After a wild crash and panic sell-off in crypto markets, big institutional investors are dumping Bitcoin and coming back to Gold. After this crash, Gold has given a good breakout from Cup & Handle pattern and bulls looks solid for the upcoming months so GO LONG on Gold! All levels are mentioned on the Chart.
Gold 48100 - On May 9 when gold was at 47751, we suggested Gold would test 48650 around 17 May. It hit the near target of 48499 ( Just less of 150 ) on May 17th.
After a long down trend a breakout is seen on that daily chart of GOLD, one can go positionally long from here or wait for a retest of the support level to get a better risk to reward ration.
Retail investors are advised to invest via ETFs and as per the price movement near to resistance.
Breakout may be seen soon. Moneyflow near 30 on weekly chart. Entry only if take support at 46300 And many other fundamental factors will ride the momentum. Bullish view.
#GOLD has found the support above the trendline. Now it's looking bullish and most likely to test ATH in near future
A possible up-move only if it breaks above 46825-46840 range.
Reasoning for long bias on chart. Close is higher than previous week's close. Long tail indicates weak bulls have been shaken out last week.
look at the chart it will answer all ur questions follow stop loss and happy money making
Good evening friends we are expressing our view on gold mini future June 2021 important levels are shared in the video kindly see and provide feedback. Regards.
GOLDPETAL1! | Another 100 points opportunity (1 Gram chart) I expect upside / bullish breakout because i see RSI divergence and W / Double bottom aswell CMP : 4673 (Dip 4660) SL : 4640 Target : 4770 1:3 risk reward setup
Gold mini June futures short SELL at - 47560 SL-47710 Target- 47434, 47272, 47119 Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
GOLDPETAL1! | RSI divergence - Looks good for 75 points CMP : 4655 SL : 4640 Target : 4720 1:5 risk reward setup