gold spot or mcx gold abv 2052 update blwgold spot stya abv 2052 looks up side 2058--62++++ were support 2044$ if trade blw thna again dwn 2040--33$ in mcx styaa bv 62550 looks up side 62680--800++++ expect
GCG2019 trade ideas
GOLD Technical Update || MCX || 11 - 12 Jan #GOLD waiting for CPI data to gauge momentum. Keeping an eye on key economic indicators for potential market shifts.
Gold till 62600 not break sell on rise On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
#Gold Setup For this Week || MCX || INDIAN MARKET#Gold Setup For this Week
📊 Time Frame : Daily
📉Strategy : LONG
📆 08.01.2024
As observed, gold formed a significant liquidity gap between 62640-62720 and a second one in just 4 days. The gap created on January 2nd led to a drop in gold prices to 62180.
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GOLD BUYING ZONE - Paitence is KEY (2024 #1)5888 - 57500 will be investor buying zone , which is 6-8% away from friday close,
and for trader they been looking the triangle pattern breakout
would rather wait and buy
instead of shorting the gold (following the long term trend)
based on my fib projection the price here has reached overbought zone which needs a correction for futher continuing the uptrend
will update further as per market movement
follow for more
gold spot or mcx update blweys on 2058$ in mcx 63180 stya blw looks dwn fall till 2047--2040 in mcx 63010--62930 yes toda job deta looks up side so profit booking possible
gold spot or mcx update blweys on gold spot 2070 sustain abv will see mark 2100$ soon as per chart where support 2060 blw will panic will start till 2052-45$ in mcx abv 63180- no worry for bulls decat rally may be possible buy on dips with strong sl 63111 tgt 64000++++ expect
GOLD Breakout possibility of 70000 by April 2024. 10% upside.GOLD Breakout possibility of 70000 by April 2024. 10% upside.
ATH breakout.
#GOLD|| 26 Dec || Intraday setup
🔸Timeframe: 4 hour
🔸Intraday strategy: Neutral
🔸Long time Strategy: Long
Following the holiday break, gold has risen, and forecasts anticipate a further increase. Expectations of Federal Reserve interest rate cuts, coupled with lower-than-expected Core PCE index data, are driving investor interest and providing opportunities for gold price growth.
If resistance broken next target would be 64000, which might take couple of weeks to achive.
Resistance: 63275
Support: 63101
gold spot 2065 abv crucial updateeys on 2065 if sustain abv or closed thna nxt rally 2100-2130 soon no if na dbut where support 2030$ for reversal dwn in mcc stya abv 63180 or closed abv 2days thna nxt rally 64000++++++ be alert!!!!!! seller keep eyes on lvl only
#GOLD || 22 Dec || Intraday setup
🔸Timeframe: 1 Day
🔸Strategy: Long
Gold's bullish view remains valid as long as it sustains above the resistance level of 62800. However, the bull view would be invalidated if the price falls below 61640. There's a notable probability of rejection from the 62800 level.
If there's a trend reversal from this level, I'll provide an update beforehand. Stay tuned for further updates. 📈✨
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🔸If you understand and support my view give it a thumbs up👍
mcx gold sustain abv 60700 update blwmcx gold sustain abv 60700 than looks up side 60880--940--63000+++ yes where support 62500 only stya blw thna dwn side expect yes gold spot eys on 2047 if styaa bv thna soon 2066$ expect
Trade setup for Gols Futures MCXHi all, this analysis would be based on Elliott wave and neowave concept.
At 1 day time frame you will see market making terminal pattern (Expanding diagonal)- this also know as expanding wedge which has 5 waves unfolding, each wave further unfold in 3 sub waves.
long target for 5th to complete is 73500
Short trade setup ideas
when you zoom into 15 min chart market is making impulse move (impulse moves are nothing but imbalances where buyers are aggressive, and they ride the market.)
Short buy trade setup
buy side:- 61666
Stop loss would be 2 ATR.
1) Target:- 63957
2) targte:- 6447
GOLD - 3% upside possible in next 2-3 weeksGOLD - 3% upside possible in next 2-3 weeks
Hourly CUP Pattern formation in Progress further breakout on it will give other 3% upside ... so expecting 5% upside by Jan end.
Gold Poised for Downside Breakout as Bearish AB=CD Pattern TakesGold prices are hovering near 62,064 INR, trapped within a bearish AB=CD pattern that could trigger a further decline in the near future. The pattern's completion at the 161.8% Fibonacci extension level suggests a potential downside target of 59,325 INR. However, a break above the pattern's upper trendline at 63,000 INR could invalidate the bearish bias and open the door for a move towards 64,000 INR. Keep an eye on key technical indicators like the RSI and MACD for confirmation of the bearish trend or signs of a potential reversal.
gold, gold price, gold analysis, AB=CD pattern, Fibonacci retracement, bearish, technical analysis, TradingView
Disclaimer: I am not a financial advisor and this is not financial advice. Please do your own research before making any investment decisions.
#GOLD update || Dec 18📊
Time Frame : 1 DAY
Strategy : SHORT
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RSI is signaling a potential decline in gold prices from the 62200 level, implying that the market may be overextended, and a downward correction could be expected. More details soon.
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GOLD Breakout on Weekly charts suggest 90000+ in 1.5 - 2 Years.GOLD Breakout on Weekly charts suggest 90000+ Targets in 1.5 - 2 Years.
Multiple Chart Patterns breakout seen - Cup & Handle Pattern / Triangle breakout / Channel Bottom formation.
Happy Investing.
gold spot blw 1991--90 in mcx 61500 stya blw dnw onlygold spot blw 1991--90 in mcx 61500 stya blw dnw only till 61410--377+++ in gold spot 1986--80---78$ yes looking doule bottom support break dwn thna more dwn expect sl use 61700 in sell side after break support in mcx
gold silver update blw edu pur.sell gold blw 62300 or silver blw 74300 tgt looks 73900-700 gold tgt 61950 -- sl will be 62457 oer 74786
