GL1! trade ideas
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 or spot update blw edu.. purgold spot bwl 2345 blw looks dwn 2332--22 in mcx stya blw 71550 looks dwn fall till 71330--210++++++ where hurdel 2355 or in mcc 71779 only stya abv thna reversal possible one can sell on rise with hurdel sl
#Gold Update | April 2024 | MCX#Gold Update | April 2024
Timeframe: 4-hour
Gold found support at 71220 and rebounded similarly to the previous week's low.
Bullish sentiment prevails above 71630, while a bearish trend is anticipated below 71220. Stay tuned for a potential breakout.
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 spot or mcx update blwgold spot blw 2350 looks dwn fall till 2338--32 or blw 2330 more dwn fall til 2302$ in mcx styablw 71700 looks dwn fall 71580--310++++ where hurdel 72300 only stya abv thna mkt up side rally all eyes on middle east tension
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 or spor updte edu.pur.eyes on 70600 if hold abv than nxt up side 71300-500++++ laxman Rekha 71578 if stya abv or close abv 2 days than see 72700+++++ no if d but ---- yes spot abv 2350 stya abv or close 2 days 2390-2420++++++ yes no positional sell side abv lvl hold if--
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
gold mcx update blw after payrol data-edu. purgold mcx stay blw 69650 or 2290 spot looks dwnn 69380--220++ in spot looks dwn 2274+++ or more where hurdel 2297 or in mcx 69888 only stya abv or close thna nxt rally possible
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 mcx stya abv 69700 update edu pur.gold mcx stya abv 69700 looks up 69900--70000++++++ buy on dips sl 69555
gld mcx update or spot also edu pur.gold mcx styaabv 68900 looks up side 69200-69300 sot gold abv 2266 looks 2289+++++++ buy on dipssss with support sl 2260
gold mcx update edu pur.gold mcx styaa bv 68700 looks up side 69000--69300 expect spot gold abv 2260 zoom expect 2270--90+++++ support 2245$ only blw more dwn more lvl stay tuned with us
gold june update here education.purpose gold spot crossed 2200 now looks up side 2230--45++++ where support 2185 find only blw may some dwn correction ahead in mcx june gold stya abv 67379 looks up side 67700-68000+++++++ buy on dips sl 67171 use --edu pur--
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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Gold : Buy above 63360Breakout above 63360 buy above 63360 target will be 70000-70500 stop loss 62000
A Bullish Descending Flag Pattern is about to explode it's energy to throw Gold price very high.
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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