Topic - Gold Levels and Zone For Long Time Frame
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Technical Analysis - Potential Cup and Handle Formation
Timeframe: 1 Hour
Pattern: Cup and Handle (developing)
Buy Zone: 72400 - 72500
Target Zones: 72800, 73000, 73200
Rationale:
The chart appears to be forming a cup and handle pattern. The cup is a U-shaped price movement that indicates a period of consolidation after a price increase. The handle is a...
On 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...
On 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...
After Consolidation Gold has respected 70300-350. Now it is moving upward to retouch Previous high 73958 or higher. Buy here with stop loss 70300 target 73950.
Put Stoploss 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
NOTE : I am not SEBI...
Last week we predicted that Gold can touch 2333$ on lower side. It actually touched 2332$ on lower side. We also predicted that
Our #Gold Range Prediction from 20/05/2024 to 24/05/2024 is as under.
Gold Spot : 2366$-2481$
Gold INR 728000- 74500
If break 73800 next move Upside
If not break 73800 can bounce back
Alerts ⚠️ Trade with stop loss
It must be...
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 in first target. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
SL 1Hr candle close only, Target Trigger Price
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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🔍 More Analysis & Trade Setups...
On 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...
update views-- gold spot abv 2347 looks upside 2355--2358 than after 2375+++ expect today where support 2337 if blw than mkt dwn side possible 2322--2325-- in mcx abv 71630 abv looks mkt 71780--72000 than after 72380-++++++ support indicate 71478 --71500 if break than more dwn side possible
gold spot eys on 2290 if stya blw eveng time thna nxt dwn ward soon 2260--2230+++++++ where hurdl 2325 only stya abv thna looks r turn possible in mcx 70789 abv will u turn possible other than mkt soon 69000++++++
