Gold (GC COMEX) mildly bearishWeekly chart shows gold mildly bearish as both VI and stochastics are overbought. But same setup is bullish in daily chart, so it would be safe to sell on a rise.
GD1! trade ideas
Gold MCX started up move as said yesterday hold buyOn 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 started moving up as said yesterday we will see more 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 Analysis for Today 19 Jan'24📊 GOLD 05 FEB FUT LEVELS
📊 Day Range: 318 Point
📈 Buy at 61678.52
🎯 Target 1: 61965.52
🎯 Target 2: 62087
🔍 Add one lot at 61641
❌ Buyer SL: 61553.48
📉 Sell at 61603.48
🎯 Target 1: 61572.48
🎯 Target 2: 61451
❌ Seller SL: 61728.52
Resiprocate your love by sharing, following and commenting. Trade with trends to turn green!
Gold MCX buy above 62050On 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 spot eyes on 2016-14$ in mcx 61750-720 blw updategold spot eyes on 2016-14$ in mcx 61750-720 blw nxt dwn rally will occur soon till 2002-1980+++ in mcx 61540--377+++++ yes 4th hrs trend line support close eyes break or not if support hold than dedcat bounce expect again
Gold sell on rise Till 62100 not break 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 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 Ready for 3% upmove soon.GOLD Ready for 3% upmove soon.
Based on Daily charts breakout from downtrend is visible.
gold spot or mcx crucial update blw gold spot blw 2037$ in mcx 62280 stya blw looks dwn fall till 2032--27$ in mcx looks dwn fall 62202--62150 thna after 62020 expect before any attempt to rise more lvl stya tuned with us
MCX Gold Price Analysis: Key Levels and TargetsFinding a foothold at 61960 , MCX Gold prices hinge on a crucial juncture. A crossover and break today could lead to target prices of 61860 , 61760 , and 61560 .
The range of 62360 - 61960 holds paramount significance for day traders, potentially game-changing. Breaking 62360 may pave the way for an attainable target at 62660 , with further implications if this level is breached.
Intraday traders are advised to closely monitor the 62360 to 61960 price range for decisive market moves. Stay tuned for more insights.
GOLD || MCX || SELLING ENTRY || CONRT - FEB2024TimeFrame: 2 HOUR
Strategy: SHORT
Potential selling opportunities in the gold market. The plan involves initiating a short position if the price reaches 62330, with a target set at 61876, representing a potential decline of 353 points. In the event of a sustained bearish trend, a further downside target is considered at 61770. This analysis is based on technical indicators.
- Only for education!
gold spot or mcx gold abv 2052 update blwgold spot stya abv 2052 looks up side 2058--62++++ were support 2044$ if trade blw thna again dwn 2040--33$ in mcx styaa bv 62550 looks up side 62680--800++++ expect
GOLD Technical Update || MCX || 11 - 12 Jan #GOLD waiting for CPI data to gauge momentum. Keeping an eye on key economic indicators for potential market shifts.
Gold till 62600 not break sell on rise 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 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 Setup For this Week || MCX || INDIAN MARKET#Gold Setup For this Week
📊 Time Frame : Daily
📉Strategy : LONG
📆 08.01.2024
As observed, gold formed a significant liquidity gap between 62640-62720 and a second one in just 4 days. The gap created on January 2nd led to a drop in gold prices to 62180.
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GOLD BUYING ZONE - Paitence is KEY (2024 #1)5888 - 57500 will be investor buying zone , which is 6-8% away from friday close,
and for trader they been looking the triangle pattern breakout
would rather wait and buy
instead of shorting the gold (following the long term trend)
based on my fib projection the price here has reached overbought zone which needs a correction for futher continuing the uptrend
will update further as per market movement
follow for more
gold spot or mcx update blweys on 2058$ in mcx 63180 stya blw looks dwn fall till 2047--2040 in mcx 63010--62930 yes toda job deta looks up side so profit booking possible
gold spot or mcx update blweys on gold spot 2070 sustain abv will see mark 2100$ soon as per chart where support 2060 blw will panic will start till 2052-45$ in mcx abv 63180- no worry for bulls decat rally may be possible buy on dips with strong sl 63111 tgt 64000++++ expect
GOLD Breakout possibility of 70000 by April 2024. 10% upside.GOLD Breakout possibility of 70000 by April 2024. 10% upside.
ATH breakout.
#GOLD|| 26 Dec || Intraday setup
🔸Timeframe: 4 hour
🔸Intraday strategy: Neutral
🔸Long time Strategy: Long
Following the holiday break, gold has risen, and forecasts anticipate a further increase. Expectations of Federal Reserve interest rate cuts, coupled with lower-than-expected Core PCE index data, are driving investor interest and providing opportunities for gold price growth.
If resistance broken next target would be 64000, which might take couple of weeks to achive.
Resistance: 63275
Support: 63101
gold spot 2065 abv crucial updateeys on 2065 if sustain abv or closed thna nxt rally 2100-2130 soon no if na dbut where support 2030$ for reversal dwn in mcc stya abv 63180 or closed abv 2days thna nxt rally 64000++++++ be alert!!!!!! seller keep eyes on lvl only
#GOLD || 22 Dec || Intraday setup
🔸Timeframe: 1 Day
🔸Strategy: Long
Gold's bullish view remains valid as long as it sustains above the resistance level of 62800. However, the bull view would be invalidated if the price falls below 61640. There's a notable probability of rejection from the 62800 level.
If there's a trend reversal from this level, I'll provide an update beforehand. Stay tuned for further updates. 📈✨
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