GOLD1! trade ideas
GOLD seems bullish these daysMCX:GOLD1! is looking bullish to me. Golden crossover is about to happen and RSI is also showing strength. Very soon we should see 48k levels.
SellSell Gold on rise around 47900 stop loss 49300 on daily closing basis for target of 40500.
Disc : It's not an investment advice to buy or sell. Pls do your research before taking any trade
Gold Ready to Resume its Uptrend Anytime SoonGold has been correcting for some time and touched a low of 0.618% of its previous rally and getting support at 0.618% levels. Gold is slowly coming out of correction mode and slowly its gaining momentum and resuming its uptrend. Bull Power has crossed Bear Power upwards which is showing Bulls are now taking control slowly and steadily.
Once Gold resumes its uptrend, then Targets where it may get resistance are R1: 1850-60 R2: 1900-20 R3: 2040-50-60-70.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.
Gold positional viewGold positional view - Close below B point in day TF in green chart then valid
Long range - 45033-44600
SL - 44108
Gold Futures taking support on trend lineGold Futures broke trend line resistance and pulled back acting same trend line as a support.
Expect the gold price rise further
Outlook: MCX Gold downtrend stopped at 46720Key Levels: 46720, 46250.
The corrective nature of the latest rebound suggests the Gold decline will continue. A break of hurdle will raise the possibility of the impulsive decline from near 46720 . A strong selling signal will come after a breakout of 46250 levels. So, intraday (day) traders can start selling between hurdle and breakout levels for the target of 46000 - 45460 - 44900 below.
But according to the current situation, gold is trying to recover the loss from the last 2 weeks' events. It's not sellable until following the above scenario. We can see the gold prices at 48000 - 49000+ in the upcoming days.
Watch significant releases or events that may affect the movement of gold, silver & crude oil.
Monday, Jun 28, 2021
11:00 - Gold Index
Tuesday, Jun 29, 2021
19:30 - CB Consumer Confidence (Jun)
Wednesday, Jun 30, 2021
2:00 - API Weekly Crude Oil Stock
17:45 - ADP Nonfarm Employment Change (Jun)
19:30 - Pending Home Sales (MoM) (May)
Gold Future Analysis Gold Future had Completed 3rd Wave in Major , now 4th going on (in 4th wave A has already came down in 12345) , and B wave also going to up near 49000 now C Wave Come to near 37500. this is Educational Purpose only NOTE: (Im Not SEBI Registered Analyst this is only Educational Purpose only)
gold chart patternGold
breakout of this pattern will boom🔥
easy tgt 49000
tgt till jan 65000
trades keep enjoying support game
investors literally have gold🔥😅
gold triangle patternmcx gold trade in a triangle pattern.. proper analysis and take a trade at your own risk... all details in above chart...
