Trend 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 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...
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. ...
You 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 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
MCX Gold Trg 58500 & lower . Sl 59500 Looking weak. Can expect lower levels. Probable Trend change dates given on chart.
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...
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*
sell 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
Gold 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...
Some selling is expected in gold Major support near 58700 followed by 58400/58000 Resistance near 59100.
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
sell 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 is the real deal YoY. 10% upside possible on cards.
gold 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---380 v blw 1948 expect 1944--42 looking dwn fall for profit booking
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 must data ahead looks daily chart breakout up side 1945--+++++