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GOLD1! trade ideas

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.
COMEX:GC1!Long
by Gann-Elliott-Trader
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)
MCX:GOLD1!
by freestocktips
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