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Gold is known as a hedge against Inflation and currency devaluation. It is following the Time Cycle very well as u can see in this chart. Accumulating gold at current levels and on dips a can be a good strategy to ride the trend towards 70000 levels as long as 62000(cycle low) is held on the downside.
gold spot blw 2350 looks dwn fall till 2338--32 or blw 2330 more dwn fall til 2302$ in mcx styablw 71700 looks dwn fall 71580--310++++ where hurdel 72300 only stya abv thna mkt up side rally all eyes on middle east tension
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
1. Price is out of regression,
Thats an outlier movement, which explained the intensity of the impulse, its a characteristic movement of 3rd wave
2. Internal wave structures & Primary wave analysis,
5 sub wave of 3 primary wave is am extension wave, price structure is quite stiff and resembles with Climax Top
3. Cup & Handle pattern target has achieved, have...
Gap has been created in the chart.
Gap analysis can reveal the phase of the trend, (beginning, middle or end).
Runaway gaps are not filled immediately, showing the trend is in the middle phase.
While exhaustion gaps are filled quickly, signaling the end or slowing down of trend.
Gap will be filled it it retraces back to 67848
Additional it is important to...
MCX GOLD is currently trading at 68900.
I shorted GOLD twice in last three weeks. One position was closed in 700 points profit and other went 1000 points in profit and then closed CTC.
I'm shorting MCX Gold Futures once again at CMP 68900. I will add more short position if 69600 comes & will hold with SL above 70100.
I think rally in gold is about to end and...
eyes on 70600 if hold abv than nxt up side 71300-500++++ laxman Rekha 71578 if stya abv or close abv 2 days than see 72700+++++ no if d but ---- yes spot abv 2350 stya abv or close 2 days 2390-2420++++++ yes no positional sell side abv lvl hold if--
gold mcx stay blw 69650 or 2290 spot looks dwnn 69380--220++ in spot looks dwn 2274+++ or more where hurdel 2297 or in mcx 69888 only stya abv or close thna nxt rally possible
gold mcx styaa bv 68700 looks up side 69000--69300 expect spot gold abv 2260 zoom expect 2270--90+++++ support 2245$ only blw more dwn more lvl stay tuned with us
gold spot crossed 2200 now looks up side 2230--45++++ where support 2185 find only blw may some dwn correction ahead in mcx june gold stya abv 67379 looks up side 67700-68000+++++++ buy on dips sl 67171 use --edu pur--
Gold after a good rally consolidate in the form of bullish flag. Now it's time to breakout.
Breakout above 66000
target will be 69500-69600
stop loss 65400
A clear uptrend is very likely to begin.
Put Stoploss will on closing basis.
(In Trading Time it may go above/below stoploss But closing price is most important).
These are levels are generated on the...
Breakout above 63360 buy above 63360 target will be 70000-70500 stop loss 62000
A Bullish Descending Flag Pattern is about to explode it's energy to throw Gold price very high.
