QO1! trade ideas
Outlook: MCX Gold downtrend stopped at 46720Key Levels: 46720, 46250.
The corrective nature of the latest rebound suggests the Gold decline will continue. A break of hurdle will raise the possibility of the impulsive decline from near 46720 . A strong selling signal will come after a breakout of 46250 levels. So, intraday (day) traders can start selling between hurdle and breakout levels for the target of 46000 - 45460 - 44900 below.
But according to the current situation, gold is trying to recover the loss from the last 2 weeks' events. It's not sellable until following the above scenario. We can see the gold prices at 48000 - 49000+ in the upcoming days.
Watch significant releases or events that may affect the movement of gold, silver & crude oil.
Monday, Jun 28, 2021
11:00 - Gold Index
Tuesday, Jun 29, 2021
19:30 - CB Consumer Confidence (Jun)
Wednesday, Jun 30, 2021
2:00 - API Weekly Crude Oil Stock
17:45 - ADP Nonfarm Employment Change (Jun)
19:30 - Pending Home Sales (MoM) (May)
Gold Future Analysis Gold Future had Completed 3rd Wave in Major , now 4th going on (in 4th wave A has already came down in 12345) , and B wave also going to up near 49000 now C Wave Come to near 37500. this is Educational Purpose only NOTE: (Im Not SEBI Registered Analyst this is only Educational Purpose only)
gold chart patternGold
breakout of this pattern will boom🔥
easy tgt 49000
tgt till jan 65000
trades keep enjoying support game
investors literally have gold🔥😅
gold triangle patternmcx gold trade in a triangle pattern.. proper analysis and take a trade at your own risk... all details in above chart...
Gold - Trading strategyGold 46728 - Bearishness. Gold has resistance zone at 47951 - 48454. Unless this zone not broken ,shall expect target of 45950.
Gold way ahead!Watch the video to get an Insight on how to plan a trade set up in Gold in the upcoming sessions!
Gold Long Term Bull Case
Long term C&H seen on Gold Futures.
2.5 year support line adds more probability for the bull case.
83% rally possible in next few months.
Both Inflation & Deflation story benefits PMs.
Break of handle low negates the view.
GOLD - Price ~ Volume ~ ActionThis analysis is in continuation of my previous analysis on 16 May 2021.
For people who are not aware about how to invest in gold
1. There are various Gold ETFs trader in exchange
2. By analyzing the volumes and liquidity one can select and trade accordingly
3. I personally trade SBIGOLD ETF
Gold MINI SWING TRADE CMP 47456 Buy Gold MINI SWING TRADE CMP 47456
Buy for Target 47900- 48400- 48800- 49000+
RangeGold mini is in a range in a parallel body
Wait for the break out it will give huge movement either side
Gold Resumes it's bullish MoveGold Resumes it's bullish Move and Big Mutual Funds are Backing it.
Gold has recovered from the support level of 44000 and now it has resumed its bullish move Indicators are confirming this trend too.
Add gold to your portfolio now.
Major Multi assets funds are betting on gold more than the top equity market stocks.
