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 Mini Futures
GOLDM1! trade ideas
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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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
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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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 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 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 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.
Gap or Trap?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 know that:
Exhaustion gaps are not guaranteed to be filled quickly, and some may persist.
Runaway gaps can also fill eventually, but it takes longer compared to exhaustion gap.
Gold MCX Future Weekly Analysis 08-12 April Also For Options📊 GOLD 05 APR WEEKLY FUT LEVELS
🎯 Weekly Range: 2636.00
📉 Buy at: 69692.05
🎯 Buy Target 1: 72265.05
🎯 Buy Target 2: 73272.00
📉 Average Position: 69381.00
🛑 Buyer Stoploss: 68813.38
📉 Sell at: 69069.95
🎯 Sell Target 1: 69006.95
🎯 Sell Target 2: 68000.00
🛑 Seller Stoploss: 69948.62