A triangular pattern is about get completed on daily chart.
rising dollar putting pressure on gold prices but their is higher chances is may go up before festive season.
instead of entering in any trade one should wait for confirmation.
momentum indicators are in week zone.
Gold Oct Short
Sell at CMP- 45970
SL- 46215
Target- 45800, 45670, 45415
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
1. gold is making triangular pattern on daily chart.
2. 45810 is support line. immediate target 46740.
3. RSI show a positive divergence.
NOTE: one should avoid entering in buy trade if USDINR show green light.
Gold Oct Short
Sell at CMP- 45975
SL- 46102
Target- 45800, 45645, 45400
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
clear buying indication now it's giving us. if anybody wants to make position on gold future Oct 2021 please buy at that time. It's a golden opportunity to buy gold...in short tream .
these are the target 45869,45980.46148.46273.46475.46551.46697
and also when you buy gold you can also hold for some days and enjoy your journey. there is 80% chance to achieve the...
Gold Oct Short
price faced strong resistance at 20 day EMA yesterday
Gap down opening today
Sell at CMP- 46280
SL- 46530
Target- 46020, 45848
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
1. Fed postponed bond tempering. ( +ve for gold)
2. china default has been resolved. ( -ve for dollar$ , +ve for gold)
3. festival season ahead
gold might show strength if break triangular pattern upwards. try to buy around 45,800.
This is my trading journal, not a trade recommendation. I Will be Posting and updating the ideas regularly, as market progresses, only for educational purposes for me and others who want to benifit from my experience.
Chart posted to brush up some old concepts.
Shortening of thrust and double bottom
Waiting for breakout from downward channel, then...
Buy Gold 45900 sl 45666 target 46750
Gold ( XAUUSD , $1,802) broke down & support comes at $1,752!
it necessary for gold to cross 1781 today......
else stop loss 1766
Gold Oct Long
Buy at CMP- 46458
SL- 46110
Target- 46760, 46880
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Good Opportunity to invest in Gold. Volatility compression in triangle and consolidation on higher side. Currently, near demand zone ~45900.
Ways to Invest : GOLDBEES, Physical Gold, GOLD1! Contracts on listed on MCX.
Gold Oct Long
Hammer Candle with RSI Confirmation
Buy at CMP- 46175
SL- 45810
Target- 46600, 46710, 46850
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
the right time isnt when the market hits low , everyday is a good time
And the best one to get going in the gold , with dhanteras approaching the following month
people will accumulate gold !!
