All information mentioned in the chart. *This is for educational purpose only. No trade should be taken without proper Risk Management*
BUY GOLD ABOVE 50300 TGT 50800 INTRADAY
TGT 50580/50800 IF GAPUP OPEN WAIT DIP AT BUY 9838538130
MCX Gold is collapsing after making the all-time high of 56191 (swing high). It has created a parallel channel in December. Gold prices are rising here. If gold breaks the dynamic resistance without fakeout, it can touch 5 1000 - 52000 - 52384 levels at the beginning of 2021. And if gold breaks the parallel channel and retracement value of 0.618 , it will...
Buy Gold On Dips With Strict SL Of 48600 (Weekly Closing Basis) For Target Of 56000
Gold is bouncing from the hurdle (support). And if we look at the Gold Spot, the RSI is bullish and calls for further upside. Hence, MCX traders can buy for the following targets: 50060 - 50120 - 50200. According to MA, EMA, and DMI, it's bearish. If it remains below to hurdle, intraday traders must sell it for the targets of 49860 - 49800.
GOLD - Descending parallel channel pattern formation at day time frame
MCX Gold Guinea is making a triangle pattern. As per the ADX, the trend is weak and, +DI is above the -DI. That indicates an uptrend ahead. Additionally, 200 MA isn't broken. According to DMI & MA, we have chances to see 40260 - 40500+ levels. But, if you look at the triangle pattern, it seems bearish. We have more chances to see downward (huge selling...
Gold mini levels ...28/12/2020 (1hr candle)
GOLD descending parallel pattern formation at day time frame - short
According to this chart, gold has started falling from August month. Doji appearing in the last trading session. It's signaling a possible reversal. If gold follows the dynamic resistance, we may see a continuous downtrend. That can be up to 0.5 ( 47300 ) to 0.618 ( 45200 ) of Fib retracement. Fib retracement: Swing High: 56191 Swing Low: 38400 Here's...
Gold Mini levels ...21/12/2020 (1hr candle)