As predicted earlier gold is on a bullish run which had a deep correction down to 1910. Price continues to trade above 1920 which will act as a pivot point for the current trading setup. sAME RISK MANAGEMENT HAS TO APPLY IN THIS SETUO AS WE TARGET A BULLISG=H TREND TOWARDS 1950 and 2000 Q1
Hii
This is my analysis on gold
first i used green monthly trend line if it breaks market will go down . if comes toward the mean of the line or say pullback in uptrend is consider .
and price touches red color resistance zone almost 6 times . if it breaks and retrace is consider as perfect breakout . so wait for breakout .
and i use Hikanashi to show...
metal index
hindalco
tata steel
to me all three are looking positive for 6 months time period
TaTa steel is looking good on daily and weekly time frame
rsi is taking support from 40 levels on daily as well as weekly time frame
however on monthly time the confirmation is yet to come but monthly confirmation will not at come these prices till we find monthly...
52-Week High 27.500
14 Day RSI at 80% 25.112
Pivot Point 3rd Level Resistance 24.219
23.890 3-10 Day MACD Oscillator Stalls
Pivot Point 2nd Level Resistance 23.719
23.642 61.8% Retracement from the 52 Week Low
Pivot Point 1st Resistance Point 23.379
High 23.220 High
1-Month High 23.220
13-Week High 23.220
Last 23.038s Last
14 Day RSI at...
On Weekly Basis:
GOLD completed its correction from USD 2070 to 1615 in its 5 Wave Down. It took a support at 1642 on weekly charts. It breached a strong support at 1700 which was a false bear move and reversed the trend immediately. Fresh new Wave has just started. One can be cautiously optimistic and it provides a good choice to buy at current level with a...
Definitely looking to trade some gold this week, We've entered the regional supply region, I believe price will seek the institutional safe heaven of 1900.000 in order to collect balance.
Price is currently trapped within the 2h liquidity pool within 1930, let's see how the market develops on the opening.
RR potential 1:16
Following the current bullish trend, the minor bearish wave on lower timeframes is coming to a halt. Gold is supported by the strong level at 1920 and 1900 respectively, which will be enough volume to see it soar towards 1953 and 1980, the remaining porting of q1 2023. We will have to wait and see how these two support levels behave before entering long and daily...
Candlestick with Trendline with Moving average with Chart pattern with Elliott wave with Harmonic patterns study with copper
i just want to show here it does'nt matter what you know what you use.its important how perfect you are in your study.
why i ve buy this @ 620 on sept expiry.
and what my next view...
Very Crucial Level for dollar #DXY if its returned from this level we may see big rally and supose if it breakdown this level there will be very deep downside and #Gold XAUUSD will rise to new high if dxy break this multi week demand zone .
Trendline is already broken lets see wether dollar takes support here or not .
#Dollar #Gold #XAUUSD
#GOLD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance...
After a long bearish phase the gold has entered in a nearby old institutional buying area and again smart money has started building there positions.
there is high chances that it will retest the ''smart money'' area and then we may see again a mid-term bull run in gold.
copper how simple is this above range is just equal to down channel range
we buy @ 620 on 28 september 2022
jo hona hota hai wo hota hai
triangle and today triangle target hit with our final target.
