gold mcx or spot update edu pur.gold mcx 73450 looks zoomed up 74000 expect in spot stya abv 2405 looks zoomed 2430+++++ seller be alert abv lvl
GOLDGUINEA1! trade ideas
Gold we can see good fall in few days 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 trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
GOLD MCX UPDATE || MAY 15 - 16Technical Analysis - Potential Cup and Handle Formation
Timeframe: 1 Hour
Pattern: Cup and Handle (developing)
Buy Zone: 72400 - 72500
Target Zones: 72800, 73000, 73200
Rationale:
The chart appears to be forming a cup and handle pattern. The cup is a U-shaped price movement that indicates a period of consolidation after a price increase. The handle is a smaller, downward price movement that breaks the consolidation slightly before resuming the upward trend.
Confirmation:
Breakout: A confirmed breakout from the handle (trading above the handle's high) would strengthen the bullish case.
Volume: Increased volume on the breakout would add confidence to the signal.
Risk Management:
Stop-Loss: A stop-loss order can be placed below the handle's low to limit potential losses if the pattern fails.
Notes:
This is a developing pattern, and confirmation is needed before taking a trade.
Technical analysis is not a perfect science, and other factors can influence the price movement.
Always conduct your own research and due diligence before making any investment decisions.
Gold sell , we will see good fall in few days 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 trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Gold MCX June Future Weekly Chart Technical Analysis 6-10 May📊 Gold MCX June Future Weekly Chart Technical Analysis 6-10 May, 2024
🎯 Weekly Movement Point: 70745
🎯 Weekly Range in Points: 1597
📉 Buy Above: 71140
📉 Average At: 70952
🎯 Buy Target 1: 71732
🎯 Buy Target 2: 72342
🛑 Buyer Stoploss: 70608
📉 Sale Below: 70763
🎯 Sale Target 1: 69758
🎯 Sale Target 2: 69148
🛑 Seller Stoploss: 71295
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GOLDBEES | Investment OpportunityDisclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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Gold again sell at 71100 -71200 SL 71500 Target 6980,9200,68500On 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 trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
MCX GOLD for May 2024?Gold was taking a breath on last two weeks. This is unlikely to be a signal for a continued downtrend. More upper levels are expected.
Gold MCX Future Weekly Analysis 29Apr - 3 May📊 Gold MCX Future Technical Chart Analysis
📅 5 June Future
🎯 Range Point: 71500
🎯 Weekly Range: 2093
📉 Buy Above: 71495
📉 Average At: 71249
🎯 Buy Target 1: 72793
🎯 Buy Target 2: 73593
🛑 Buyer Stoploss: 70798
📉 Sale Below: 71002
🎯 Sale Target 1: 70207
🎯 Sale Target 2: 69407
🛑 Seller Stoploss: 71699
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Sideways to negativeAll important thing is mention in charts, it's very simple analysis, please like & shere
gold spot or mcx update edu.purupdate views-- gold spot abv 2347 looks upside 2355--2358 than after 2375+++ expect today where support 2337 if blw than mkt dwn side possible 2322--2325-- in mcx abv 71630 abv looks mkt 71780--72000 than after 72380-++++++ support indicate 71478 --71500 if break than more dwn side possible
Gold daily chart - ReversalGold on daily chart price is trading at 71160 level. Having a strong support at 70600, On the upside 71800 will be a resistance zone.
gold spot or mcx analysis blw edu . pur.gold spot eys on 2290 if stya blw eveng time thna nxt dwn ward soon 2260--2230+++++++ where hurdl 2325 only stya abv thna looks r turn possible in mcx 70789 abv will u turn possible other than mkt soon 69000++++++
Gold Chart - A bullish bet for long term.Gold did a breakout a couple of weeks ago. it has retraced steeply in the last 2 sessions.
it has seen taking strong support at 70819
The long-term view for gold looks positive, and the trend will likely stay intact as the monthly MACD is up.
we may see retracement or correction in short term but for long term the view is bullish.
gold mcx or spot update blw edu.. purgold spot bwl 2345 blw looks dwn 2332--22 in mcx stya blw 71550 looks dwn fall till 71330--210++++++ where hurdel 2355 or in mcc 71779 only stya abv thna reversal possible one can sell on rise with hurdel sl
#Gold Update | April 2024 | MCX#Gold Update | April 2024
Timeframe: 4-hour
Gold found support at 71220 and rebounded similarly to the previous week's low.
Bullish sentiment prevails above 71630, while a bearish trend is anticipated below 71220. Stay tuned for a potential breakout.
Gold MCX 5 June Future Weekly Technical Chart Analysis 22-26 Apr📊 Gold MCX 5 June Future Technical Chart Analysis
🎯 Range Point: 72806
🎯 Weekly Range: 2115
📉 Buy Above: 72507
📉 Average At: 72258
🎯 Buy Targets 1: 74113
🎯 Buy Targets 2: 74921
🛑 Buyer Stoploss: 71802
📉 Sale Below: 72008
🎯 Sale Targets 1: 71499
🎯 Sale Targets 2: 70691
🛑 Seller Stoploss: 72713
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Gold MCX Future Weekly Technical Analysis Details:
Traders gearing up for Gold MCX Future should prepare for an eventful week ahead, characterized by clear levels and a defined weekly range.
Key Levels:
Range Point: 72806
Weekly Range: 2115 points
Buy Scenario:
Traders eyeing long positions should closely monitor the market for an uptick above 72507. Establishing an entry at 72258 may provide a stable average position. Target objectives for buyers are set ambitiously at 74113 and 74921, indicating potential bullish momentum. To safeguard against downside risk, a prudent stop-loss is recommended at 71802.
Sell Scenario:
Alternatively, a decline below 72008 could signal opportunities for short positions. Sellers targeting 71499 and 70691 should exercise caution. Implementing robust risk management strategies is essential, with a stop-loss set at 72713 to mitigate potential losses.
As traders navigate the Gold MCX Future, a comprehensive understanding of these levels and disciplined risk management practices will be critical for seizing opportunities while managing risks effectively.
GOLD can continue to SHINEGold 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 or mcx update blwgold 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
Gold sell on rise till ATH not break we get 2900 points upsideOn 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 trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Gold MCX Future Weekly Technical Chart Analysis 15-19 Apr, 24Gold MCX 5 June Future Technical Chart Analysis
📊 Range Point: 71843
📈 Weekly Range: 3515
🎯 Buy Above: 72615
🎯 Average At: 72201
🎯 Buy Target 1: 74015
🎯 Buy Target 2: 75358
🛑 Buyer Stoploss: 2357.88
📉 Sale Below: 71786
🎯 Sale Target 1: 69671
🎯 Sale Target 2: 68328
🛑 Seller Stoploss: 72957
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Bold move of gold is about to hold1. 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 spotted 2 such a structures
4. Deviation from 200 ema
Considering these counts, price could come to 67600 Or 62500, this would be complex correction & expected to see flag formation.
