GoldM CMP is 47159, has the potential to go down to 46513.
There is trend reversal from bullish to bearish in one day candle with huge volume breakout. CMP: 4730 Target: 4290
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MTF Donchian middle Heiken ashi of present time frame
Short Sell... 30 min. candle breakdown the trend line.. for intraday or short swing
Gold 47532 - Pattern suggests bearishness. Resistance @48511 - 48669. Consider going short below 47837.Target 46000
Gold M fut CMP 47468 - buy @ 47380-47400 **(Small Risky) safe Players buy above 47520 - 15 min candle closing basis for Target 47600- 47750- 47890- 48000+ SL below 47100
Buy in dips at $1775 sl $ 1755 target $ 1837- 1848-1856 Disc : it's not an investment advice to buy or sell
MCX gold is approaching a very important channel resistance on a daily chart approximately at 49000. A break off same can open doors for potential upside.
Gold in 15 min time frame Pattern - Cup & Handle
For a safe target of 5% Tg :4999 Disclaimer :- For educational purposes only.
Gold has broke its trend channel and successfully retested it. As per the observations if any chart broke its trend channel it provides an equal target which has been consolidated. So we can see a target around 50,000 in coming weeks.
Buy at cmp 1767 and in dip at 1755 sl 1730 target 1850. Disc : it's not an investment advice to buy or sell
The above is the my style of looking into the opportunities in the triangle pattern. Only after good time spent on this pattern will make things easy for you to take this trades. Always . . Take a pattern, spend more time on it, when you get used to it, you will start fall in love with it, when you love it you know about it well !!! That's the magic.
After taking support at the 50% Fibonacci retracement level ( ~44000), Gold has shown a definite reversal on the chart. This observation if further strengthen by the momentum indicator- RSI, maintaining stance above the level of 30. On its way uo, Gold is now faced with a two-fold resistance. One, from the 38.2% retracement level of the previous trend and two,...