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.
Gold Ten Futures
GOLDTEN1! trade ideas
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
MCX GOLD - ONE MORE SHORT ATTEMPT ?MCX GOLD is currently trading at 68900.
I shorted GOLD twice in last three weeks. One position was closed in 700 points profit and other went 1000 points in profit and then closed CTC.
I'm shorting MCX Gold Futures once again at CMP 68900. I will add more short position if 69600 comes & will hold with SL above 70100.
I think rally in gold is about to end and I'm expecting Gold to fall soon & change its trend from bullish to sideways - negative. M pattern is in making in 4 HTF.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Gold : Bullish Flag breakout to beGold after a good rally consolidate in the form of bullish flag. Now it's time to breakout.
Breakout above 66000
target will be 69500-69600
stop loss 65400
A clear uptrend is very likely to begin.
Put Stoploss will on closing basis.
(In Trading Time it may go above/below stoploss But closing price is most important).
These are levels are generated on the basis on Fibonacci Series
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand Risk in trading before taking any trade with your financial consult. I am only sharing my knowledge it may be right or sometimes wrong so I am not liable for any loss.
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Going against the trend on Gold (position Trade)after the gap on 21st the buying potential looks faded and we can see a strong rejection
then we have 4h bearish fvg and then filtered with 15mn another bearish fvg
which is at the level of 66400 could be the selling or short limit with sl of 66800 and target of 65200 and second target at 64400
Gold MCX JUNE Future Weekly Technical Chart Analysis 1-5 April🪙 GOLD 05 JUNE WEEKLY FUT TECHNICAL CHART LEVELS
🎯 Weekly Range: 1992 Points
📉 Buy at: 67089.06 | Average at: 66854.0
🎯 Buy Target 1: 68908.06 | 🎯 Target 2: 69669.0
🛑 Buyer Stoploss: 66425.06
📉 Sell at: 66618.94
🎯 Sell Target 1: 66445.94 | 🎯 Target 2: 65685.0
🛑 Seller Stop-loss: 67282.94
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Rally is about to end in MCX GOLD ?MCX Gold has rallied one way from 62000 to 67000 in last 5 weeks without any major retracements.
Gold is currently respecting a rising channel pattern & currently trading at higher end of this channel pattern. I'm expecting gold to correct and touch bottom of this rising channel.
I tried to short gold last week but it went sideways so I had to close. Closed that position in 700-750 rupees in profit.
I am seeing a trading opportunity in gold.
Here's a trading opportunity.
GOLD CMP - 66780
I'm taking short positions in Gold June Future at CMP 67160.
Holding Future short position with Stoploss 67600.
I'm also planning to short MAY 65000 CE positionally which is now trading at 2500-2600.
I'm expecting a correction in Gold very soon.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
#Gold | MCX update: Mar 27
🔸 Entry Points for Selling Gold
Timeframe : 4 Hour
📈Technical Analysis - Weekly
Observing a rising wedge pattern forming.
Gold price sustaining above the wedge, indicating potential downward movement.
🔸Short-Term Analysis
Triangle pattern breakout expected.
🔸Below breakout point: 66300.
Target: 65800
🔸Above breakout point: 66450.
Target: 66800
#2 GOLD Update - know where to buy and sellIf, price below 61450 will trigger the liquidity of trades who entered recently
because the price have not mitigated the order block below it 61200 and 61100
On the upper side, above 62700
63200 - 63400 - 63800 will be the sellers order block and fair value they will look to sell
the remaining levels will be choppy
trade level to level
Gold Long side trade idea (Liq sweep or run??)Long side trade has two condition to consider
either SWEEP OR RUN on liquidity
1 run >>> price will fall back and mitigate the pending fair value area at 2020 lvl and then run towards 2050 and 2089 as all time high
2 sweep >>> either price trap the weak hands by making a up move and then fall back to fvg area and then go to meet the target of all time high