Something cookiing in gold mini. weekly contraction + traingle breakout on cards. rsi near 60 too once it breaches 60 can pick up some momentum.
Detailed Analysis is given on chart
DISCLOSURE
This is only for educational purpose
This is not a recommendation
I am not SEBI registered
Do not TRADE/INVEST basis what I publish here
I am not responsible for your loss or gain
It is prudent to assume that I have ulterior motives in publish this
I and my clients might or might not have a position, I and my clients might or might not have a opposite position
DISCLOSURE
This is only for educational purpose
This is not a recommendation
I am not SEBI registered
Do not TRADE/INVEST basis what I publish here
I am not responsible for your loss or gain
It is prudent to assume that I have ulterior motives in publish this
I and my clients might or might not have a position, I and my clients might or might not have a opposite position
GOLDPETAL JAN 2022 For intraday he price is expected to rise today as both the super trend and Eponential Moving Avg both indicats a postive trend
One can trade at CMP 4818 may be used as a buying opportunity for a upside target of 4828/48032 with a Stoploss 4795
Gold may further fall below 47800
Expected to 47690
A Harmonic pattern is visible to justify.
Study yourself and is not a recommendation.
Information given for Study purpose only
Gold Long
Buy at CMP- 47920
SL- 47780
Target- 48066, 48125, 48195
Join us, Learn more, Earn more
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
India Gold (MCX): Corrective Wave B seen completed in a narrow range 45000 to 50000. Now expecting 38000 in Wave C in a few months. Close above 49000 should be stop-loss.
The trend is been showing that the gold is giving a indication of downfall for some trading sessions. It is better to do short selling and go for short persiod if the person doent want to take risk
