MCX Gold 1Day time frame 48648 Resistance 46617 Support 1 44036 Support 2
GOLD: should maintain the level of 1600 & regain the level of 1750 . Losing 1600 will raise concern & the prices may continue falling. However the internal structure suggests that it should give a push on upside. Buy only Above 1750 closing basis with SL of 1600.
• Downtrend occurred. • Tweezer bottom pattern spotted. • RSI confirms that at the time tweezer bottom formed, the stock was underbought. * Educational Purpose Only * NSE:JINDALSTEL
Gold against dollar , pair trending lower for several week from year started, now its almost ready to touch the support at 1655 price zone, we have to wait to witness a bounce back..but Dominating USD affects the Gold moves.. Analysis only for education purposes
Gold Comex is trading near channel support levels of 1680-1690$ One can Go Long at these levels, Also its trading at 20 Months average of 1691$ per ounce. We may see commodity resuming its uptrend.
If low of march-03-2021 is held then gold will again move towards ATH of 2000+
Major resistance: 690/675 Major support: 665/650 The Indicator Used: Panel 1: 1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) Also On Lower Time Frame Charts. PANEL 2: 1) Valuation band KEYS: Red Faded Cloud: Over Valuation. Grey Faded Cloud: Proper Valuation. Green Faded Cloud: Under Valuation. 2) TE-REKAB - Proprietary...
Silver Sell 67300-67350 SL 67720 Target - 66800, 66300, 65800
Gold’s sustained trading below a horizontal area established since May 2020 gained support from Treasury yields rally to direct bears towards a falling trend line from August, currently around $1,680. However, the $1,700 threshold can offer an intermediate halt whereas double bottoms marked during May and June of 2020, near $1,670 could test the gold sellers...
BUY GOLD @ 1708 likely TGT 1800+++ by Friday Close
BUY or SELL? Not clear, just act when the time comes. No need to rush. There will be a safe price for us to use our money. In this article, I will write 3 parts: (1) Summary of February (2) Prepare for long-term orders and (3) Short-term orders. Summary of the gold trading orders in February Order 1: Sell at 1845-1840, TP 177x. Order 2: BUY from 176x, TP...