Can give an upmoveGold futures have retested a strong support and resistance zone and also breached a short term S/R zone. Looking good at CMP 50415 - safer above 50,600 for positional targets of 50945 and 51250.
Learn & Earn,
Dr. Tanya Kumar
GOLD1! trade ideas
MCX Gold trading in range onlyGold earlier risen with volumes in 2020 from 32500 to 44000 mark. Recent price action from 44000 to 55000 was with low volumes. Gold will be in range between 48000 to 52000 levels on MCX. Only support for Gold is due to INR devaluation and macro disturbance.
gold in support range for long termgold may be bullish from 1770 for long term, but follow to exit, if made low 1670..(Base line)
Gold Short (12 May)Gold Short (12 May)
Sell at- 50810
SL- 50925
Target- 50620, 50510
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
data recordThe time zone that recorded two significant divergences between the price of gold and the real interest rate
Gold Price Predictions for 2022In the previous trading session, MCX Gold made a high of 51538 and closed at 51343 ( +444 ). A question is, is it moving upward?
To identify uptrend:
There are two hurdles to continuing the uptrend. It should break out the 5th May high or settle above the control line.
According to the above chart, Gold is forming a bullish flag pattern. And we're waiting for a breakout of the flag pattern. This breakout will skyrocket the gold price, and we can see 6400+ points of bullish movement here. Long-term target for gold 58000 - 60000 .
Gold downtrend confirmation:
But if gold breaks the support trendline (invalidation), then a downtrend may start. And if it happens, I will update you asap.
At present, intraday traders can keep buying for targets of 51500 - 51800+ levels.
Watch significant releases or events that may affect the movement of gold, silver, and crude oil.
Monday, May 09, 2022
04:30 FOMC Member Bostic Speaks - Medium Impact
11:00 Investing.com Gold Index - Medium Impact
18:15 FOMC Member Bostic Speaks - Medium Impact
Tuesday, May 10, 2022
17:10 FOMC Member Williams Speaks - Medium Impact
18:00 FOMC Member Bostic Speaks - Medium Impact
21:30 EIA Short-Term Energy Outlook - High Impact
Wednesday, May 11, 2022
00:30 FOMC Member Mester Speaks - Medium Impact
02:00 API Weekly Crude Oil Stock - Medium Impact
04:30 FOMC Member Bostic Speaks - Medium Impact
18:00 Core CPI (MoM) (Apr) - Medium Impact
20:00 Crude Oil Inventories - High Impact
22:31 10-Year Note Auction - Low Impact
23:30 Federal Budget Balance (Apr) - Low Impact
Thursday, May 12, 2022
10:30 Natural Gas Storage - Low Impact
13:30 IEA Monthly Report - Medium Impact
Friday, May 13, 2022
08:30 Import/Export Price Index (MoM) - Low Impact
11:00 FOMC Member Kashkari - Medium Impact
12:00 FOMC Member Mester Speaks - Medium Impact
13:00 U.S. Baker Hughes Oil Rig Count - Medium Impact
Gold : bullishDouble bottom and a triangle pattern both are giving A short term bullish view on Gold upto 50600.
And long term view is also very bullish may approach nearly previous high 5600.
Gold M levels for 26-4-2022It is possible to test upper trend line and fall from there, IF RSI indicator stable in between 60-40 zone in 1 hour tf, no trade today.
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. If you follow diagonal trendlines you can take entry and exit easily. (Color code (only for diagonal trendlines ): green - bullish, red - bearish, black & violet reversal points). If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. It is all your own risk.
W pattern in Gold. Bullish signs ahead?Although I am more of a trend follower, dabbling into Technical Analysis always excites me (which is literally opposite to the philosophy I preach). You can call out the contrarian in me and I will not have any issue with it. :D
Anyway, this example is another classic 'W' in the making. Once the resistance line is broken, there should be no looking back in short term.
Goldm level for 19-4-2022Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. If you follow diagonal trendlines you can take entry and exit easily. (Color code (only for diagonal trendlines ): green - bullish , red - bearish , black & violet reversal points). If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. It is all your own risk.
INVERTED HEAD and SHOULDERMCX Gold Futures made a inverted head and shoulder pattern , the breakout of which can pish the gold prices higher towards 53600 levelz
SL can be maintained @ashish9552516501
WAIT for a daily close above the NECKLINE to confirm the breakout.
Disclaimer Educational view
Gold BUYBuy Gold
Price -₹53000
Stoploss -₹52700
TGT -₹53600-54700-55870
Strong technicals
Economic uncertainties
Rising inflation
Gold! Let it Pause and Turn.COT Data for Gold is looking Weak. Upmove is on low volumes. Wait till it pauses and turn down. Commentary on Chart
Gold Mini reversal zones for 11-4-2022Try to buy at low and sell near high until final levels break.
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels. It is all your own risk.
GOLDM - On a junctionBreak & Sustain above 51700 will will take near 52k Zone
Also
Break and Sustain below 51500 will bring it back to 51100 Levels
GoldM level for 6-4-2022GoldM is in neutral trend, try to buy in dip and sell at peak.
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels. It is all your own risk.
Gold is Headed for Best Times in its Recent HistoryGold is a Hedge against Inflation and as well as Uncertainity, Best Suitable for Current Environment
Monthly candle in gold seems bullish patternThere is a classical pattern (cup and handle) found in Gold for long-term journey.
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones to take entry with small stop loss.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels. It is all your own risk.
Monthly Candle in Gold seems bullish for longtermThere is a classical pattern found in Gold for longtern journy.
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones to take entry with small stoploss.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels. It is all your own risk.
GOLD FUTURES ANALYSIS Hello, gold futures analysis on 2hr chart buy: 52,000 target: 53,200 stoploss: 51,750.
LOGIC BEHIND TRADE : Gold futures has formed W pattern on 2hr chart & given breakout of resistance, buying on pull back is strategy RR is good in trade (target identified from harmonic xabcd pattern level 0.886) stoploss is taken low of resistance candle. MCX:GOLD1!
