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GOLDPETAL1! trade ideas

#gold at crucial support MCX:GOLD1! gold on crucial support if break then we might see 47500 sooner or later but at same time it is on support if sustain then daily TF candle play a critical role for swing long. 📝 If anyone facing any issues or not understanding anything than please ask your doubts in comments. Become an independent trader take charge of your own trades Learn . Apply . Grow **whatever charts or levels or ideas we are sharing here or on any other platform are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on it. We are not SEBI registered.
MCX:GOLD1!Long
by linesandlevels
GOLDWait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the pullback. 6. Don’t chase the market. 7. Don’t fight the market. 8. Even in the strongest trends there should be some retracement. 9. The closer the market is to the trendline, the better the risk/reward ratio is. 10. Use ADX to determine the strength of the trend. 11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy 12. Hold trades longer in a strong trend. 13. Wait for confirmation of a trendline breaking before reversing position. 14. Know where the Support levels are. 15. Place stops outside the Support levels. Thank You..
MCX:GOLD1!Long
by Rvkachhadiya
Gold Coming at a Important Price LevelGold is Giving Contradicting Signals at The Moment : Bullish Case : 1. COT Reports are Bullish 2. Weekly Momentum is Still Bullish Bearish Case : 1. Decline on Daily Chart Looks 5 Wave 2. Daily Momentum is Still Bearish What to do then? 1. On Weekly Charts 1650-1675 Area is Very Crucial- It has horizontal solid Support Line, My Channel Bottom and 200 week MA support 2. It may just go Below 1670 to complete ABC Structure 3. So watch this area carefully - Make or Break for gold 4. BUT looking at COT Reports, i will be biased for Longs and wait for Daily Momentum to turn UP.
COMEX:GC1!
by PradeepRajput
Market Trends Market Trends If you have been started to study the price action ,you may have heard of an " Market Trends" or "Type of Trends" or "Market Cycle" . Today we are going to take a small look at the each trend, along with few examples. Later we will publish the whole trend concept. Please remember this is an educational post to help all of our members to understand concepts used in trading or investing. Introduction Type of Market Trend/Cycle 1) Uptrend/Advance Market (Bullish) 2) Downtrend/Declining Market (Bearish) 3) Accumulation at Top ( Range Market) 4) Distribution at Bottom (Range Market) Few Examples Below 1) Uptrend/Advance Market (Bullish) Usually in the Uptrend market, the price will not break the previous support level (Higher Low), It can retest but it will not break the previous support level. If support breaks then the trend will continues toward downside During this trend phase investor/trader become more and more bullish . 2) Downtrend/Declining Market (Bearish) Usually in the down trend market, the price will not break the previous resistance level (Lower High), It can retest but it will not break the previous resistance level. If resistance breaks then the trend will continues toward upside During this trend phase investor/trader become more and more bearish . 3) Accumulation at Top ( Range Market) It is First stage of market cycle.During this phase investor/smart investor will start accumulate the position in a bounded range. This trend phase indicates that a fight between the buyers and sellers,at the end buyers will take over the seller. Breakout Characteristics - High Volume (Demand) and Bullish Candle 4) Distribution at Bottom (Range Market) It is Third stage of market cycle.During this phase investor/smart investor will start distribute the position in a bounded range. This trend phase indicates that a fight between the buyers and sellers,at the end sellers will take over the buyers. Breakout Characteristics - High Volume (Supply) and Bearish Candle Thanks for reading!
MCX:GOLD1!Education
by TheNewsCrypto
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