GOLD / INDIAN RUPEE

FX_IDC:​XAUINR
 
     
 
     
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Raja_Chart_Advise Raja_Chart_Advise XAUINR, W, Long ,
XAUINR: GOLD (W)
31 0 1
XAUINR, W Long
GOLD (W)

Gold steadied last week after witnessing a steady decline is seen rebounding as the dollar seems to be tripping on reduced expectations for U.S. interest rate hikes next year. The dollar suffered its biggest drop in five months on Wednesday after minutes from the U.S. Federal Reserve's showed "many participants" were concerned inflation would stay below the ...

rrajkumar86 rrajkumar86 XAUINR, 240, Short ,
XAUINR: Head & Shoulders Forming on Gold
75 2 8
XAUINR, 240 Short
Head & Shoulders Forming on Gold

Still are we buying Gold.. Be careful. Yellow metal may meltdown.

maneeshaggarwal maneeshaggarwal XAUINR, D, Short ,
XAUINR: gold - breakdown
20 0 4
XAUINR, D Short
gold - breakdown

for educational purpose - sell gold with sl of 29600 tgt 25700

NeeteshJain NeeteshJain TOP XAUINR, D, Short ,
XAUINR: GOLD LOSING SHINE
200 0 4
XAUINR, D Short
GOLD LOSING SHINE

It is been observed on daily chart that the price action is making lower highs and lower lows, indicating a bearish trend. Now, it shall further move down to the next support levels at around 81000-80300 levels. Target: 81000 Stoploss: 84500 Risk Reward: 1:1

NeeteshJain NeeteshJain TOP XAUINR, D, Long ,
XAUINR: GOLD GOLD SHINES TO BUY (XAU/INR) - FLAT CORRECTION COMPLETES
49 0 2
XAUINR, D Long
GOLD GOLD SHINES TO BUY (XAU/INR) - FLAT CORRECTION COMPLETES

As per Elliott Wave Theory, the gold charts indicates a completion of a Flat ABC Correction that signals a new wave to upside. This is a good time to invest or take a swing trade position in this before the festive season begins in India where we generally see rise in the Gold market. Take positions with stoploss at 87200 Target 1: 90000 then Target 92400.

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