Gold at Demand ZoneGold is at demand Zone, if sustains we can see an up ward moment till supply zone .
GDRQ2025 trade ideas
GOLD for 75K - H&S BreakdownI have already shared GOLD US chart with counts and levels..
This is GOLD MCX.. classic H&S Breakdown in play..
Gold Price at Supply ZoneGold price has reached Supply Zone . Gold is taking rejection from supply zone . If sustains we can see a downward moment till Demand Zone .
Zone to Zone Trading ,
Gold MCX Future Intraday Technical Analysis for 28th October🚀 Unlock the potential with my #Gold MCX Future Intraday Technical Analysis for 28th October, 2024!
📍 Range Trigger Point: 78532
📅 Day Range: 744
📈 Long Position
🔹 Buy Above: 78296
📊 Average Position: 78208
🎯 Target 1: 78992
🎯 Target 2: 79276
⛔ Stoploss: 78048
📉 Short Position
🔹 Sell Below: 78120
🎯 Target 1: 78072
🎯 Target 2: 77788
⛔ Stoploss: 78368
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#Gold #MCX #TradingSignals #MCXLevels #TradingTips #GoldLevels
Gold chart Zone to Zone Gold again reversed from supply zone. Zone to zone done.... accuracy of our zones.
Gold done zone to zone.Gold took rejection from demand zone, sustained upward moment and reached target supply zone
Again took rejection from supply zone and reached target demand zone .
Zone to Zone trading
Trading made easy
Gold 78900 until not break avoid buy Israel -Iran war priced inDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
gold silver update blw edu pur. festival analysisgold spot stya blw 2724 silver spot stya blw 33.30 looks dwn fall 2710--202==2690 soon expect silver 32.30$ in mcx mkt if hold blw 78300 thna looks dwn fall 77750--77350 silver blw 9600 dwn fall till 95550--94223 or more lvl stya tuned tuned with us
Gold yesterday we get 540 points profit, pattern negative Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
gold update after sharp correction edu pur.gold hurdel 2739$ if stya abv thna mkt again up side 2750--60 in mcx 78430 stya abv mkt may be g to 78680--78900+++++ have close eyes on lvl -- if unable to hold gvn lvl thna again sharp correction will start
Gold if break 77600 then fall if break 78000 then go up Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Gold ready for 80100 support 77600 buy on dip Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
gold silver crucial update edu pur.gold silver made bear engulf;f pattern at 4th hrs candle---eyes on 77900 in gold or silver 96500 stya lw will create heavy panic in mcx------yes hurdel 78479@ silver 98600@ recnt high very crucial for up sideeee if hold blw hurdel lvl than also looks dwn fall
Forecasting 3% to 4% profit taking opportunities in GoldForecasting 3% to 4% Profit-Taking Opportunities in Gold
Gold prices reached an all-time high today, driven by increased demand for safe-haven assets amid the approaching, last week’s highly competitive U.S. presidential election.
Gold has been steadily reaching new record highs, while other precious metals have also seen gains. However, silver prices have faced resistance near their 52-week peak.
In 2024, gold and silver prices have increased by approximately 35% and 52%, respectively.
In morning today’s US sessions, December gold futures hit a record high of $2,755.30 per ounce, while spot gold prices climbed to $2,740.60 per ounce.
An economic downturn would alter the dynamics affecting the prices of precious metals both silver and gold. Gold was supported by safe-haven demand as the conflict in the Middle East continued. Traders were anticipating Israel's response to Iran following an attack in early October.
Additionally, a 25-basis point reduction by the ECB suggested that major global central banks were positioned to implement further rate cuts, creating a lower interest rate environment that is expected to benefit gold and other non-yielding assets.
Overall, gold prices are considered overbought, yet a combination of factors is driving the current rally.
Despite the strengthening U.S. dollar, gold prices continue to rise, highlighting the ongoing inverse correlation between the U.S. dollar and gold, which adds downward pressure on gold prices.
A stronger U.S. dollar tends to make gold more expensive for investors holding other currencies, as gold is priced in dollars. When the dollar appreciates, it increases the cost of purchasing gold for foreign buyers, thereby reducing the metal's appeal as an investment. This inverse relationship between the dollar and gold often leads to decreased demand for the precious metal in times of dollar strength, as investors seek more affordable alternatives or move to other assets. Consequently, a rising dollar can weigh on gold prices, making it less attractive in global markets.
Short-term traders in the gold market are engaging in profit-taking, capitalizing on recent price increases. These traders, who typically seek to benefit from short-term fluctuations, are selling off their positions to lock in gains. This activity can temporarily pressure gold prices, creating volatility in the market, as selling momentum increases. Profit-taking is a common strategy when traders believe the asset may have reached or is approaching a life time high peak, signalling a potential pullback before prices stabilize or resume an upward trend.
Key Strategies Traders Should Consider Amid Gold Market Volatility
Considering recent market conditions, spot gold (XAUUSD) reached a high of $2,740.60 at morning US sessions, presenting a potential strategic entry opportunity for traders.
If profit-taking occurs and prices continue to fall, spot gold (XAUUSD) could test the 5-day moving average at $2,697.82. A break below this level may trigger a move towards the 20-day moving average at $2,660.41, with further declines potentially reaching the October 10 low of $2,604.15. On the other hand, if upward momentum persists, gold could attempt to set a new record high. However, based on my analysis, spot gold prices are expected to experience profit-taking, with a potential decline of around 3.00% to 4.00% from recent record highs in the coming days.
MCX December Gold Futures price of ₹78,460 per 10 grams reached an all-time high today, acts as a key entry point. Potential downside targets include ₹77,294 per 10 grams, the low from last Friday. A breach of this level could lead to a test of last Wednesday's low at ₹76,360 per 10 grams, with further declines possibly reaching last Tuesday's low of ₹75,766 per 10 grams. A drop below this level would indicate a significant downtrend, with the next support likely around ₹74,757 per 10 grams, this month's low (October 10 low).
Holding Period – Maximum 2/3 weeks.
In conclusion, the current dynamics of the gold market suggest that traders should remain vigilant as profit-taking appears imminent, with expectations of a potential decline of 3% to 4% from recent highs. Key technical levels, including the 5-day and 20-day moving averages, will serve as crucial indicators for market direction. Should gold prices breach significant support levels, such as those observed last Thursday and Wednesday, it may trigger further declines, warranting careful consideration of entry and exit strategies. Conversely, if upward momentum resumes, there could be opportunities for new record highs. As always, a thorough analysis of market conditions, combined with a disciplined trading approach, will be essential for navigating the evolving landscape of gold investments.
Gold as expected upmove continue 77300 support 78780-890 Target Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Gold Taking Rejection from Supply Zone .Gold Taking Rejection from Supply Zone . if sustain then we can see a downward trend till Demand Zone .
Gold buy given from 76000, 77780 Target hit book profit go nutrlDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Gold until 76460 not break buy on dip 77780 Target Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
gold shortGold as per daily chart is showing negative rsi divergence, top resistance on trendline has not been broken, here gold is short with sl 76980 for tgt 75450. Also arbitrage of silver and gold is pretty high, either silver has to come up or gold has to go down, the latter seems fair
Gold support 76000-75750 resistance 76840,77784,78732-78989Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Gold Zone to Zone Trading Gold Took Rejection from Demand Zone .
now the target is supply Zone . Target Done .
Break out of Supply Zone, Retest now target is XI Zone .
Zone to Zone trading .
Institutional level trading.
Trading made Easy .
