Probable long term elliott wave count on Gold. Gold may top out in the near future. We have one more wave up on lower time frame charts. Lets see how it goes. This is for multi-decade view. Don't look at it with Intraday goggles.
Did you read the 26 Jan 2021 article on Gold? Article: Don't Get Yourself Into a Bull Trap With MCX Gold Wherein I have highlighted a strong resistance (SR) which is 49280 . It has broken down on 14 Feb 2022. That indicates the MCX gold uptrend is unfolding here. If it consecutively remains above the SR, we will see the gold price above 51160 - 51740 . The...
The chart has given a nice breakout from a crucial resistance zone ,can be bought at cmp for Targets of 52100 and 52200. #PositionalTrade
Gold has finally given the breakout of ascending triangle pattern with RSI breaching above 60 and MACD crossover, and the target coming for that pattern is of 52000. I've given this call 1 week earlier, those who have trade my idea have surely made profit you could check that idea in the related link.
Welcome All , In this video i will disscuss on MCX GOLD MINI CHART with help of Ichimoku & Fibonacci.
Description : Chart of Gold is forming a beautiful triangle. Support Area : Break of triangle downside will lead to immediate support at 1680$ if this also breaks then 1480$. Resistance Area : Break of triangle on upside will lead to 1900$ and then followed by 2030$
WE ARE PRE BULLISH IN THE GOLD, I THINK THE GOLD is againe Heat.
Looks like #Darvas box breakout in gold. It was trading in ver narrow range since long time. Fresh close above the Box & follow up buying will confirm the breakout.
Gold is trying hard to give a breakout of ascending triangle @48912 after which could move towards the target @52176 i.e. a rally of more than 6% !!! . There is also MACD crossover with a positive histogram a damn Bullish signal !!!
GOLD was in down trend by BAT pattern expecting a fall and if gold goes down nifty goes up so expecting nifty to get up trend
Gold could Break On Either Side on Weekly Charts. Any side break could give $175-250 Move. With RSI above 50 and COT Index Bullish, i am having a slight upside bias. Lets see
Gold MCX Trading Rangebound market using Mi-1 Wave price Expect towards 48270
MCG is on a roll and approaching SMA, SL 1773 at cmp tgt 1791 1809 and 1831
gold sell chance. simple 8 pints will get in intraday.stop loss 2 poits or day high whichever is low.high probability trade will get.
GOLD: Volatility Contraction Pattern. Looks good one break the resistance level.
Something cookiing in gold mini. weekly contraction + traingle breakout on cards. rsi near 60 too once it breaches 60 can pick up some momentum. Detailed Analysis is given on chart
GoldM future is trading on a good trendline best buy around 48550 with small stop loss and big target RR - 1:3
DISCLOSURE This is only for educational purpose This is not a recommendation I am not SEBI registered Do not TRADE/INVEST basis what I publish here I am not responsible for your loss or gain It is prudent to assume that I have ulterior motives in publish this I and my clients might or might not have a position, I and my clients might or might not have a opposite position