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)
i see a start of 3rd wave. if the wave count works right, we might see it reaching 60k within next 2-3 months.
49500 is looking to be the key level for the price to break to move further up side. Price above 49500 and sustains then one can look for buying opportunities. Previous behavior of price at these level is explained in pic, please have a look. I am away from the system so there was no updates from me, Will be active soon. Till then limited chart analysis will...
According to this chart, gold is further advance. Intraday traders can see 49860 - 50000 levels soon. We may see 50200 - 50400 in extension before the weekend. If gold breaks the support trendline, gold can collapse up to the trend diversion point (from 49560 to 49400 levels). Speculators can enjoy both rides. Once it breaks the support trendline, I...
Gold took support from Daily 200 Day Moving Average BUY GOLD ABOVE 48700, Day Closing Above This Level Will Make View Solid, Strict SL - 47500 (DCB), Target - 50300/51000
MCX Hold Breaks Head & Shoulder Pattern. we are Long at 49440 for Target Given
Overall, MCX gold is collapsing. Look at the chart, if it breaks a low of 48924, we may see freefall up to 48500 - 48360 . According to 50 MA, gold will try to push the upside. If we see the gold closing price above the second top of the trendline, it will start rising for the levels of 49760 - 50000 . Here ADX is less than 25 and 200 MA throwing a direct sell...
Gold mini levels ...07/12/2020 (1hr candle)