MGC1! trade ideas
Gold Bullish Bat PatternBullish Bat Pattern
Closing Price - 48053
SL - 47849
Target - 48215/48283/48365
Gann Roadmap for Gold. Showing Strength on ChartGold is being traded around its support levels and consolidating. Its ready to resume its uptrend soon and may start trading upwards.
Buy Gold strictly above 48170 with SL 47975. Targets open as per your apatite.
4 Digit Gann's roadmap for Gold for swing trading is:
4796(0) 4831(0) 4866(0) 4901(0) 4936(0) 4971(0) 5006(0) 5041(0)
5 Digit Gann's roadmap for Gold for swing trading is:
47961 48072 48182 48292 48402
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.
Weekly Outlook of MCX GoldIn June, XAUUSD and MCX Gold crash due to FOMC events. It has recovered almost 60% to 70% loss in the July month. You can read the previous articles of Gold to catch the next move.
This week gold may remain downside until it breaks the levels of 48520 . It can be up to 47580 - 47200 . But, once it crossover the 48520 levels, then it will become unstoppable again. And we will see 49000 - 49500+ levels soon.
Watch significant releases or events that may affect the movement of gold, silver, crude oil, and natural gas:
Wednesday, Jul 21, 2021
02:00 API Weekly Crude Oil Stock - Medium Impact
20:00 Crude Oil Inventories - High Impact
20:00 Cushing Crude Oil Inventories - Medium Impact
Thursday, Jul 22, 2021
20:00 Natural Gas Storage - Low Impact
#Bullish#Gold looks good to #Long at current levels. Trend & momentum score = 4. Possible upside of 5-10% in short to medium term. SL = swing low 47450.
Gold IHS breakout Gold broke out of smaller IHS within the bigger IHS handle
Current price - 48300 , Target 50300, SL at 47400 on closing basis
It should come within 3 weeks
#Gold
Gold in IHSGold in IHS pattern , looking for a breakout between 48900-49000 for a target around 55000
This move is going to be very swift with target going to be acheived in 2021 - most likely by October
GOLD Inverse Head and Shoulder Pattern - Short Term 2 -3 monthsGold is forming a Inverse Head and Shoulder Pattern. Once the neckline s broken we can see a surge in gold price.
Entry :- 48700 - Buy after neckline breakout ( should happen around 48600-48900 range)
SL :- 47200
Target :- T1- 51500 , T2- 53200
Gold mcx Gold mcx four hours chart
As per current scenario if price hold below 47600 then gold will drop till 46210 near level for complete right side shoulder
GOLD seems bullish these daysMCX:GOLD1! is looking bullish to me. Golden crossover is about to happen and RSI is also showing strength. Very soon we should see 48k levels.
SellSell Gold on rise around 47900 stop loss 49300 on daily closing basis for target of 40500.
Disc : It's not an investment advice to buy or sell. Pls do your research before taking any trade
Gold Ready to Resume its Uptrend Anytime SoonGold has been correcting for some time and touched a low of 0.618% of its previous rally and getting support at 0.618% levels. Gold is slowly coming out of correction mode and slowly its gaining momentum and resuming its uptrend. Bull Power has crossed Bear Power upwards which is showing Bulls are now taking control slowly and steadily.
Once Gold resumes its uptrend, then Targets where it may get resistance are R1: 1850-60 R2: 1900-20 R3: 2040-50-60-70.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.
Gold positional viewGold positional view - Close below B point in day TF in green chart then valid
Long range - 45033-44600
SL - 44108
Gold Futures taking support on trend lineGold Futures broke trend line resistance and pulled back acting same trend line as a support.
Expect the gold price rise further
