gold breakdownhello guys,
gold on daily chart is showing signs of breakdown, you can sell here with sl at upper trendline for targets 61640-60100
disclaimer: i have shorted 2 lots on just befor closing today
GSP12X2024 trade ideas
gold update blw 62300 as per chartgold mcx stya blw 62300 looks slide dwn 6220--180-- thna after 62020 looks dwn only spot gold blw 2028 looks dwn 2022-2016 expect more lvl stya tuned here
Gold breakout and followed history pattern.As we have talked in past post
#DXY is high and after CPI result it has break up side.
same for #USDINR #US10Y
Till it has chance to more fall and here i have added some supports in this post.
you can find your levels and analysis then take trades.
More to indian market has looks fall to come soon as it making pattern like that but all game of news and data which can changed anytime.
Best of luck. Have a great day.
Gold Price Action#DXY is going up
#CrudeOil is going up
#USDINR becoming weak
Vs #Gold in Indian rupee should be weak or might be seen correction or fall
Though on chart looks head and solder type pattern but also looks triangle patter which might give up side breakout. So do you homework before take trade in gold
Have a great day!!!
Gold Trade Setup buying bias 62500 this wicked or inverted hammer , let the price run through this liquidity
next in middle of somewhere between 62350 - 62500 if there are any FVG imbalance between big candle take trade when it fill the FVG or gaps with stop loss of major swing low and target 62700 book half and rest let it run until it retest 63200
GOLD Future Intradayprice follow a trend line and price is respect lower low pattern.
Intraday resistance 1: 62251
Intraday resistance 2: 62404
Support :62062
Gold : A Bullish viewBullish Pennant Pattern is building :
If Gold gives a breakout above 63300 then it may touch 70000 n more.
If it goes below 61500 then upside will be restricted and a downside fall will start.
The Bullish Pennant Pattern:
The bullish pennant emerges post an uptrend, forming a small symmetrical triangle (the pennant) during consolidation. This pattern signifies a battle between bulls and bears, ultimately leading to a breakout, usually upward, signifying the continuation of the uptrend.
Components of the Bullish Pennant Pattern:
An Uptrend:A prerequisite for this pattern, characterized by higher highs and higher lows.
A Pennant: A small symmetrical triangle forming after the uptrend, indicating consolidation.
A Breakout: The essential phase, marking the continuation of the uptrend, often occurring upwards.
Trading the Bullish Pennant Pattern:
Psychology Behind Bullish Pennant:
A reflection of market consolidation after bullish momentum, highlighting the buyers' dominance.
Bullish Pennant vs. Bearish Pennant: Bullish pennants signal uptrend continuations, while bearish pennants suggest downtrend extensions.
Bullish Pennant vs. Bull Flag: Bull flags form after sharp rallies, while bullish pennants appear after extended uptrends, marked by converging trendlines.
Stop Loss Placement: Consider placing your stop loss at the pennant's resistance line for risk management.
Profit Target Setting: Customize your profit target, aligning with the pattern's flagpole height or a conservative approach, harmonizing with your risk management strategy.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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gold spot or mcx brief analysis upcoming fed ratetoday fed results--- expect no change in rates so mkt will continue with trend-- eys on 2028$ if stya blw thna expect dwn 2022--2018 or blw 2016 than nxt move 2004$ in mcx 62300 eys on stya blw will take dwn 62220--128-- than after 61900+++++ where hurdel 2040$ if sustain abv than nxt up side 2050--2065$ in mcx 62600 stya abv than nxt up side 62720--800 than after 63000+++ possible
gold aprail or spot update blw gold spot blw 2031$ looks dwn fall till2028--2022$ usd index looking bull abv 103.30 till 103.50--103.80gold blw 62500 looks dwn fall only sell on rise with tight sl 62559 tgt 62380--300+++++
gold mcx abv 62247 crucial update blwgold mcx sustain abv 62247 looks up side 62350--440 where support 62111 only blw looks dwn fall buy on dips with support sl
gold spot or mcx gold reaction on dxy blwgold spot blw 2021$ in mcx 61900 stya blw look dwn fall 61777-600 in cme spot 2012--2005$ dxy index abv 103.50 more power will show till 104--104.40 yes more update stya tuned with us
Gold MCX ready for upside move avoid fresh sell trade 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 MCX Future Weekly Analysis for 22-26 Jan., 2024 🔥 GOLD - 05 FEB FUTURES ANALYSIS
📊 Weekly Range: 1192
📈 Buy at: 62190.66
🎯 Buy Target 1: 62740.66
🎯 Buy Target 2: 63196
🔍 Add one lot at: 62050
❌ Buyer Stoploss: 61793.33
📉 Sell at: 61909.34
🎯 Sell Target 1: 61267.34
🎯 Sell Target 2: 60812
❌ Seller Stoploss: 62306.67
Analysis:
Gold (05 Feb) exhibits a compelling setup for traders. The buy entry at 62190.66 provides an opportunity for an upward move towards targets at 62740.66 and 63196. Adding one lot at 62050 enhances the position. The buyer stoploss at 61793.33 safeguards against adverse market conditions.
On the flip side, the sell entry at 61909.34 opens up possibilities for a downward move targeting 61267.34 and 60812. Implementing a seller stoploss at 62306.67 ensures risk management.
Caution:
Traders are advised to stay attentive to market conditions and adjust positions accordingly.
#GOLD #CommodityTrading #TechnicalAnalysis #TradingStrategies #FinancialMarkets #TradingView
Gold (GC COMEX) mildly bearishWeekly chart shows gold mildly bearish as both VI and stochastics are overbought. But same setup is bullish in daily chart, so it would be safe to sell on a rise.
Gold MCX started up move as said yesterday hold buyOn 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 started moving up as said yesterday we will see more upsideOn 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 MCX Future Analysis for Today 19 Jan'24📊 GOLD 05 FEB FUT LEVELS
📊 Day Range: 318 Point
📈 Buy at 61678.52
🎯 Target 1: 61965.52
🎯 Target 2: 62087
🔍 Add one lot at 61641
❌ Buyer SL: 61553.48
📉 Sell at 61603.48
🎯 Target 1: 61572.48
🎯 Target 2: 61451
❌ Seller SL: 61728.52
Resiprocate your love by sharing, following and commenting. Trade with trends to turn green!
Gold MCX buy above 62050On 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 spot eyes on 2016-14$ in mcx 61750-720 blw updategold spot eyes on 2016-14$ in mcx 61750-720 blw nxt dwn rally will occur soon till 2002-1980+++ in mcx 61540--377+++++ yes 4th hrs trend line support close eyes break or not if support hold than dedcat bounce expect again
Gold sell on rise Till 62100 not break 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 Ready for 3% upmove soon.GOLD Ready for 3% upmove soon.
Based on Daily charts breakout from downtrend is visible.
gold spot or mcx crucial update blw gold spot blw 2037$ in mcx 62280 stya blw looks dwn fall till 2032--27$ in mcx looks dwn fall 62202--62150 thna after 62020 expect before any attempt to rise more lvl stya tuned with us
