Timeframe: 2 hour
Just a idea
As per the gobal news
Technical selling pressure observed in gold and silver markets amid a lack of fresh fundamental news.
Economic data this week, especially PCE data, could influence gold's trajectory.
A weaker inflation reading may encourage a more serious debate on the timing of potential rate cuts, potentially...
When the market opens, watch for the following moves on a 1-hour timeframe:
📌 Bull above: 61893
📌 Bear below: 61828
📌 Gold is indicating a rejection of the supply zone, with a bullish sentiment above 62200 and bearish below 61800.
📌 Will update chart once market is open.
Sovereign Gold Bond
Scheme 2023-24 Series IV opens:-
Sovereign Gold Bonds (SGB) are back, and the first such issue in the calendar year 2024 launches on 12 February 2024. The Reserve Bank of India (RBI) has set the issue price at Rs 6,263 per gram of gold. The public issue will close on 16 February 2024. SGBs applied for under the 2023-2024 Series IV will be...
hello guys,
gold on daily chart is showing signs of breakdown, you can sell here with sl at upper trendline for targets 61640-60100
disclaimer: i have shorted 2 lots on just befor closing today
As we have talked in past post
#DXY is high and after CPI result it has break up side.
same for #USDINR #US10Y
Till it has chance to more fall and here i have added some supports in this post.
you can find your levels and analysis then take trades.
More to indian market has looks fall to come soon as it making pattern like that but all game of news and data...
#DXY is going up
#CrudeOil is going up
#USDINR becoming weak
Vs #Gold in Indian rupee should be weak or might be seen correction or fall
Though on chart looks head and solder type pattern but also looks triangle patter which might give up side breakout. So do you homework before take trade in gold
Have a great day!!!
62500 this wicked or inverted hammer , let the price run through this liquidity
next in middle of somewhere between 62350 - 62500 if there are any FVG imbalance between big candle take trade when it fill the FVG or gaps with stop loss of major swing low and target 62700 book half and rest let it run until it retest 63200
Bullish Pennant Pattern is building :
If Gold gives a breakout above 63300 then it may touch 70000 n more.
If it goes below 61500 then upside will be restricted and a downside fall will start.
The Bullish Pennant Pattern:
The bullish pennant emerges post an uptrend, forming a small symmetrical triangle (the pennant) during consolidation. This pattern...
today fed results--- expect no change in rates so mkt will continue with trend-- eys on 2028$ if stya blw thna expect dwn 2022--2018 or blw 2016 than nxt move 2004$ in mcx 62300 eys on stya blw will take dwn 62220--128-- than after 61900+++++ where hurdel 2040$ if sustain abv than nxt up side 2050--2065$ in mcx 62600 stya abv than nxt up side 62720--800 than...
gold spot blw 2031$ looks dwn fall till2028--2022$ usd index looking bull abv 103.30 till 103.50--103.80gold blw 62500 looks dwn fall only sell on rise with tight sl 62559 tgt 62380--300+++++
gold spot blw 2021$ in mcx 61900 stya blw look dwn fall 61777-600 in cme spot 2012--2005$ dxy index abv 103.50 more power will show till 104--104.40 yes more update stya tuned with us
