gold 1 hrgold 1 hour chart is sub part of gold monthly chart published earlier so combination of both part is necessary to figure out priceby Cool_BUpdated 2
gold month and beyondgold levels for this month and beyond let me know it is worth publishingby Cool_BUpdated 4
Gold future Ideatoday it is "gap up", price perfectly followed the earlier charts line especially higher time frame line which acts as a resistance for opening price also, the green line representing day range one of many giving idea about day rangeby Cool_BUpdated 0
Gold Future idea for day, 30.01.2023updating recent chart with weekly lines for weekly range hoping for some more "boost"by Cool_B0
#GOLDDescending Low Support on previous high and impulse In Q1 RRG All Timeframes in Momentumby krishnakhanna0
Gold Future IdeaGold is also moving in a channel this is idea is of 4 hr time frame range idea will be provided in comment section read it with "gold month and beyond" ideaby Cool_BUpdated 0
gold range for current year, as of now dollar reached its monthly low level, gold is at its resistance level, silver also its support level all type of markets are on there edge and waiting for real direction which is possible in the month of February i am trying to give gold range for current year which is far more depending on stock market movements nowby Cool_BUpdated 1
GOLD (MCX)GOLD FORMING 5-0 HARMONIC PATTERN AND GARTLEY ON DAILY CHART SELL BELOW 56467 ONLY TG 53600 CLOSING SL 57170 GOLD forming 5-o harmonic pattern on weekly chart .and gartley pattern completed on daily chart Sell below 56466 with closing stoploss of 57200 above target 55200-54400-53500Shortby slkingyogeshUpdated 15
Gold - itching to shortSo, Gold has given a massive runup since the last update in November. The chart seems to suggest that there is a falling wedge forming. For confluence, I have taken into consideration GC1! & 2020 high. If it goes below 2020 high, then it will further go down.Shortby Akshay_bansal0
Gold Long (11 Jan)Intraday Gold Long (11 Jan) RSI- 55 Buy at CMP- 55890 SL- 55785 Target- 56015, 56094 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose. Longby ashwinjethwani14091
Trend Analysis and its Characteristics.MCX:GOLD1! What is Trend and how to identify it? A trend is the overall direction of a market or an asset's price. an uptrend is defined using peak and trough analysis. An uptrend is represented by a series of successively higher highs (peaks) and lows (troughs), while a downtrend is represented by a series of successively lower highs and lows. ->One can identify it by determining peaks and troughs. ->By using trendlines ->Price remaining above or below an overlay indicator. we can quickly identify the general direction of a market or an asset by looking at the price chart but what we have to learn is to identify the quality of the current trend and how we can do that, by gauging the strength of the trend. Here are some significant points which help us in understanding the mood and quality of a trend. The highest skill any trader can aspire to is the ability to read pure price action. 1. Cycle Amplitude Look for decreasing cycle amplitude in uptrends and downtrends. A decrease in cycle amplitude in an uptrend is an early indication that there may potentially be an underlying weakness in the uptrend. In a similar fashion, a decrease in cycle amplitude in a downtrend is regarded as a bullish indication. 2. Cycle Period A gradual reduction in the cycle period during an uptrend is an early indication that there may potentially be an underlying weakness in the uptrend and a gradual reduction in the cycle period during the downtrend is a bullish indication. 3.Average Bar Range A decrease in the average bar range in an uptrend and downtrend is an early indication of potential weakness in the current trend. -> you can track the bar range using the average true range (ATR) oscillator 4.Bar Retracement Symmetry A change in the number of bars in a retracement is also an early indication of a potential change in trend behaviour. 5. Average Candlestick Real Body to Range Ratio A gradual decrease in the real body to candlestick range is also an early indication of potential weakness in a Trend. 6. Angular Symmetry and Momentum Any change in the Angle of trend is significant:- i.) An upside acceleration in price is bullish whereas an upside deceleration in price is bearish ii.) A downside acceleration in price is bearish whereas a downside deceleration in price is bullish. #It should be noted that although an upside acceleration in price is bullish, the uptrend may not be self‐sustaining if the rate of ascent was excessive. Such rapid increases in price usually end in a blow-off or buying climax with prices subsequently collapsing. Similarly, downside acceleration in prices may also end in a selling climax. 7. Frequency and Depth of Trend-Based Oscillations When a trend moves with reasonable retracements not too short and not too big, it indicates a healthy trend which has profit taking along the way as the trend unfolds. Traders and investors tend not to react as emotionally and irrationally at higher prices where the risk of losing pent‐up and unrealized profit is greater. 8.Relative Measure of Consolidation Size and Duration Trend interruptions are more significant if: ■ Price formations are of greater magnitude (taller chart patterns). ■ Price formations develop over a longer period (wider chart patterns). Larger trend interruptions normally tend to lead to a greater probability of a reversal. In a strong uptrend, a larger head and shoulders formation would be deemed more bearish than a smaller formation. Similarly, a larger rounding bottom formation would be more bullish than a smaller one in a downtrend. In short, size takes precedence over form. Moreover, the longer it takes for a consolidation to unfold, the greater will be its disruptive power with respect to the trend, should a reversal occur. By considering these characteristics while analysing trend will give a in depth insight and helps in making more informed and rational decisions. I Hope you found this helpful. Please like and comment. Keep Learning, Happy Trading! Editors' picksEducationby SANJAYPATIDAR_4040714
Gold is in uptrend and it look a good entry level for upside.Gold made a flag pattern and the trend line is broke 1hrs time frame. fib retracement - took support at 38% Target 1 - 5548 target 2 - 5570 (I am on it) Longby iamgouravk1
Cup & Handle Pattern In GOLD. Breakout can give 10000+ rally!!!Gold Future indicating the cup and Handle Technical Pattern. According to the pattern if this gives breakout of 56200 level then expected next target upto 67150+ in long term. This pattern will fail if gold started trading below 52900. Can see gold as a good investment opportunity in this downtrend global market session. Disclaimer: This is my personal view on the GOLD. Consider this post as an education purpose only and not any type of recommendation. Consult your financial advisor before taking any investment decision. Longby TradZoo11
Gold - Longs Be Careful!!!Gold entering resistance zone PLUS COT reports Started Turning bearish, ALTHOUGH Just a bit. Read Commentary on Chartby PradeepRajput224
mcx gold MCX:GOLD1! gold showing tremendous uptrend with strong hand buying let see how far it will go. Longby bhautikkeshur1
was waiting for thisBeen waiting for this gap to be filled I am not bullish on gold in dollar terms but in Indian rupees I believe it can be invested in but I am neutral as of nowby TradegainerUpdated 2
GOLD next movegold looks strong and it took support today, expecting up move , lets seeLongby udhaya0000Updated 1
Gold Short Trade1. Weekly candle: Trend reversal ' SHOOTING STAR ' 2. Price at took weekly resistance 3. RSI Negative Divergence Note: A Chart pattern also made a pattern like ' CUP & HANDLE '. Follow the SL & maintain discipline.Shortby Madoxmay0
Bearish butterflyAs you seen in the charts that bearish butterfly is made so we will sit on short side.Shortby deepakjoshi00214
GOLDGOLD (MCX)looks good above 54000 TILL 55500 and above 55500 can go upto 65000 WEAK BELOW 52000 (if you are taking for the tgt 65000 then weak below 49600)Longby marketwala110