GCG2021 trade ideas
GOLD - FutureWill it break resistance OR again it will test lower support ???
Breaking resistance and sustain above 46600 will forward it till 47750. Above 47800 expect price movement till 49000
Lower support at 45860, Strong support at 44150.
Gold Mini fut CMP 46230 buy @ 46200 - 46100 for Target 46300-Gold Mini fut CMP 46230 buy @ 46200 - 46100 for Target 46300- 46500- 46600-4670++
SL below 46000
Gold Longopen==low on daily
price crossing 21 dema
range consolidation breakout
high probabilities to retest resistance
Gold in a crucial level. Watch out! Gold in make or break level. Enter only after the confirmation candle (Weekly).
RSI is in the overbought zone!
Gold good short candidate.Gold fut cmp 46750
Good resistance around 46700-46900 range
Rsi bearish divergence,,
Rsi rising wedge breakdown,,
Early sign of revers seen,,
View gets violated above 46900 on hourly closing basis
Good short candidate
Gold - Next set of movesGold may take support of 61.8% fib around 44600 as well as the trendline and start wave A move expecting a target of greater than 45K in this move. Post which the next wave targets shall be decided.
GOLD- My POV The Indicator Used:
1) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
H/Blue Candle: Selling Divergence
L/Yellow Candle: Buying Divergence
2) Daily Lines Plots Daily 50 EMA (GREY) & BLUE (200 DAILY EMA ) On Lower Time Frame Charts.
3) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
PANEL 2:
COMEX Gold Price Trapped at Control PriceGold futures preparing to come at $1740 - $1750 - $1760 . Day traders must wait for a breakout of the control price line before entering.
The uptrend will end whenever the gold spot price breaks strong support.
Is Gold Going To 45700 Or Higher?The chart above indicating a clear uptrend continuation. We may see sideways movement before it hits the top of the rectangle.
According to the Darvas box ( rectangular formation ), MCX gold will move upward gently this week. Hence, intraday traders can jump between the range of 45200 - 45300 .
Targets: 45560 - 45680
If gold breaks the bottom of the rectangle, don't buy. And wait for my next update on the gold.
Right time to invest in GoldRight time to invest in Gold
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Gold 45418 - Consider buying gold 45418Gold 45418 - Consider buying above 45350 as signals are positively diverged and good accumulation for Target 47000.
GoldmSell : Either below 44150 with sl above 44250
or
Sell on Rise (Near 45800) with Sl above 46050
More downside possible
upto 41000 levels
gold bearish flag formation gold forming bearish flag in day chart can expect a good fall if break this...
GOLDM-ShortGOLDM short around CMP (Note it's GOLD mini)
I have entered @ 44560
SL: 60-70 points
TGT 180 points
GOLD Short term ViewMCX Gold is currently trading in a rising channel.
Breach of this channel can likely see a target of 44510 followed by 44270
Gold probable channel Breakout Enter with STOPLOSS if Breakout happens, STOPLOSS as per your risk appetite.
Enter during retracement and trust in your STOPLOSS, never exit in panic and never enter in excitment !
I love drawing patterns as they are the most reliable strategy for intraday, longterm and short term.
Gold - Pattern break expectedIn higher time frame price following the channel pattern and in the above analysis price formed a pattern and its almost time to break.
Two possibilities explained in the chart, just wait until the breakout.
Bearish view This is Gold chart
Gold make a high of 55943, after that gold make lower low on weekly basis
It's not good time to invest on it
When its cross 47000 then it can be buy
But if gold make low and low then we can see the price of 42000 to 38700 soon
