Gold Future IdeaGold is also moving in a channel this is idea is of 4 hr time frame range idea will be provided in comment section read it with "gold month and beyond" ideaby Cool_BUpdated 0
gold range for current year, as of now dollar reached its monthly low level, gold is at its resistance level, silver also its support level all type of markets are on there edge and waiting for real direction which is possible in the month of February i am trying to give gold range for current year which is far more depending on stock market movements nowby Cool_BUpdated 1
GOLD (MCX)GOLD FORMING 5-0 HARMONIC PATTERN AND GARTLEY ON DAILY CHART SELL BELOW 56467 ONLY TG 53600 CLOSING SL 57170 GOLD forming 5-o harmonic pattern on weekly chart .and gartley pattern completed on daily chart Sell below 56466 with closing stoploss of 57200 above target 55200-54400-53500Shortby slkingyogeshUpdated 15
Gold - itching to shortSo, Gold has given a massive runup since the last update in November. The chart seems to suggest that there is a falling wedge forming. For confluence, I have taken into consideration GC1! & 2020 high. If it goes below 2020 high, then it will further go down.Shortby Akshay_bansal0
Gold Long (11 Jan)Intraday Gold Long (11 Jan) RSI- 55 Buy at CMP- 55890 SL- 55785 Target- 56015, 56094 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose. Longby ashwinjethwani14091
Trend Analysis and its Characteristics.MCX:GOLD1! What is Trend and how to identify it? A trend is the overall direction of a market or an asset's price. an uptrend is defined using peak and trough analysis. An uptrend is represented by a series of successively higher highs (peaks) and lows (troughs), while a downtrend is represented by a series of successively lower highs and lows. ->One can identify it by determining peaks and troughs. ->By using trendlines ->Price remaining above or below an overlay indicator. we can quickly identify the general direction of a market or an asset by looking at the price chart but what we have to learn is to identify the quality of the current trend and how we can do that, by gauging the strength of the trend. Here are some significant points which help us in understanding the mood and quality of a trend. The highest skill any trader can aspire to is the ability to read pure price action. 1. Cycle Amplitude Look for decreasing cycle amplitude in uptrends and downtrends. A decrease in cycle amplitude in an uptrend is an early indication that there may potentially be an underlying weakness in the uptrend. In a similar fashion, a decrease in cycle amplitude in a downtrend is regarded as a bullish indication. 2. Cycle Period A gradual reduction in the cycle period during an uptrend is an early indication that there may potentially be an underlying weakness in the uptrend and a gradual reduction in the cycle period during the downtrend is a bullish indication. 3.Average Bar Range A decrease in the average bar range in an uptrend and downtrend is an early indication of potential weakness in the current trend. -> you can track the bar range using the average true range (ATR) oscillator 4.Bar Retracement Symmetry A change in the number of bars in a retracement is also an early indication of a potential change in trend behaviour. 5. Average Candlestick Real Body to Range Ratio A gradual decrease in the real body to candlestick range is also an early indication of potential weakness in a Trend. 6. Angular Symmetry and Momentum Any change in the Angle of trend is significant:- i.) An upside acceleration in price is bullish whereas an upside deceleration in price is bearish ii.) A downside acceleration in price is bearish whereas a downside deceleration in price is bullish. #It should be noted that although an upside acceleration in price is bullish, the uptrend may not be self‐sustaining if the rate of ascent was excessive. Such rapid increases in price usually end in a blow-off or buying climax with prices subsequently collapsing. Similarly, downside acceleration in prices may also end in a selling climax. 7. Frequency and Depth of Trend-Based Oscillations When a trend moves with reasonable retracements not too short and not too big, it indicates a healthy trend which has profit taking along the way as the trend unfolds. Traders and investors tend not to react as emotionally and irrationally at higher prices where the risk of losing pent‐up and unrealized profit is greater. 8.Relative Measure of Consolidation Size and Duration Trend interruptions are more significant if: ■ Price formations are of greater magnitude (taller chart patterns). ■ Price formations develop over a longer period (wider chart patterns). Larger trend interruptions normally tend to lead to a greater probability of a reversal. In a strong uptrend, a larger head and shoulders formation would be deemed more bearish than a smaller formation. Similarly, a larger rounding bottom formation would be more bullish than a smaller one in a downtrend. In short, size takes precedence over form. Moreover, the longer it takes for a consolidation to unfold, the greater will be its disruptive power with respect to the trend, should a reversal occur. By considering these characteristics while analysing trend will give a in depth insight and helps in making more informed and rational decisions. I Hope you found this helpful. Please like and comment. Keep Learning, Happy Trading! Editors' picksEducationby SANJAYPATIDAR_4040714
Gold is in uptrend and it look a good entry level for upside.Gold made a flag pattern and the trend line is broke 1hrs time frame. fib retracement - took support at 38% Target 1 - 5548 target 2 - 5570 (I am on it) Longby iamgouravk1
Cup & Handle Pattern In GOLD. Breakout can give 10000+ rally!!!Gold Future indicating the cup and Handle Technical Pattern. According to the pattern if this gives breakout of 56200 level then expected next target upto 67150+ in long term. This pattern will fail if gold started trading below 52900. Can see gold as a good investment opportunity in this downtrend global market session. Disclaimer: This is my personal view on the GOLD. Consider this post as an education purpose only and not any type of recommendation. Consult your financial advisor before taking any investment decision. Longby TradZoo11
Gold - Longs Be Careful!!!Gold entering resistance zone PLUS COT reports Started Turning bearish, ALTHOUGH Just a bit. Read Commentary on Chartby PradeepRajput224
mcx gold MCX:GOLD1! gold showing tremendous uptrend with strong hand buying let see how far it will go. Longby bhautikkeshur1
was waiting for thisBeen waiting for this gap to be filled I am not bullish on gold in dollar terms but in Indian rupees I believe it can be invested in but I am neutral as of nowby TradegainerUpdated 2
GOLD next movegold looks strong and it took support today, expecting up move , lets seeLongby udhaya0000Updated 1
Gold Short Trade1. Weekly candle: Trend reversal ' SHOOTING STAR ' 2. Price at took weekly resistance 3. RSI Negative Divergence Note: A Chart pattern also made a pattern like ' CUP & HANDLE '. Follow the SL & maintain discipline.Shortby Madoxmay0
Bearish butterflyAs you seen in the charts that bearish butterfly is made so we will sit on short side.Shortby deepakjoshi00214
GOLDGOLD (MCX)looks good above 54000 TILL 55500 and above 55500 can go upto 65000 WEAK BELOW 52000 (if you are taking for the tgt 65000 then weak below 49600)Longby marketwala110
Gold: Ready to Shoot?Gold and Silver is money, everything else is credit – JP Morgan Primary Uptrend This guy is not just flaunting these assets but the primary trend in this chart unearths the truth behind his statement. Really strong trend since our childhood – of course not fully visible due to data limitations. A furious rally started since March 2020 dip and took it to 56191 from 38400 (46%) in just 20 weeks – perhaps the fastest one in absolute terms. Harsh Reaction Like any other bull run, this one also faced a harsh reaction from August 2020. Wiped out almost one-fifth of the gains (21% from top) in a 33week time period. Comparing to Mar2020 rally to the top, this reaction was bit slower in terms of time duration. 46% in 20weeks verses 21% in 33weeks. More than just a Pullback Gold pulled back near 50000 mark and created a psychological resistance zone. The pullback gained momentum after breaking this zone and retested all time high zone. This spike was more than just a pullback. The Second Reaction The second reaction started from March 2022 and ended near the prior psychological level 50000. So, resistance turned into a support. This reaction took 28 weeks but the reaction was just 12% from the March top. Comparing with the Aug2020 reaction, this one lacked momentum on the downside – as reaction was smaller in approximately same time period. The price-time analysis of both the reactions suggest that this time sellers were not very active and buyers were busy in accumulation at lower levels. Small and time consuming reactions with sharp rallies are good omen for investors. Momentum Rally The current rally from Sep end 2022 is very swift. The price may face some hurdles near major resistance zone of 56191 to 54789. If the higher low trend persists, there may be further congestion. Theoretically congestions lead to expansions and the bullish nature of the ascending triangle congestion (see chart) signals expansion in the upward direction. If that happens, an immediate target for the triangle could go around 67000. Thanks for reading and don't forget to boost/like.Longby Bravetotrade3328
Upcoming Trade set up (Counter Move Trade set up ) This particular Pattern highlight Counter Trend trading, in stocks this kind move will be choppy, whereas in commodity this move will be sharp and swift in action One can Look for daily set up for entry and exit based on your own methods Good luck Longby ShreeKrishna_FUpdated 1112
Golden opportunity to buy some GOLD!!GOLD: The idea for Investment point of view-- As per Elliott I have marked my numbering & shared it here.. Here wave 1 got terminated at the 32500 level & wave 2 got retraced till 26925, where it tested recent support. Wave 3 is in extended mode and got terminated at 56298 & wave 4 got retraced till 44073 ( as I am monthly TF, so I am expecting simple corrections) & currently I am in wave 5 Projections as per fibonnaci-- wave 3 got super extended as shared (extreme bullishness), and wave 4 got retraced to 38% level. Now, let's talk about recent resistance & projections-- Resistance, check TL and if we talk about projections it should be somewhere above 38% to 61% extended till 100% , both chart shared. Longby ShubhamKatiyar0
Gold- 60K+ possibleLooking at monthly chart for Gold, there are multiple technical parameters that are asking for a buy. After the top, gold fell to almost 44k which Fibonacci level of 0.618 on Monthly chart. It reversed from there and now forming a Cup and Handle Pattern along within a flag formation. This is a deadly combination for a big up move. This is important considering this is a monthly chart and has great significance. Considering this crosses 56K which is a strong resistance, it can move above 60K levels. Longby Chartworld10
Gold Short (28 Nov)Intraday Gold Short (28 Nov) RSI-32 Sell at CMP- 52370 SL- 52558 Target- 52150 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose. Shortby ashwinjethwani1409Updated 1
GOLD FUTURES - View and Levels for 29 Nov 2022GOLD FUTURES Intraday levels for Tomorrow.. Gold Bearish and Negative Sentiment = BEARISH Trend At Buyers zone we can look for BUY entry and SELL entry at Sellers area. Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support. For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle. Refer the chart for detailed Intraday Support and Resistance levels. Happy Trading!!Shortby ViVenTraders1