GOLD is on a bearish run braking all Moving averages on the way from 10EMA,50EMA,100EMA& 200EMA.On its way to test 56000 ? any breach and below 56000 likely to trigger to fresh selling slide towards 54000
Hi friends, Sharing an trading idea on Commodity Gold futures on daily chart as we can see that after hitting all time of 61800 levels all the way it came down 57900 (considering strong support) levels and took support there and resume rally again to 60000 levels with created a double top on this chart.
So currently it is trading near to that support and seems...
Gold fell for a sixth straight day to the lowest in almost seven months, as the metal continued to test lower levels following hawkish signaling by the US Federal Reserve (Fed).
Treasury yields climbed on Monday after a US government shutdown was averted over the weekend, pushing gold down to the lowest since March.
The metal fell 4 per cent last week as a...
Gold can fall to the level of 56097 with a small resistance at 56815 in the short term. Short term is negative on Gold and can wait for level 56000 to buy if it consolidates at this level. Otherwise buying can be seen only at 55000 level in short term as of now. This is for the short term and will wait in case further downside is seen even after reaching the 55000...
GOLD is in bullish mood
Symmetrical triangle Pattern
Time frame for analysis - 4 hr
Strong bullish candles found inside the triangle
T1- 59262
T2 - 59656
SL- 58770
This chart is only for educational purpose do your study before taking any trades
did u see gold bwl 1913 hit 1880$ ow eys on 1875 if stya blw or cls blw 2days will see 1850--36$ where uper hurdel 1913$ abv only mkt bull zone-- in mcx 57700 hit or dec 58380 hit now eys on 58300 stya blw or close blw 2days dec contrcat will see 58000--57800++++ first eys on lvl
Gold is expected to take a bounce from the 57500 support level.
If gold fails to sustain above 57500, it could fall to touch 57250.
The fall in gold is due to a stronger US dollar, higher treasury yields, and the upcoming US Federal Reserve rate decision.
Analysis
Gold has been falling in recent days due to a number of factors, including a stronger US dollar,...
This recent up move is just a pullback
which did not retested out ob
it is heading back to retracement area of 0.7 and 0.5 lvl
but for short time gold is like to hover within 0.5 - 0.7 level (59665 - 59385)
and there after there is resistance above at 60150
cant fit in with good risk to reward for investing or value buying
better to avoid fomo
59970 and...
Reason for Fall - Due to the strengthening of the US dollar, metals came under pressure.
Technically, a falling wedge pattern is forming, and the market could break out at any time.
Astrologically, market sentiments are upside for the coming sessions, based on current planetary positions and movements.
Next Support between 58000- 57800
Gold Mcx
Hammer found near support
Target - 59259
Stop Loss (Closing basis 1hr time frame) - 58670
Risk - 1
Reward - 4
Disclaimer - This chart is only for educational purpose Do your own study before taking any trades
gold spot stya abv 1929 thna expected touch 1933-38++++ in mcx 58950 if sustain abv thna looks 59100+++++ where if hold blw 1929 thna again dnw side 1922-19++
Trend analysis is a technique used in technical analysis that attempts to predict future stock price movements based on recently observed trend data. Trend analysis uses historical data, such as price movements and trade volume, to forecast the long-term direction of market sentiment.
Gold prices are expected to trade in a range of 56,000-58,500 rupees per 10 grams this week, with a downside bias. The US Federal Reserve's commitment to a more aggressive monetary policy stance is likely to weigh on gold prices in the near term. However, gold could find some support from a weaker rupee and rising geopolitical tensions.
If gold reaches between...
Technical Explanation:
Gold is currently in an uptrend, as evidenced by the higher highs and higher lows that it has been making. The 59400 level (R1) is a key resistance level that gold needs to break through in order to continue its uptrend. If gold is able to sustain above 59400 (R1), then it will be a bullish signal, and further levels can be expected.
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