MCX Gold Elliott Wave Projection For July 2022Gold has accomplished the final correction wave (Y) of wave ((B)) and has begun to form sub-waves of the corrective wave ((C)).
Currently, the price is at 100 EMA & the lower band of the parallel channel. It appears that the movement of gold is being dominated by bears, as it is making lower lows and lower highs.
If the price breaks down the parallel channel, traders can initiate a short position for the following targets: 50153 – 49600 – 48560 . It should be noted that the breakdown of the parallel channel is also the breakdown of the 100 EMA.
49600 is a pivot zone for gold. If the price sustains below 49600 , traders can expect rapid bearish momentum.
GSP27X2024 trade ideas
GOLDAll detail for chat. good entry at mark price only. and must stoploss is 51393 minimum risk and good profit. risk ratio 1:1 in first target. This is not call my idea only. Please understand your risk and take full responsibility of your actions
SELL GOLD As you seen in the chart Elliott wave IN US GOLD CHART made ,upper side strong resistance i think it will not break easily and charts also strong in selling zone.
SELL GOLD As you seen in the charts Elliott wave made ,upper side strong resistance i think it will not break easily and charts also strong in selling .
MCX Gold Price ProjectionNow Gold has Reached upto very imp Price Zone ... From here we can Expect a sudden Fall / Pullback for a New Beginning towards Up Side Move ...
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Big breakout in GOLD With panic and likely crash coming in equity markets, gold looks good for upside.
Broken-out today as shown.
#GOLD harmonic setup#GOLD MCX future contract form Harmonic pattern (Gartley) on a daily time frame.
buy on deep is a good bet for the short term.
next openning is very imortant for gold on a make or breck levels ,last week low is very good support on longerterm charts
#StockMarket #StockIdeas #Goldtrade #Gold #GoldtradingGold Futures
Gold trading at strong support levels
Earlier after giving breakout from this levels now retrace again to its strong support level
Can be positionally buy at CMP or above 50600 levels for short term targets of 50950 / 51250 & 51500.
Partially profit booking is also good, with trailing stop loss.
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
Use a strict trailing stop loss.
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GOLD FUCGOLD FUC
Disclosure : I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this channel suggestions.
Can give an upmoveGold futures have retested a strong support and resistance zone and also breached a short term S/R zone. Looking good at CMP 50415 - safer above 50,600 for positional targets of 50945 and 51250.
Learn & Earn,
Dr. Tanya Kumar
MCX Gold trading in range onlyGold earlier risen with volumes in 2020 from 32500 to 44000 mark. Recent price action from 44000 to 55000 was with low volumes. Gold will be in range between 48000 to 52000 levels on MCX. Only support for Gold is due to INR devaluation and macro disturbance.
gold in support range for long termgold may be bullish from 1770 for long term, but follow to exit, if made low 1670..(Base line)
Gold Short (12 May)Gold Short (12 May)
Sell at- 50810
SL- 50925
Target- 50620, 50510
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
data recordThe time zone that recorded two significant divergences between the price of gold and the real interest rate
Gold Price Predictions for 2022In the previous trading session, MCX Gold made a high of 51538 and closed at 51343 ( +444 ). A question is, is it moving upward?
To identify uptrend:
There are two hurdles to continuing the uptrend. It should break out the 5th May high or settle above the control line.
According to the above chart, Gold is forming a bullish flag pattern. And we're waiting for a breakout of the flag pattern. This breakout will skyrocket the gold price, and we can see 6400+ points of bullish movement here. Long-term target for gold 58000 - 60000 .
Gold downtrend confirmation:
But if gold breaks the support trendline (invalidation), then a downtrend may start. And if it happens, I will update you asap.
At present, intraday traders can keep buying for targets of 51500 - 51800+ levels.
Watch significant releases or events that may affect the movement of gold, silver, and crude oil.
Monday, May 09, 2022
04:30 FOMC Member Bostic Speaks - Medium Impact
11:00 Investing.com Gold Index - Medium Impact
18:15 FOMC Member Bostic Speaks - Medium Impact
Tuesday, May 10, 2022
17:10 FOMC Member Williams Speaks - Medium Impact
18:00 FOMC Member Bostic Speaks - Medium Impact
21:30 EIA Short-Term Energy Outlook - High Impact
Wednesday, May 11, 2022
00:30 FOMC Member Mester Speaks - Medium Impact
02:00 API Weekly Crude Oil Stock - Medium Impact
04:30 FOMC Member Bostic Speaks - Medium Impact
18:00 Core CPI (MoM) (Apr) - Medium Impact
20:00 Crude Oil Inventories - High Impact
22:31 10-Year Note Auction - Low Impact
23:30 Federal Budget Balance (Apr) - Low Impact
Thursday, May 12, 2022
10:30 Natural Gas Storage - Low Impact
13:30 IEA Monthly Report - Medium Impact
Friday, May 13, 2022
08:30 Import/Export Price Index (MoM) - Low Impact
11:00 FOMC Member Kashkari - Medium Impact
12:00 FOMC Member Mester Speaks - Medium Impact
13:00 U.S. Baker Hughes Oil Rig Count - Medium Impact
Gold : bullishDouble bottom and a triangle pattern both are giving A short term bullish view on Gold upto 50600.
And long term view is also very bullish may approach nearly previous high 5600.
Gold M levels for 26-4-2022It is possible to test upper trend line and fall from there, IF RSI indicator stable in between 60-40 zone in 1 hour tf, no trade today.
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. If you follow diagonal trendlines you can take entry and exit easily. (Color code (only for diagonal trendlines ): green - bullish, red - bearish, black & violet reversal points). If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. It is all your own risk.
