eys 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
🔸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...
eys 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
🔸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...
mcx 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
Hi 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...
GOLD - 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 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...
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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Market Analysis
NO Exact view on Nifty and Banknifty , so maintain proper stoploss
GOLD SILVER CRUDEOIL look bearish , can test lower level that are discussed in the video...
gold 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 Petal Intraday Prediction Levels for 7 Dec 2023
The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone/Line or after break down and close below the Support zone/Line.
These levels act as...
Gold Mini Futures Intraday Prediction Levels for 7 Dec 2023
The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone/Line or after break down and close below the Support zone/Line.
These levels...
