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Gold Dec Long
Buy at CMP- 47960
SL- 47600
Target- 48345, 47470, 48580
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🟢 MCX:Gold future has given a #SymmetricalTriangle breakout on the weekly scale.
🟢 Weekly RSIStairs breaking out above 55. Bullish for a #ShortTerm to #MediumTerm
🟢 Looks good to buy #GoldBees for #PortfolioBuilding #Investment till its above 40
Gold Dec Long
Trend is still positive
Buy at CMP- 47411
SL- 47130
Target- 47830, 47985, 48130
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Gold on MCX is very bullish this month. Since October 1st, Gold rallied from ₹ 45800 to ₹ 47800 today on MCX. Gold has a major support at 47850. Currently Gold is trading around 47800
Conclusion
If you are a trader then you can have a short term short call in Gold, target can be seen upto ₹ 47400. Make a strict stop loss of ₹ 47880
Gold Dec Long
Buy at CMP- 47430
SL- 47280
Target- 47830, 47985, 48130
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
gold currently facing resistance at 47300-47500 and trying to breakout this zone and volume higher than 21 DMA
keep this in your radar with SL as support zone
gold running in corrective pattern continues,
so may be good reversal after completed this pattern.
so can be good buy position at support level as 45900 for long.
if price close below 45500, then try to exit form buy at entry point,
and wait for good buy position for long at good support level.
Gold Dec Long
short term resistance breakout
support at 50 Day EMA around 46850
Buy at CMP- 46980
SL- 46750
Target- 47190, 47320
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Gold has possibly completed its complex correction in wave II and now it looks like wave III is unfolding, today it has given breakout from the down sloping resistance trendline, along with macd positive crossover and uptick in daily time frame, other indicators are also giving positive signs of uptrend at breakout point, as wave III unfolds, gold can possibly...
The current trend in XAU/USD seems positive after bouncing off its long-term area of support (1752 – 1763) but gold is likely to struggle to find bullish momentum whilst below 1790 utill it cross and stay their.
A break above this area would place buyers in a good position to try and tackle 1800, at which point resistance is likely to be met on the way up to the...
on daily time frame rsi is showing +ve divergence.
although market shows -ve for gold but, festive demand and china crisis for energy & realstate might push gold.
waiting for one green candle.
