Gold Long ( 08 Aug)Gold Long ( 08 Aug)
RSI-65
Buy at CMP- 51990
SL- 51901
Target- 52110, 52185
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Charts and views are only for educational purpose.
GD1! trade ideas
Market Trends Market Trends
If you have been started to study the price action ,you may have heard of an " Market Trends" or "Type of Trends" or "Market Cycle" . Today we are going to take a small look at the each trend, along with few examples. Later we will publish the whole trend concept.
Please remember this is an educational post to help all of our members to understand concepts used in trading or investing.
Introduction
Type of Market Trend/Cycle
1) Uptrend/Advance Market (Bullish)
2) Downtrend/Declining Market (Bearish)
3) Accumulation at Top ( Range Market)
4) Distribution at Bottom (Range Market)
Few Examples Below
1) Uptrend/Advance Market (Bullish)
Usually in the Uptrend market, the price will not break the previous support level (Higher Low), It can retest but it will not break the previous support level. If support breaks then the trend will continues toward downside
During this trend phase investor/trader become more and more bullish .
2) Downtrend/Declining Market (Bearish)
Usually in the down trend market, the price will not break the previous resistance level (Lower High), It can retest but it will not break the previous resistance level. If resistance breaks then the trend will continues toward upside
During this trend phase investor/trader become more and more bearish .
3) Accumulation at Top ( Range Market)
It is First stage of market cycle.During this phase investor/smart investor will start accumulate the position in a bounded range. This trend phase indicates that a fight between the buyers and sellers,at the end buyers will take over the seller.
Breakout Characteristics - High Volume (Demand) and Bullish Candle
4) Distribution at Bottom (Range Market)
It is Third stage of market cycle.During this phase investor/smart investor will start distribute the position in a bounded range. This trend phase indicates that a fight between the buyers and sellers,at the end sellers will take over the buyers.
Breakout Characteristics - High Volume (Supply) and Bearish Candle
Thanks for reading!
Gold Short ( 04 Aug)Gold Short ( 04 Aug)
RSI-63
Bearish engulfing candle
Sell at CMP- 52020
SL- 52225
Target- 51768, 51680
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#Gold Short ( 01 Aug)#Gold Short ( 01 Aug)
RSI-49
Gap down, RSI divergence
Sell at CMP- 51380
SL- 51550
Target- 51185, 51060
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Disclaimer- We are not SEBI registered advisor.
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#mcx #commodities #commoditycall
Sell Gold for Target T1 - 51000, T2 50775Sell on Gold as it is moving from Top and not sustaining. two Target T1 - 51000, T2 50775
Will the GOLD's value unlock ?MCX:GOLD1! A rangebound consolidation has been seen on the chart patterns of Gold Futures. A slight uptrend is visible from current levels. A rally of around Rs.1000 is possible in short term which will make gold hit 52k levels.
gold prediction for next 48hoursgold today not close above 50800 then ready for 50200. short 50800 with 51000as sl for 50200
GOLD viewtrade can be taken once it crosses both trend lines & closes above / below it
lets c which way it takes
disclaimer - for study purpose only.
Gold SFP at 1660?Gold is at a nice place. Take out the lows, while touching the bottom of the parallel channel, and touching the bottom of the descending channel. Send it?
Level for Fresh Entry in Gold MCXGold Mini on MCX has seen bounce from trendline Support, Now Trading around Resistance Levels of 51050, Now fresh Entry Should be taken only above 51050
Gold Long ( 15 July)Gold Long ( 15 July)
RSI-54
Buy at- 50150
SL- 49960
Target- 50370, 50425
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
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.
