BTST TRADEGold trade in downfall wave expted more down
Note here i share idea only for education perpose
GSP12X2024 trade ideas
sell gold blw 58000 on rise sell sl 58129 tgt 57850sell gold blw 58000 on rise sell sl 58129 tgt 57850 yes spot gold blw 1870$ looks dwn fall till 1866--60$
gold mcx or spot update blwbuy gold stya abv 58100 tgt looks 58270--300++++ buy on dips sl 57966 spot gold abv 1877 looks zoomed 1890=96$ yes today cpi data so may be some voal tile
gold spot or mcx crucial update after tgt hitspot buy gvn 18580060 or in mcx 57585 or 57779 see now its zoomedd high 1871++ or in mcx almost 58000 hope u ejoyedddddd or not ---- stya bav 1873 looking up side till 1880$ in mcx 58120+++++ expect more lvl stya here
gold spot or mcx crucial update after zoomedgold spot made high 1855$ now 1858--60$ strong breakout point if stya abv ot close than expect up side 1878--1889+++++ where support 1832$ indicate---- in inter day purpose if stya blw 1844$ than expect down 1838--1835$. in mcx 57779 strong hurdle for up side stya abv or close abv than expect 57900-58000+++ where support indicat57300@ blw will melt dwn -- don't stuck wrong side
Gold Mini Important Support and Resistance Level For 11-Oct-2023The Marked area's are major support and resistance level for Banknifty Intraday, also called PAM Areas.
When price come to these area we can expect either reversal or breakout from the given area's.
So planning a good trade will occur only in the marked areas, when price is in middle, we have to wait for the price comes to the marked PAM Areas
MCX gold Long position Hi everone
Gold
enterned into monthly demand zone
November 2023
Decemebr 2023
full uptrend
Oct 2023 consolidation
gold spot 1813 or mcx 56500 stya blw dwn only sell with sltake chnce small riskgold spot 1813 or mcx 56500 stya blw dwn only sell with sl 56649 or 1821 tgt 56380-200 or 1807--1805
Gold likely to crack till 58500-56000 Gold seems to have completed wave 3.5.5 and is getting ready for wave 4 crack.
Possible targets 58500-56000 , post that it can move to 66666 target
Rsi tripple negative divergence.
Ending digonal breakdown seen in wave 3.5.5
Pullbacks in gold should be used to sell
GOLD losing its sheen?GOLD is on a bearish run braking all Moving averages on the way from 10EMA,50EMA,100EMA& 200EMA.On its way to test 56000 ? any breach and below 56000 likely to trigger to fresh selling slide towards 54000
Gold Will Shine Or Fade?Hi friends, Sharing an trading idea on Commodity Gold futures on daily chart as we can see that after hitting all time of 61800 levels all the way it came down 57900 (considering strong support) levels and took support there and resume rally again to 60000 levels with created a double top on this chart.
So currently it is trading near to that support and seems that price want to touch that support again so once it will reach there we can see two things it breaks the support or bounce from support for targets for both situations marked on chart stop loss must be a close above or below from support in opposite direction of trade on daily candle closing basis.
RSI indicator used below on chart for getting a better synchronization, that what can happen break or bounce. One can use own time frame for tracking this idea
There must be a logic behind every trade, because trading on logics is always better than trading on speculations. Good luck happy trading Best regards.
This is not and trade or investment advice. This idea is meant for learning only.
Gold prices decline for a sixth straight day, hits seven-month lGold fell for a sixth straight day to the lowest in almost seven months, as the metal continued to test lower levels following hawkish signaling by the US Federal Reserve (Fed).
Treasury yields climbed on Monday after a US government shutdown was averted over the weekend, pushing gold down to the lowest since March.
The metal fell 4 per cent last week as a drop below $1,900 an ounce triggered outflows from exchange-traded funds, while hedge funds trading Comex futures cut bullish gold bets to a five-week low.
The fall was triggered by Fed policymakers indicating monetary policy would remain tight for a long period. Non-interest bearing gold is now in a vulnerable position as it comes under pressure from a surge in bond yields from the US to Germany and Japan, which could lead to more investor selling.
Later Monday, traders will look to US purchasing managers indices and an inflation gauge released by the Institute for Supply Management. At the end of the week, the headline jobs report will be eyed for its possible influence on the path of monetary policy.
Spot gold dipped 0.8 per cent to $1,833.25 an ounce as of 10:49 a.m. in London. The Bloomberg Dollar Spot Index climbed 0.2 per cent. Silver, palladium and platinum all fell.
sell gold 57720 sl 849 tgt 610--580+++++sell gold 57720 sl 849 tgt 610--580+++++ yes looking dwn side bwl 1860 ssell on rise loks dwn 1853--48
Gold Bearish trendGold can fall to the level of 56097 with a small resistance at 56815 in the short term. Short term is negative on Gold and can wait for level 56000 to buy if it consolidates at this level. Otherwise buying can be seen only at 55000 level in short term as of now. This is for the short term and will wait in case further downside is seen even after reaching the 55000 level in the short term.
Overall sentiment in gold is negative, good news related to the share market or positive in the IT/Banking sector will have a further negative impact as buying in stocks will emerge after a long downward trend.
GOLD MCXGOLD is in bullish mood
Symmetrical triangle Pattern
Time frame for analysis - 4 hr
Strong bullish candles found inside the triangle
T1- 59262
T2 - 59656
SL- 58770
This chart is only for educational purpose do your study before taking any trades
gold pot or mcx cruial update blw after mleted like icedid u see gold bwl 1913 hit 1880$ ow eys on 1875 if stya blw or cls blw 2days will see 1850--36$ where uper hurdel 1913$ abv only mkt bull zone-- in mcx 57700 hit or dec 58380 hit now eys on 58300 stya blw or close blw 2days dec contrcat will see 58000--57800++++ first eys on lvl
GoldTriangle breakout may take bullish breakout.
it may give fresh ATH from here.
good consolidation done recently
GOLD - INTRADAY UPDATE - 28 SEPGold is expected to take a bounce from the 57500 support level.
If gold fails to sustain above 57500, it could fall to touch 57250.
The fall in gold is due to a stronger US dollar, higher treasury yields, and the upcoming US Federal Reserve rate decision.
Analysis
Gold has been falling in recent days due to a number of factors, including a stronger US dollar, higher treasury yields, and the upcoming US Federal Reserve rate decision. A stronger US dollar makes gold more expensive for buyers holding other currencies, while higher treasury yields make gold less attractive as an investment. The US Federal Reserve is expected to raise interest rates at its next meeting, which could further dampen demand for gold.
GOLD MISS LEADING ? AND FOMOThis recent up move is just a pullback
which did not retested out ob
it is heading back to retracement area of 0.7 and 0.5 lvl
but for short time gold is like to hover within 0.5 - 0.7 level (59665 - 59385)
and there after there is resistance above at 60150
cant fit in with good risk to reward for investing or value buying
better to avoid fomo
59970 and 58000 remains out intact buying area with small after this trigger
will update further after new moves
GOLD UPDATE (WEEKLY)Reason for Fall - Due to the strengthening of the US dollar, metals came under pressure.
Technically, a falling wedge pattern is forming, and the market could break out at any time.
Astrologically, market sentiments are upside for the coming sessions, based on current planetary positions and movements.
Next Support between 58000- 57800
GOLD MCX - 21st Sep 2023Gold Mcx
Hammer found near support
Target - 59259
Stop Loss (Closing basis 1hr time frame) - 58670
Risk - 1
Reward - 4
Disclaimer - This chart is only for educational purpose Do your own study before taking any trades
