gold spor or mcx interday updategold spot stya abv 1929 thna expected touch 1933-38++++ in mcx 58950 if sustain abv thna looks 59100+++++ where if hold blw 1929 thna again dnw side 1922-19++
GSP27X2024 trade ideas
GoldTrend analysis is a technique used in technical analysis that attempts to predict future stock price movements based on recently observed trend data. Trend analysis uses historical data, such as price movements and trade volume, to forecast the long-term direction of market sentiment.
Gold This Week Overview till 22nd September
Gold prices are expected to trade in a range of 56,000-58,500 rupees per 10 grams this week, with a downside bias. The US Federal Reserve's commitment to a more aggressive monetary policy stance is likely to weigh on gold prices in the near term. However, gold could find some support from a weaker rupee and rising geopolitical tensions.
If gold reaches between 58600-58500 then we can plan long for +900 points
GOLD - BULLISH OVERVIEW - 1 Hour Timeframe (19th -20th Sep)Technical Explanation:
Gold is currently in an uptrend, as evidenced by the higher highs and higher lows that it has been making. The 59400 level (R1) is a key resistance level that gold needs to break through in order to continue its uptrend. If gold is able to sustain above 59400 (R1), then it will be a bullish signal, and further levels can be expected.
Potential Targets:
If gold breaks through 59400 (R1), then the next potential target is 59800 (R2). If gold is able to break through 59800 (R2), then the next potential target is 60200 (R3).
#gold analysis on 2H time frameYou can't afford to miss this rally.
#gold
Always trade what you see, not what you feel.
Regards,
SG
After very long consolidation gold made bottomAfter very long consolidation gold made bottom
Sign 1 twizzer bottom candle sticks
Sign 2 open= low and closed yesterday's candle decisively
Now I can say that bottom done
It's buy on every dips now
GOLD long setup (check the description)we have captured the down trend since the beinginng on trend change
currently price has breached some fair value area and ob's from medium time frame
as i have captured the big trend personally i wont be shorting instead will wait for my buying zone
58810 and 58665 is new current resistace
58275 and 58120 is the level where price would like wick this level to sweep the liquidity and stop loss of remaining buyers
there after 58090 - 57970 would be the non mitigated old order block where there will be order and we can new buying from this level
57650 to 57875 will be last demand zone for gold where it will be value zone for buyers
gold bearish setup price hovering near high time frame resistance zone
let price pullback to 59520 - 59475
stop loss 59700
target 59050 and 58850
*adjust qty size as per risk or stop loss*
gold mcx or silver crudial updatesell gold 59070--100 sl use must for spot price1926 tgt 58920--750+ silver stya blw 71800 looks dwn fall 71300-71110+++ expect spot blw 22.90 looks dwn 22.70-50
OLD, an technical insight for the coming week 21.08.2023Gold Analysis for the Upcoming Week on MCX, India
Date: 20th August 2023, 18:03 hours
Technical Overview:
Recent Performance: From 8th May to today's date, gold prices have witnessed a significant decline of approximately 5.49%.
Moving Averages: The gold price has recently breached the 50-day moving average, which stands at 58,980. The 200-day moving average looms at 57,586. The cross below the 50-day indicates a bearish momentum in the short term.
Potential Move: If gold price approaches the 200-day moving average of 57,586, there's potential for further downside towards 56,048.
Oscillators: The asset is currently in an oversold condition, which can sometimes indicate a potential rebound. The optimistic signals stand at D: 6.54 and K: 3.21.
MACD: The Moving Average Convergence Divergence (MACD) is still hinting at a bearish scenario, suggesting continued negative momentum.
Fisher & Percentage R: Both indicators are positioned at the lower end, hinting at a potential bearish continuation.
Fibonacci Levels: Post touching a low at the Fibonacci level of 57,653, gold made an upward move and attempted to break above the 0.5 Fibonacci level at 59,751 twice between July and August. However, it failed to sustain this and reversed its direction, breaking past the 0.382 and 0.236 levels. Current trajectory points towards a retest of the 57,653 level.
Target Price for the Week: Considering the above technical factors and absence of any significant strategic updates from the Federal Reserve regarding interest rates, our projected target price for gold in the near term stands at 57,612.
Disclaimer: This analysis does not provide any specific trading or investment recommendation. It is essential to note that the movements in gold prices can be significantly influenced by various macroeconomic factors and announcements from the Federal Reserve. Always consult with a financial advisor before making any investment decision.
Disclosure: We do not have any vested interest in the gold market We may or may or maynot be having positions in the gold. This analysis is purely based on technical indicators and past market data.
Gold Taking formation of triangle patternSome selling is expected in gold
Major support near 58700 followed by 58400/58000
Resistance near 59100.
GOLD VIEW expect Trend Change trww . Trend change dates mentioned on the chart.
Trend change cld be :
from up to dwn or sideways
or dnw to up or sideways
or sideways to up or dwn
gold mcx crucial update blwsell gold 59420@--470 sl 559 tgt 59120 yes gold spot blw 1932 sustain than nxt dwn fall 1925--20+++++ looking sharp correction here trade with sl
gold more update blw blw 59330 already gvn 59520 blwgold more update blw blw 59330 already gvn 59520 blw-- now if stya blw 59300 soon 59230--150+++ expect alreay sell gvn blw 1938 gold spot dwn side only 1933--30++
sell gold blw 59520 sl 599 tgt 59428---380sell gold blw 59520 sl 599 tgt 59428---380 v blw 1948 expect 1944--42 looking dwn fall for profit booking
gold mcx sustai abv 59577 buy on dipssss soon 59700-800++gold mcx sustai abv 59577 buy on dipssss soon 59680-800++ keep tight sl must abv 1952 spot may be fire till 1957++++ data slight some bullion
buy gold dips on sl 59281 tgt 59470--550++ small sl use buy gold dips on sl 59281 tgt 59470--550++ small sl use must data ahead looks daily chart breakout up side 1945--+++++
gold spot or silver spot mcx gold silver crucial update blwdid u see firboom in gold silver mcx or gold spot gvn gold abv 58950 silver 74000 abv spot also gvn 24.35silver or gold abv 1924 or 1932 also hit 1938 or wet nxt 1945 silver 24.70 hit almost enjoyy will more update soon
GOLD(GC1!)Borken out of Pattern ... iF it closes below 1900$ then lower levels near 1800$ likely
Supports are clearly shown
DX1! along with US10Y rising are bad for precious metals which could be the other reason
buy gold 59050 abv sl 58949 tgt 59180--270buy gold 59050 abv sl 58949 tgt 59180--270 data strongly positive for gold silver also looking abv 74000 looks up side 74700++ buy on dipsss sl 73577
GOLD FUTURES (mcx) update price is in side ways phase on medium time frame
which mean on lower time frame price will react as buy on low and sell or rise
the range is 59050 resistance and 58280
currently the price is trading at resistance level
on 15m triangle pattern is forming , which is in between of medium time frame pattern , on medium time frame there is bearish flag so im keeping my bias on sell side
and predicting that price we make breakout from triangle pattern and then form a fake out
and price will try to go back at support of 58500-58250
this is my pov dont trade blindly on it use it as a confluence for your own analysis
