ORO1! trade ideas
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.
breakouttrendline breakout happened in goldm watch for downside according to the fibbonaci levels ,educational purpose only
Gold Mcx
Gold Mcx
Expect near term correction to sideways volatility
unless 49800 is crossed immediately
for trend trend breakout.
RSI has shown a negative divergence.
A fall today with bearish candle suggest a swing top
for near term correction and sideways volatility.
A retracement of the last rally could happen
for correction and consolidation before making any
further attempt to move higher.
Confirmation of correction can be below today low from
tomorrow onwards.
GoldGold 1hr made supply zone and price retest it ..sell here and target next support zone around 49150.
MCX Gold: Descending Channel Pattern with Breakout at UpsideMCX gold will keep moving further advance up to the targets of 50000 - 51000 levels. But after the first target, gold will try to take a reversal for 0.382 to 0.236 levels of retracement.
Long-term Targets: 51575 - 52492+
