XAUUSD1! trade ideas
GC1 LONG "GOLD"gold is in a correction area
when he break the correction pattern we can buy .. target the last high
gold trade GC1price tried to break above1680 but price failed twice on 30min timeframe
and we can see double top rejection or M pattern
after higher low price formed ascending channel and there is a bearish divergence in rsi
we can trade R:R by 1:1.5
entry 1668 sl 1672 tr 1661
gold chart says....waitif it goes up from here then we will see a good action
if goes down then a different kind of action took place and need some new working
let's see
GOLD FUTURESGOLD is continuously selling and rejected again and again from the trendline and levels 1700 and 1600, making it rangebound
any side of the above levels can lead to a good target. the lower side is going to be the target up to 1620. the upper side is gonna be 1720 to 1740 and so on....
gold shorting opportunitybreakdown > pullback
breakdown and pullback on gold, can short gold on smaller breakdown
Gold Gold may reach to 45000 soon in this bear market, be ready for buy opportunity in this market, because market always goes upside
gold broke trendline for downside.Gold broke trendline for down side after long consolidation and may test 45000 level in 4-5 months.
only for information and education purpose. please consult your adviser before investing.
#trading #india #chart #chartpattern #priceaction #technical analysis
#gold at crucial support MCX:GOLD1!
gold on crucial support if break then we might see 47500 sooner or later but at same time it is on support if sustain then daily TF candle play a critical role for swing long.
📝 If anyone facing any issues or not understanding anything than please ask your doubts in comments.
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GOLD Future Trend analysis commoditytraGold Future trading at consolidation range
Already double bottom and recovery from there...
GOLD Future BUY above 50538
once the trend line breakout go long in Gold Future .
GOLDWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
Gold Coming at a Important Price LevelGold is Giving Contradicting Signals at The Moment :
Bullish Case :
1. COT Reports are Bullish
2. Weekly Momentum is Still Bullish
Bearish Case :
1. Decline on Daily Chart Looks 5 Wave
2. Daily Momentum is Still Bearish
What to do then?
1. On Weekly Charts 1650-1675 Area is Very Crucial- It has horizontal solid Support Line, My Channel Bottom and 200 week MA support
2. It may just go Below 1670 to complete ABC Structure
3. So watch this area carefully - Make or Break for gold
4. BUT looking at COT Reports, i will be biased for Longs and wait for Daily Momentum to turn UP.
swing Jan 27
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Gold Short Setupmight go as predicted. Backtesting
Trend Change setup of CHoCH okaY? trading view is that enough?
Gold Long ( 10 Aug)Gold Long ( 10 Aug)
RSI-49
Buy above- 52360
SL- 52200
Target- 52510, 52596, 52735
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Gold 1HJust placed my idea in Position drawing.
Red Zone: Resistance or Breakout Zone
Grey Zone: Repeated Hurdles (Support/Resistance)
Green Zone: Support or Breakdown Zone
Note: BUY above Red Zone
BUY at Green Zone.
SELL at Red Zone or Trail at Grey Zone
Just follow the Entry & Exit. Trail SL after 1:1 to Cost + Brokerage.
Also you can ask for my views on any chart.
Gold Long ( 08 Aug)Gold Long ( 08 Aug)
RSI-65
Buy at CMP- 51990
SL- 51901
Target- 52110, 52185
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Market Trends Market Trends
If you have been started to study the price action ,you may have heard of an " Market Trends" or "Type of Trends" or "Market Cycle" . Today we are going to take a small look at the each trend, along with few examples. Later we will publish the whole trend concept.
Please remember this is an educational post to help all of our members to understand concepts used in trading or investing.
Introduction
Type of Market Trend/Cycle
1) Uptrend/Advance Market (Bullish)
2) Downtrend/Declining Market (Bearish)
3) Accumulation at Top ( Range Market)
4) Distribution at Bottom (Range Market)
Few Examples Below
1) Uptrend/Advance Market (Bullish)
Usually in the Uptrend market, the price will not break the previous support level (Higher Low), It can retest but it will not break the previous support level. If support breaks then the trend will continues toward downside
During this trend phase investor/trader become more and more bullish .
2) Downtrend/Declining Market (Bearish)
Usually in the down trend market, the price will not break the previous resistance level (Lower High), It can retest but it will not break the previous resistance level. If resistance breaks then the trend will continues toward upside
During this trend phase investor/trader become more and more bearish .
3) Accumulation at Top ( Range Market)
It is First stage of market cycle.During this phase investor/smart investor will start accumulate the position in a bounded range. This trend phase indicates that a fight between the buyers and sellers,at the end buyers will take over the seller.
Breakout Characteristics - High Volume (Demand) and Bullish Candle
4) Distribution at Bottom (Range Market)
It is Third stage of market cycle.During this phase investor/smart investor will start distribute the position in a bounded range. This trend phase indicates that a fight between the buyers and sellers,at the end sellers will take over the buyers.
Breakout Characteristics - High Volume (Supply) and Bearish Candle
Thanks for reading!
Gold Short ( 04 Aug)Gold Short ( 04 Aug)
RSI-63
Bearish engulfing candle
Sell at CMP- 52020
SL- 52225
Target- 51768, 51680
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
#Gold Short ( 01 Aug)#Gold Short ( 01 Aug)
RSI-49
Gap down, RSI divergence
Sell at CMP- 51380
SL- 51550
Target- 51185, 51060
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
#mcx #commodities #commoditycall
Sell Gold for Target T1 - 51000, T2 50775Sell on Gold as it is moving from Top and not sustaining. two Target T1 - 51000, T2 50775
