GOLD Future Intradayprice follow a trend line and price is respect lower low pattern.
Intraday resistance 1: 62251
Intraday resistance 2: 62404
Support :62062
QO1! trade ideas
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
MCX Gold Price Analysis: Key Levels and TargetsFinding a foothold at 61960 , MCX Gold prices hinge on a crucial juncture. A crossover and break today could lead to target prices of 61860 , 61760 , and 61560 .
The range of 62360 - 61960 holds paramount significance for day traders, potentially game-changing. Breaking 62360 may pave the way for an attainable target at 62660 , with further implications if this level is breached.
Intraday traders are advised to closely monitor the 62360 to 61960 price range for decisive market moves. Stay tuned for more insights.
GOLD || MCX || SELLING ENTRY || CONRT - FEB2024TimeFrame: 2 HOUR
Strategy: SHORT
Potential selling opportunities in the gold market. The plan involves initiating a short position if the price reaches 62330, with a target set at 61876, representing a potential decline of 353 points. In the event of a sustained bearish trend, a further downside target is considered at 61770. This analysis is based on technical indicators.
- Only for education!
gold spot or mcx gold abv 2052 update blwgold spot stya abv 2052 looks up side 2058--62++++ were support 2044$ if trade blw thna again dwn 2040--33$ in mcx styaa bv 62550 looks up side 62680--800++++ expect
GOLD Technical Update || MCX || 11 - 12 Jan #GOLD waiting for CPI data to gauge momentum. Keeping an eye on key economic indicators for potential market shifts.
Gold till 62600 not break sell on rise 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
