Gold Dec Long
Buy at CMP- 47430
SL- 47280
Target- 47830, 47985, 48130
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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.
Yellow metal on MCX may remain volatile, traders can take a short positions.
CMP : 46635 at 1:15 (IST)
Stop Loss : 46810
Target : 46225
On th October, MCX Gold DEC Contract made a low of ₹ 46477, which is expected to be broken by today or tomorrow amidst a firmer dollar and a rise in US Treasury yields weighed on the precious metal’s appeal.
Yellow metal will...
Gold Dec Long
Taking support at lower level
Hammer candle
Buy at CMP- 46700
SL- 46400
Target- 46950, 47100
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
MCX gold has started falling since 1st June, and it's moving under a parallel channel. But this time, it can break out this channel. Why? I will explain it through Elliott wave projection in the next update.
In the last trading session, it made a Doji candlestick. And that's a sign of trend change. If gold does not break the crucial level, then it can drop up...
MCX:GOLD1!
could see starting of long uptrend.
SL- previous week low
-on weekly suport.
- .618 fibsupport of previous swing low & high
-good risk reward
please note this is weekly TF.
#the_pravin #simplepriceaction #notoindicator #nakedchart #swingtrading
Gold Dec Long
Flag Pattern Breakout
Buy at CMP- 46450
SL- 46190
Target- 46685, 46780, 47030
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Long can be initiated if close is above yesterday's high with SL of yesterday low. On chart it seems that trend is towards downside but on other side of table it may be trying to flush out weak hands. It has broken previous support and close below that also and now it is coming up again.. it may be a bear trap..
