Gold Dec Sell
Bearish engulfing candle
Sell at CMP- 47940
SL- 48170
Target- 47755, 47628
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Logic
A Clear sign of breakout towards retracement
All Levels Mentioned On Chart
How to trade the setup?
When the chart says Long or Short at particular level, Put a Stop Order at those levels, Levels are strict
T1 : is Target 1
T2 : is Target 2
When you achieve your first target, book profits of 50%
and shift the stops to the cost
The term Catastrophe...
Gold Dec Sell
Sell at CMP- 47660
SL- 47850
Target- 47440, 47345, 47238
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Charts and views are only for educational purpose.
Silver Short
Unable to break previous high
Sell at CMP- 64340
SL- 64575
Target- 64050, 63725, 63300
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Gold Dec Long
Medium term trendline breakout
Buy at CMP- 48105
SL- 47820
Target- 48300, 48485
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Gold Dec Long
Took support on trend line
Buy at CMP- 47835
SL- 47620
Target- 48030, 48260
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Gold is giving buy opportunity around 47700
Gold has touched a low of ₹ 47584 today, if it sustained above 47750 then go for long with stop loss of today's low.
Target around 48250-48400 can be seen very soon.
Gold mcx
Descending parallel channel pattern breakout along with good intensity of volume,
along with rsi breakout and directing towards north.
Just to learn or educational purpose
One can go long at breakout with stop loss of breakout candle's low which is pegged at 46854
for targets of 47569, 48111, 48808, and 49558.
This is just a learning purpose...
Excellent opportunities are being created to invest in gold for the long term. Gold has been trading below the trade line for a long time, depending on the candlestick of the day. It is possible now to break this tradeline and go to the upper side.
Parton is making a gold flag based on the candle of the month. It also shows a bullish sign. New purchases from 48500...
1. Bullish Falling wedge pattern breakout
2. Big Volume candle above 20 MA
3. 20 and 50 MA crossover and price about 20 MA
4. RSI resistance at 60 - 3 times, high probability that it will break 60 this time (Read about RSI 40-60 setup for getting a deep understanding about it)
Although their is a selling wick showing rejection, considering other factors their is...
As you could see the price has closed above a very long and deep trend line which was respected past 1 year. So expecting a good and protracted move in Gold and related bullions.
Gold Dec Long
Creating base around 200 day EMA around 47330
Buy around - 47550-47600
SL- 47300
Target- 47760, 47868, 48010
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Charts and views are only for educational purpose.
Gold Dec Long
Creating base around 200 day EMA around 47330
Buy at CMP- 47550
SL- 47250
Target- 47680, 47760, 47868, 48010
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
