In June, XAUUSD and MCX Gold crash due to FOMC events. It has recovered almost 60% to 70% loss in the July month. You can read the previous articles of Gold to catch the next move.
This week gold may remain downside until it breaks the levels of 48520 . It can be up to 47580 - 47200 . But, once it crossover the 48520 levels, then it will become unstoppable...
Gold broke out of smaller IHS within the bigger IHS handle
Current price - 48300 , Target 50300, SL at 47400 on closing basis
It should come within 3 weeks
#Gold
Gold in IHS pattern , looking for a breakout between 48900-49000 for a target around 55000
This move is going to be very swift with target going to be acheived in 2021 - most likely by October
Gold is forming a Inverse Head and Shoulder Pattern. Once the neckline s broken we can see a surge in gold price.
Entry :- 48700 - Buy after neckline breakout ( should happen around 48600-48900 range)
SL :- 47200
Target :- T1- 51500 , T2- 53200
Sell 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 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...
Key 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...
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)
