As per vol spike and stochastic RSI sign, gold will perform downside. It could hit 44000 – 43860 levels.
Keep your eyes peeled at 45300 levels. Above it, 46500 – 47300+ levels are waiting. Intraday traders can use it as a hurdle.
Don’t forget to note down fakeout.
There are two ways this can go!
1. Daily chart breaks the support and falls (after a retest probably)
2. daily chart takes a support from here where 2 HR there should exist a bullish divergence in the MACD histogram and should start going up!
Points to note: Weekly chart has a bearish divergence and daily chart also has a bearish divergence! So probability of...
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We may or may not have position in the stocks mentioned here.
MCX GOLD Future market
LONG @ 46557
SL @ 45421
TARGET 1 @ 46898
TARGET 2@ 47125
TARGET 3@ 47693
MASTC:- Moving Average & Supertrend Cloud
This MASTC indicator is a combination of Moving Average & Supertrend with default value of 10 & 10,3.
SuperTrend is one of the most common ATR based trailing stop indicators.
A simple moving average (SMA) is an arithmetic moving average calculated by adding recent prices and then dividing that by the number of time...
Global financial powerhouse Goldman Sachs raised its gold price forecast this week,
expecting the rally to continue due to currency debasement fears and economic
uncertainty caused by the coronavirus crisis. Goldman Sachs lifted its three,
six and 12-month gold price estimates to $1,800, $1,900 and $2,000 per ounce,
from $1,600, $1,650 and 1,800 per ounce,...