Weekly chart shows gold mildly bearish as both VI and stochastics are overbought. But same setup is bullish in daily chart, so it would be safe to sell on a rise.
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
📊 GOLD 05 FEB FUT LEVELS
📊 Day Range: 318 Point
📈 Buy at 61678.52
🎯 Target 1: 61965.52
🎯 Target 2: 62087
🔍 Add one lot at 61641
❌ Buyer SL: 61553.48
📉 Sell at 61603.48
🎯 Target 1: 61572.48
🎯 Target 2: 61451
❌ Seller SL: 61728.52
Resiprocate your love by sharing, following and commenting. Trade with trends to turn green!
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
gold spot eyes on 2016-14$ in mcx 61750-720 blw nxt dwn rally will occur soon till 2002-1980+++ in mcx 61540--377+++++ yes 4th hrs trend line support close eyes break or not if support hold than dedcat bounce expect again
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
gold spot blw 2037$ in mcx 62280 stya blw looks dwn fall till 2032--27$ in mcx looks dwn fall 62202--62150 thna after 62020 expect before any attempt to rise more lvl stya tuned with us
Finding a foothold at 61960 , MCX Gold prices hinge on a crucial juncture. A crossover and break today could lead to target prices of 61860 , 61760 , and 61560 .
The range of 62360 - 61960 holds paramount significance for day traders, potentially game-changing. Breaking 62360 may pave the way for an attainable target at 62660 , with further implications...
TimeFrame: 2 HOUR
Strategy: SHORT
Potential selling opportunities in the gold market. The plan involves initiating a short position if the price reaches 62330, with a target set at 61876, representing a potential decline of 353 points. In the event of a sustained bearish trend, a further downside target is considered at 61770. This analysis is based on technical...
gold spot stya abv 2052 looks up side 2058--62++++ were support 2044$ if trade blw thna again dwn 2040--33$ in mcx styaa bv 62550 looks up side 62680--800++++ expect
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
#Gold Setup For this Week
📊 Time Frame : Daily
📉Strategy : LONG
📆 08.01.2024
As observed, gold formed a significant liquidity gap between 62640-62720 and a second one in just 4 days. The gap created on January 2nd led to a drop in gold prices to 62180.
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5888 - 57500 will be investor buying zone , which is 6-8% away from friday close,
and for trader they been looking the triangle pattern breakout
would rather wait and buy
instead of shorting the gold (following the long term trend)
based on my fib projection the price here has reached overbought zone which needs a correction for futher continuing the uptrend...
