Gold Long ( 15 July)Gold Long ( 15 July)
RSI-54
Buy at- 50150
SL- 49960
Target- 50370, 50425
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TGF1! trade ideas
Gold Approaching Critical AreaGold is Approaching Critical Area of ABC wave Correction AND Channel Support. This is around 1640-1670 Zone. With COT Reports Turning Bullish, it can be very interesting area for Longs in Next 2-4 Weeks
Commentary On Chart
Gold MCX Trading Around SupportGold MCX is Trading around Trendline support as market on the chart, Risk and Reward here looks attractive, Now Selling in the Gold will be seen Once Trades below 50000 Levels on Closing basis.
Cup and handle patter formed by gold Target:53,907
Buy :-52646
Formed a strong cup and handle from 2020 August and a strong wedge pattern from March 2022 .
Gold Buying Candlestick Confirmation"Gold MCX seems bullish"
1.MCX Gold MACD Bullish
2.Candlestick consolidation. Once breakout, can take long entry..
3.Maintain Strict SL.
My view is for educational purpose only.
MCX Gold Elliott Wave Projection For July 2022Gold has accomplished the final correction wave (Y) of wave ((B)) and has begun to form sub-waves of the corrective wave ((C)).
Currently, the price is at 100 EMA & the lower band of the parallel channel. It appears that the movement of gold is being dominated by bears, as it is making lower lows and lower highs.
If the price breaks down the parallel channel, traders can initiate a short position for the following targets: 50153 – 49600 – 48560 . It should be noted that the breakdown of the parallel channel is also the breakdown of the 100 EMA.
49600 is a pivot zone for gold. If the price sustains below 49600 , traders can expect rapid bearish momentum.
GOLDAll detail for chat. good entry at mark price only. and must stoploss is 51393 minimum risk and good profit. risk ratio 1:1 in first target. This is not call my idea only. Please understand your risk and take full responsibility of your actions
SELL GOLD As you seen in the chart Elliott wave IN US GOLD CHART made ,upper side strong resistance i think it will not break easily and charts also strong in selling zone.
SELL GOLD As you seen in the charts Elliott wave made ,upper side strong resistance i think it will not break easily and charts also strong in selling .
MCX Gold Price ProjectionNow Gold has Reached upto very imp Price Zone ... From here we can Expect a sudden Fall / Pullback for a New Beginning towards Up Side Move ...
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Big breakout in GOLD With panic and likely crash coming in equity markets, gold looks good for upside.
Broken-out today as shown.
#GOLD harmonic setup#GOLD MCX future contract form Harmonic pattern (Gartley) on a daily time frame.
buy on deep is a good bet for the short term.
next openning is very imortant for gold on a make or breck levels ,last week low is very good support on longerterm charts
#StockMarket #StockIdeas #Goldtrade #Gold #GoldtradingGold Futures
Gold trading at strong support levels
Earlier after giving breakout from this levels now retrace again to its strong support level
Can be positionally buy at CMP or above 50600 levels for short term targets of 50950 / 51250 & 51500.
Partially profit booking is also good, with trailing stop loss.
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
Use a strict trailing stop loss.
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GOLD FUCGOLD FUC
Disclosure : I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this channel suggestions.
Can give an upmoveGold futures have retested a strong support and resistance zone and also breached a short term S/R zone. Looking good at CMP 50415 - safer above 50,600 for positional targets of 50945 and 51250.
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Dr. Tanya Kumar
MCX Gold trading in range onlyGold earlier risen with volumes in 2020 from 32500 to 44000 mark. Recent price action from 44000 to 55000 was with low volumes. Gold will be in range between 48000 to 52000 levels on MCX. Only support for Gold is due to INR devaluation and macro disturbance.
gold in support range for long termgold may be bullish from 1770 for long term, but follow to exit, if made low 1670..(Base line)
Gold Short (12 May)Gold Short (12 May)
Sell at- 50810
SL- 50925
Target- 50620, 50510
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
