But, once it crossover the 48520 levels, then it will become unstoppable...
Key Levels: 46720, 46250. The corrective nature of the latest rebound suggests the Gold decline will continue. A break of hurdle will raise the possibility of the impulsive decline from near 46720 . A strong selling signal will come after a breakout of 46250 levels. So, intraday (day) traders can start selling between hurdle and breakout levels for the target...
MCX GOLD- H&S Breakout possibility with an attractive Risk Reward
well on D chart clear breakout done and now consolidating in a range a break from this range will give amazing upside :) Happy trading :)
The chart above indicating a clear uptrend continuation. We may see sideways movement before it hits the top of the rectangle. According to the Darvas box ( rectangular formation ), MCX gold will move upward gently this week. Hence, intraday traders can jump between the range of 45200 - 45300 . Targets: 45560 - 45680 If gold breaks the bottom of the...
On 15 Feb 2021, I have written an article on Gold. First, click below & read again: URL: I have written in that article, " If gold remains below 47296 levels, it will come down to 0.618 value of Fib retracement. Targets: 46860 – 46600 – 46000 – 45660 – 45200 ". Gold has touched all targets. NEW UPDATE: ============== Keep eyes on the retracement value...
Buy MCX Gold at 14,944.43 SL at 14,844.89 and hold it till 15,293.51 Risk to reward: 1:3.5, From 15,293 it will drop till 14,750.17
Gold trying to take support at different levels but has been a sell on rise for more than two quarters. Still a sell on rise with target of next support line
BUY GOLD @ 1708 likely TGT 1800+++ by Friday Close
Please do your own analysis before trading or investing.
HELLO FRIENDS, HERE IS GOLD TRADE SET UP AS PER HARMONIC PATTERN GOLD BUY NEAR 46500 TO 47000 LEVEL WITH SL OF 46985 FOR THE TGT OF 50,000/- HAPPY TRADING FRIENDS
Sell gold M 47280 Stop loss 47345 Target 47016 Target 3 - 46686
Main scenario: If gold remains below 47296 levels, it will come down to 0.618 value of Fib retracement. Targets: 46600 - 46000 - 45660 - 45200 Alternative scenario: If gold remains above 0.5 , it may try to hit 0.382 (TP: 48260 - 49000+ ). So, here hurdle is 47296 for the short-term traders. Intraday traders can play both sides. And we may see a...
⭕ Positional Trading opportunity ! Weekly Chart Alert !!! ⭕ --Buy above =170 or CMP --Target = 187 | 209 --Stop-loss = 159 --Lot Size = 6000 ...
MCX Gold is collapsing after making the all-time high of 56191 (swing high). It has created a parallel channel in December. Gold prices are rising here. If gold breaks the dynamic resistance without fakeout, it can touch 5 1000 - 52000 - 52384 levels at the beginning of 2021. And if gold breaks the parallel channel and retracement value of 0.618 , it will...
Gold is bouncing from the hurdle (support). And if we look at the Gold Spot, the RSI is bullish and calls for further upside. Hence, MCX traders can buy for the following targets: 50060 - 50120 - 50200. According to MA, EMA, and DMI, it's bearish. If it remains below to hurdle, intraday traders must sell it for the targets of 49860 - 49800.