This recent up move is just a pullback which did not retested out ob it is heading back to retracement area of 0.7 and 0.5 lvl but for short time gold is like to hover within 0.5 - 0.7 level (59665 - 59385) and there after there is resistance above at 60150 cant fit in with good risk to reward for investing or value buying better to avoid fomo 59970 and...
Reason for Fall - Due to the strengthening of the US dollar, metals came under pressure. Technically, a falling wedge pattern is forming, and the market could break out at any time. Astrologically, market sentiments are upside for the coming sessions, based on current planetary positions and movements. Next Support between 58000- 57800
Gold Mcx Hammer found near support Target - 59259 Stop Loss (Closing basis 1hr time frame) - 58670 Risk - 1 Reward - 4 Disclaimer - This chart is only for educational purpose Do your own study before taking any trades
Here, is the chart of Gold, which looks slide from here.... What's your Outlook?
gold spot stya abv 1929 thna expected touch 1933-38++++ in mcx 58950 if sustain abv thna looks 59100+++++ where if hold blw 1929 thna again dnw side 1922-19++
Trend analysis is a technique used in technical analysis that attempts to predict future stock price movements based on recently observed trend data. Trend analysis uses historical data, such as price movements and trade volume, to forecast the long-term direction of market sentiment.
Gold prices are expected to trade in a range of 56,000-58,500 rupees per 10 grams this week, with a downside bias. The US Federal Reserve's commitment to a more aggressive monetary policy stance is likely to weigh on gold prices in the near term. However, gold could find some support from a weaker rupee and rising geopolitical tensions. If gold reaches between...
Technical Explanation: Gold is currently in an uptrend, as evidenced by the higher highs and higher lows that it has been making. The 59400 level (R1) is a key resistance level that gold needs to break through in order to continue its uptrend. If gold is able to sustain above 59400 (R1), then it will be a bullish signal, and further levels can be expected. ...
You can't afford to miss this rally. #gold Always trade what you see, not what you feel. Regards, SG
After very long consolidation gold made bottom Sign 1 twizzer bottom candle sticks Sign 2 open= low and closed yesterday's candle decisively Now I can say that bottom done It's buy on every dips now
MCX Gold Trg 58500 & lower . Sl 59500 Looking weak. Can expect lower levels. Probable Trend change dates given on chart.
we have captured the down trend since the beinginng on trend change currently price has breached some fair value area and ob's from medium time frame as i have captured the big trend personally i wont be shorting instead will wait for my buying zone 58810 and 58665 is new current resistace 58275 and 58120 is the level where price would like...
price hovering near high time frame resistance zone let price pullback to 59520 - 59475 stop loss 59700 target 59050 and 58850 *adjust qty size as per risk or stop loss*
sell gold 59070--100 sl use must for spot price1926 tgt 58920--750+ silver stya blw 71800 looks dwn fall 71300-71110+++ expect spot blw 22.90 looks dwn 22.70-50
Gold Analysis for the Upcoming Week on MCX, India Date: 20th August 2023, 18:03 hours Technical Overview: Recent Performance: From 8th May to today's date, gold prices have witnessed a significant decline of approximately 5.49%. Moving Averages: The gold price has recently breached the 50-day moving average, which stands at 58,980. The 200-day moving...
Some selling is expected in gold Major support near 58700 followed by 58400/58000 Resistance near 59100.
Trend change dates mentioned on the chart. Trend change cld be : from up to dwn or sideways or dnw to up or sideways or sideways to up or dwn
sell gold 59420@--470 sl 559 tgt 59120 yes gold spot blw 1932 sustain than nxt dwn fall 1925--20+++++ looking sharp correction here trade with sl