I was excited about getting approx 90-100$ last time from 1250$ to 1335$- will this magic be repeated again -well time will let us know. Infact before that magic could even start -I got a supplement bonus of 20$ Bang on Target- Amazingly, it turns from 1200-1201$- Nothing to lose only gain what is the Risk Reward? 20$ Bonus to start the journey 100$- Oval
First, I am looking- gold to cross 1348$- which will give more confidence for 1377$ Target as expected in the range of 1250-1260$ - as per previous update.
Gold price cracked big time last week and the fall was arrested right at the support zone marked in the chart. Price has since been consolidating and the price action indicates the possibility of a bounce. The immediate level to focus-on is the blue line in the chart. If the price manages to clear that blue line via a green WRB (with higher volumes) then the...
The rally is extending upside currently trading@1305$. MCX Gold- Vow Gold Spending Time in the Zone 1250-1260$
Looking for Short Setup. BUT only on Further Price Confirmation
Keep an Eye. Time is fast exhausting for the up move.
Gold with low@1243$ -immediate focus is upside once 1264$ swing is taken out- likely it travels to the zone 1285 -1290$- Rally upside can even extend.
Strong Possibilities of a Correction in Gold. But must wait patiently for more price confirmation.
It's a corrective W-X-Y Pattern where Y-Wave completes 161.8% of W-Wave in the zone 1335-1340$. We need market confirmation which can be looked as buying opportunity going beyond U.S. Elections & Above 1377$ which will be my initial target zone going ahead. Trading Strategy We should wait to see some buyers coming into the zone 1335-1340- once confirmed-prices...
Gold has displayed the tendency to move from one congestion zone to another. Price has been in a congestion zone, a.k.a re-accumulation in Wyckoff terms, for a while now. The next destination seems to be the upper green box starting at $1,530-ish, extending all the way upto $1,804. Let's wait and watch. Pondering if it is time to increase weightage of gold in...
Gold Downside minimum PnF Target 1265-1272 Area. Watch out !!!
MCX Gold Pushes upside 300 Rs in today's session- from 30940 to 31290's
Big Green Candle in the current session is what giving a hope that Gold could peep out of Ending Diagonal.
From the lows of 1045$ in Dec2015- we could be travelling in a ii - wave of larger 5th wave Ending Diagonal- The knee jerk reaction which was seen in Janet's Speech -could be 4th wave in c?- pink wave in ii-blue wave-travelling upside & most obviously. There is a tug of war going between bulls & bears so one should be careful & trade once the market shows the...
As per previous update..Gold- The Yellow metal was struggling..look it leaked as expected.
Gold could move sharply down in 3rd wave once it slips below 1347$ & later going below 1340$-shall put more pressure. We shall look for an equality target of 1325-1330$ first below 1340$ as support zone - likely it should travel atleast that much but usually 3rd waves travel 161.8%-of 1st waves -which comes in the zone 1305$-1310$. Regards, Abhishek H.Singh,CMT