#GOLD waiting for CPI data to gauge momentum. Keeping an eye on key economic indicators for potential market shifts.
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...
#Gold Setup For this Week 📊 Time Frame : Daily 📉Strategy : LONG 📆 08.01.2024 As observed, gold formed a significant liquidity gap between 62640-62720 and a second one in just 4 days. The gap created on January 2nd led to a drop in gold prices to 62180. ________________
5888 - 57500 will be investor buying zone , which is 6-8% away from friday close, and for trader they been looking the triangle pattern breakout would rather wait and buy instead of shorting the gold (following the long term trend) based on my fib projection the price here has reached overbought zone which needs a correction for futher continuing the uptrend...
eys on 2058$ in mcx 63180 stya blw looks dwn fall till 2047--2040 in mcx 63010--62930 yes toda job deta looks up side so profit booking possible
eys on gold spot 2070 sustain abv will see mark 2100$ soon as per chart where support 2060 blw will panic will start till 2052-45$ in mcx abv 63180- no worry for bulls decat rally may be possible buy on dips with strong sl 63111 tgt 64000++++ expect
GOLD Breakout possibility of 70000 by April 2024. 10% upside. ATH breakout.
🔸Timeframe: 4 hour 🔸Intraday strategy: Neutral 🔸Long time Strategy: Long Following the holiday break, gold has risen, and forecasts anticipate a further increase. Expectations of Federal Reserve interest rate cuts, coupled with lower-than-expected Core PCE index data, are driving investor interest and providing opportunities for gold price growth. If...
Gold taking supports after breakout. Again ready for next move
eys on 2065 if sustain abv or closed thna nxt rally 2100-2130 soon no if na dbut where support 2030$ for reversal dwn in mcc stya abv 63180 or closed abv 2days thna nxt rally 64000++++++ be alert!!!!!! seller keep eyes on lvl only
🔸Timeframe: 1 Day 🔸Strategy: Long Gold's bullish view remains valid as long as it sustains above the resistance level of 62800. However, the bull view would be invalidated if the price falls below 61640. There's a notable probability of rejection from the 62800 level. If there's a trend reversal from this level, I'll provide an update beforehand. Stay tuned...
mcx gold sustain abv 60700 than looks up side 60880--940--63000+++ yes where support 62500 only stya blw thna dwn side expect yes gold spot eys on 2047 if styaa bv thna soon 2066$ expect
Hi all, this analysis would be based on Elliott wave and neowave concept. At 1 day time frame you will see market making terminal pattern (Expanding diagonal)- this also know as expanding wedge which has 5 waves unfolding, each wave further unfold in 3 sub waves. long target for 5th to complete is 73500 Short trade setup ideas when you zoom into 15 min chart...
GOLD - 3% upside possible in next 2-3 weeks Hourly CUP Pattern formation in Progress further breakout on it will give other 3% upside ... so expecting 5% upside by Jan end.
Gold prices are hovering near 62,064 INR, trapped within a bearish AB=CD pattern that could trigger a further decline in the near future. The pattern's completion at the 161.8% Fibonacci extension level suggests a potential downside target of 59,325 INR. However, a break above the pattern's upper trendline at 63,000 INR could invalidate the bearish bias and open...
Time Frame : 1 DAY Strategy : SHORT ➖➖➖➖➖➖➖➖➖➖➖ RSI is signaling a potential decline in gold prices from the 62200 level, implying that the market may be overextended, and a downward correction could be expected. More details soon. ➖➖➖➖➖➖➖➖➖➖➖
GOLD Breakout on Weekly charts suggest 90000+ Targets in 1.5 - 2 Years. Multiple Chart Patterns breakout seen - Cup & Handle Pattern / Triangle breakout / Channel Bottom formation. Happy Investing.
Market Analysis NO Exact view on Nifty and Banknifty , so maintain proper stoploss GOLD SILVER CRUDEOIL look bearish , can test lower level that are discussed in the video...