According to this chart, gold has started falling from August month. Doji appearing in the last trading session. It's signaling a possible reversal. If gold follows the dynamic resistance, we may see a continuous downtrend. That can be up to 0.5 ( 47300 ) to 0.618 ( 45200 ) of Fib retracement. Fib retracement: Swing High: 56191 Swing Low: 38400 Here's...
1825-1816 is a very crucial level. Breaking below 1816 could bring more Short contracts. -MetaVish
According to this chart, gold is further advance. Intraday traders can see 49860 - 50000 levels soon. We may see 50200 - 50400 in extension before the weekend. If gold breaks the support trendline, gold can collapse up to the trend diversion point (from 49560 to 49400 levels). Speculators can enjoy both rides. Once it breaks the support trendline, I...
Overall, MCX gold is collapsing. Look at the chart, if it breaks a low of 48924, we may see freefall up to 48500 - 48360 . According to 50 MA, gold will try to push the upside. If we see the gold closing price above the second top of the trendline, it will start rising for the levels of 49760 - 50000 . Here ADX is less than 25 and 200 MA throwing a direct sell...
Market is Rejecticing from Lover Levels every time according to Trendline..........Its Price action
GoldM recovered after a huge drop from 52k.Broken the trendlines and conforming ma 200 cross indicates up trend for 52k.Buy with the sl 50450 Targets are 51550,52200,52600 trade your own risk. happy trading.
Gold has started rising from U.S. Presidential Election. I have said in the previous newsletters, bullion sector commodities are strongly bullish. How many of you bought Gold and Gold Guinea? MCX Gold Measured Moves I had written for the intraday traders that, " ...the day traders can follow the following targets: 51000 – 51360 – 51860+ And short-term...
Gold has made a Doji in the weekly chart. It's a direct sign of a reversal. And wherein ADX is less than 25 but +DI above the -DI . Additionally, the 20 MA line is trying to stay downside. In short, DMI & MA is throwing a strong upward signal. Moreover, its volume is increasing. This week, we have chances to see gold prices above the 51860 ...
Here I have compared Gold Spot (CFD) with Indian MCX Gold to identify this week's trend. In the chart, there are two different support levels. Wherein support level 1860 is for gold spot, and 49260 for the MCX gold. I have used moving average and volume on Indian gold. At present, 50 MA is turning downside. If it breaks the parallel channel (PC), gold will...
The sideways action in GOLD is not a Wave 4 triangle as assumed earlier. A Wave 4 triangle should have resulted in a swift move up, this has not been the case. This is turning out to be a Wave B triangle , so a Wave C to the downside is the next expected move.
As per the FOREX GOLD chart idea I have been posting in the last few weeks, the gold is in accumulation stages and GOLDPETAL Contracts are being traded in the MCX with good volumes. The following idea shows that GOLD has had very strong RSI with above 40 in the last two months. Price breakout chart in USD can be seen below for XAUUSD.
Goldex Cross breakout, target on the chart
Bullish Triangle Running – A Classic Scenario for MCX Gold ------------------------------------------------------------------------------------------------------------------------------- Disclaimer ----------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy,...
MCX gold overall trend is upward. The position can be initiate at 52360 . It will keep moving upward after consecutive closing above to the control price. And we may see prices at 53000 - 53660 - 54000 - 54600+ levels. Don't forget to follow the control price (CP). If gold breakdown CP, it may fall for 51360 - 51000 - 50500 - 50000 levels. Watch out the...
According to this chart, gold is reversing downward after making an all-time new high of 56191 . Its support level is 53800 . You can take this level as a hurdle too. We may see a correction up to this after the breakdown of DR. This dynamic resistance will initiate buying pressure for a short period. We have chances to see 55600 (T1) to 56000+ (T2)...
This Will Signal A Massive Gold Rally After a short reversal, gold will start marching for 49060 – 49200 . Don’t mess with gold below support trendline. Can we expect a key level as a target? Yes, and I will update it into the next newsletter.
... Now, where it's headed is it the end of rally yet? A BIG NO FOR THAT :) WE STILL HAVE LOTS OF PROFIT TO BOOK :D Currently, prices are trapped in a range shown in the chart here. So, we are neutral on gold for now. **But again do not short in any condition as it is highly bullish pair. We have to wait for break above 1818 before taking any long term trade....
PRZ - 16200-16225 SL 16350 Target 1 - 16050 , Target 2 - 16000, Target 3 - 15935.