Gold Futures taking support on trend lineGold Futures broke trend line resistance and pulled back acting same trend line as a support.
Expect the gold price rise further
GL1! trade ideas
Outlook: MCX Gold downtrend stopped at 46720Key Levels: 46720, 46250.
The corrective nature of the latest rebound suggests the Gold decline will continue. A break of hurdle will raise the possibility of the impulsive decline from near 46720 . A strong selling signal will come after a breakout of 46250 levels. So, intraday (day) traders can start selling between hurdle and breakout levels for the target of 46000 - 45460 - 44900 below.
But according to the current situation, gold is trying to recover the loss from the last 2 weeks' events. It's not sellable until following the above scenario. We can see the gold prices at 48000 - 49000+ in the upcoming days.
Watch significant releases or events that may affect the movement of gold, silver & crude oil.
Monday, Jun 28, 2021
11:00 - Gold Index
Tuesday, Jun 29, 2021
19:30 - CB Consumer Confidence (Jun)
Wednesday, Jun 30, 2021
2:00 - API Weekly Crude Oil Stock
17:45 - ADP Nonfarm Employment Change (Jun)
19:30 - Pending Home Sales (MoM) (May)
Gold Future Analysis Gold Future had Completed 3rd Wave in Major , now 4th going on (in 4th wave A has already came down in 12345) , and B wave also going to up near 49000 now C Wave Come to near 37500. this is Educational Purpose only NOTE: (Im Not SEBI Registered Analyst this is only Educational Purpose only)
gold chart patternGold
breakout of this pattern will boom🔥
easy tgt 49000
tgt till jan 65000
trades keep enjoying support game
investors literally have gold🔥😅
gold triangle patternmcx gold trade in a triangle pattern.. proper analysis and take a trade at your own risk... all details in above chart...
Gold - Trading strategyGold 46728 - Bearishness. Gold has resistance zone at 47951 - 48454. Unless this zone not broken ,shall expect target of 45950.
Gold way ahead!Watch the video to get an Insight on how to plan a trade set up in Gold in the upcoming sessions!
Gold Long Term Bull Case
Long term C&H seen on Gold Futures.
2.5 year support line adds more probability for the bull case.
83% rally possible in next few months.
Both Inflation & Deflation story benefits PMs.
Break of handle low negates the view.
