GOLD Trading ideas !gold currently facing resistance at 47300-47500 and trying to breakout this zone and volume higher than 21 DMA
keep this in your radar with SL as support zone
XAUUSD1! trade ideas
Gold Mcx Buy for long in dipgold running in corrective pattern continues,
so may be good reversal after completed this pattern.
so can be good buy position at support level as 45900 for long.
if price close below 45500, then try to exit form buy at entry point,
and wait for good buy position for long at good support level.
Gold Dec LongGold Dec Long
short term resistance breakout
support at 50 Day EMA around 46850
Buy at CMP- 46980
SL- 46750
Target- 47190, 47320
Join us, Learn more, Earn more
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
GOLD MCXGold has possibly completed its complex correction in wave II and now it looks like wave III is unfolding, today it has given breakout from the down sloping resistance trendline, along with macd positive crossover and uptick in daily time frame, other indicators are also giving positive signs of uptrend at breakout point, as wave III unfolds, gold can possibly rise higher towards 52000 and more, one can go long at these levels or in dips ( if any ) with key levels mentioned on chart.
wave struchture could be like this
key levels are mentioned on chart
macd in weekly
macd in daily
ready to bbc
rsi in daily uptick and ready to cross above 60 levels
dmi adx positive ungali
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
Buy Gold at CMP 46000 sl 45777 tgt 46444 46555 46666 46777 46999The current trend in XAU/USD seems positive after bouncing off its long-term area of support (1752 – 1763) but gold is likely to struggle to find bullish momentum whilst below 1790 utill it cross and stay their.
A break above this area would place buyers in a good position to try and tackle 1800, at which point resistance is likely to be met on the way up to the 61.8% Fibonacci at 1834.
GOLD IS WAITING .on daily time frame rsi is showing +ve divergence.
although market shows -ve for gold but, festive demand and china crisis for energy & realstate might push gold.
waiting for one green candle.
MCX GOLD TRADINGYellow metal on MCX may remain volatile, traders can take a short positions.
CMP : 46635 at 1:15 (IST)
Stop Loss : 46810
Target : 46225
On th October, MCX Gold DEC Contract made a low of ₹ 46477, which is expected to be broken by today or tomorrow amidst a firmer dollar and a rise in US Treasury yields weighed on the precious metal’s appeal.
Yellow metal will remain under pressure this week.
Buy on dips strategy could work for both the precious metals.
Buy zone above - Rs 46,850 for the target of Rs 47,300
Sell zone below - Rs 46,500 for the target of Rs 46,200
December Gold closing price - Rs 46,757, Support 1 - Rs 46450, Support 2 - Rs 46,300, Resistance 1 - Rs 46,850, Resistance 2 - Rs 47,125.
MCX:GOLD1!
Gold Dec LongGold Dec Long
Taking support at lower level
Hammer candle
Buy at CMP- 46700
SL- 46400
Target- 46950, 47100
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Gold Mini levels...04/10/2021 (1hr Candle)Goldmini forms bearish hormonic pattern but not breaks support ...so will wait for breakout either down or upside after only decide the trade
MCX Gold Price Limited Downside, Big UpsideMCX gold has started falling since 1st June, and it's moving under a parallel channel. But this time, it can break out this channel. Why? I will explain it through Elliott wave projection in the next update.
In the last trading session, it made a Doji candlestick. And that's a sign of trend change. If gold does not break the crucial level, then it can drop up to 0.382 to 0.236 .
In simple words, short-term targets: 46200 - 45960 - 45765
And for long-term traders: 45600 - 45060
But, the uptrend isn't far away. If gold does breakout of 46860 level, then we may see 47276 - 47600 - 47960+ .
Don't get confused! You have to watch out the level 46860 for an uptrend, and the closing price below the Doji candle indicated a bearish trend signal.
This week we may see higher fluctuations due to upcoming economic events. Watch the following significant releases or events that may affect the movement of gold, silver, crude oil, & natural gas:
Monday, Oct 04, 2021
15:30 OPEC Meeting - Medium Impact
Tuesday, Oct 05, 2021
19:30 ISM Non-Manufacturing PMI (Sep) - High Impact
Wednesday, Oct 06, 2021
02:00 API Weekly Crude Oil Stock - Medium Impact
17:45 ADP Nonfarm Employment Change (Sep) - High Impact
18:30 FOMC Member Bostic Speaks - Medium Impact
20:00 Crude Oil Inventories - High Impact
21:00 FOMC Member Bostic Speaks - Medium Impact
Thursday, Oct 07, 2021
18:00 Initial Jobless Claims - High Impact
20:00 Natural Gas Storage - Low Impact
Friday, Oct 08, 2021
18:00 Nonfarm Payrolls & Unemployment Rate - High Impact
GOLD right time to buy
MCX:GOLD1!
could see starting of long uptrend.
SL- previous week low
-on weekly suport.
- .618 fibsupport of previous swing low & high
-good risk reward
please note this is weekly TF.
#the_pravin #simplepriceaction #notoindicator #nakedchart #swingtrading
Gold Dec LongGold Dec Long
Flag Pattern Breakout
Buy at CMP- 46450
SL- 46190
Target- 46685, 46780, 47030
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
GOLDLong can be initiated if close is above yesterday's high with SL of yesterday low. On chart it seems that trend is towards downside but on other side of table it may be trying to flush out weak hands. It has broken previous support and close below that also and now it is coming up again.. it may be a bear trap..
#GOLD1! Drifting LowerGold is drifting lower quite comfortably. Heading to the Fibo Tgts given previously. Bullish only if it can cross 47XXX
Gold Oct LongGold Oct Long
Double bottom chart pattern
short term trendline breakout
Buy at CMP- 45950
SL- 45745go
Target- 46130 , 46220, 46335
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
gold at make or breakA triangular pattern is about get completed on daily chart.
rising dollar putting pressure on gold prices but their is higher chances is may go up before festive season.
instead of entering in any trade one should wait for confirmation.
momentum indicators are in week zone.
Gold Oct ShortGold Oct Short
Sell at CMP- 45970
SL- 46215
Target- 45800, 45670, 45415
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
gold might be bullish 1. gold is making triangular pattern on daily chart.
2. 45810 is support line. immediate target 46740.
3. RSI show a positive divergence.
NOTE: one should avoid entering in buy trade if USDINR show green light.
Gold Oct ShortGold Oct Short
Sell at CMP- 45975
SL- 46102
Target- 45800, 45645, 45400
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
GoldGold made a bearish triangle pattern on the "Weekly Time frame", even it close below 45600 level
gold future oct2021clear buying indication now it's giving us. if anybody wants to make position on gold future Oct 2021 please buy at that time. It's a golden opportunity to buy gold...in short tream .
these are the target 45869,45980.46148.46273.46475.46551.46697
and also when you buy gold you can also hold for some days and enjoy your journey. there is 80% chance to achieve the target...
