GO1! trade ideas
Gold bullish Gold running towards 53200, trendline break out and retested very bullish
Trade at Stop loss at the support
Gold is ready to FIRE..Trendline breakout , retest and Reversal.
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Gold: a probable long tradeGold has always been my favourite hedge and something I invest regularly in. Revising my target upwards from 61k to 66k. Long term investment.
Gold: Analysis✔Gold was holding 50200 since mid of May. It held this level at three occasions (see chart) but finally broke it in the mid of September.
✔So, a lot of traders who bought at 50200 support, with stop loss underneath this level, were shaken out in this breakdown. Most would have reversed their positions to short. Gold revisited 50200 in a retest attempt and this normally attracts pullback traders to go short. So many short positions are supposedly added till the end of September, with stop loss just above 50200.
✔But as Gold managed to sustain above 50200 again, most stop loss orders got triggered leading to short covering. Everyone who was shorting below this level, had to buy in order to close their positions. Also fresh buyers would look to catch this opportunity. This huge flux of buy orders lead to a sharp rally.
✔Presently it is near 52000 round number which has acted as an important level in the past too. Also there is trendline resistance, joining April and August highs at around 52100.
✔So two things can happen around above resistance levels. Either buyers would absorb supply at resistance and push Gold to next resistance 52750-52800 in the short term or profit taking/sellers would push it back to 51000 or 50200. Only further price action would throw more light upon this.
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GOLD IS GETTING READY TO MAKE HISTORICAL MOVEGold is getting ready to make new high.
After the price mitigation on supply level , price couldn't break the low. Signifies that heavy buying is happening.
Also the Rsi unable to break the 40 level. But opposite, it took support at 40 and getting ready to shoot upside.
The Relative strength of Gold with Nifty is increasing.
And the Stage analysis says it is just starting the stage 2 breakout (50 ema ).
And Finally It is making the CUP with Handle Formation.
TRADERS BE READY TO TAKE POSITION WHEN THIS HISTORIC MOVES BEGINS.
Gold bullish mode Gold revert from our target-1 level 1620 spot levels.
It seems in good momentum, so it may test 51350 and 51750 soon on upper side.
can long near 50930 with stop loss 50250
gold at buy sideas per the price action it seems like a head and shoulder pattern with cup and handle..target and sl already given.
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GoldAs per our new observation
When price drop with momentum and consolidate in range after break of either side of range gives that much move as much it falled mostly it in upside if prior it has been fall.
Just watch what happen..can see good upside movement
Gold Long (27 Oct)Intraday
Gold Long (27 Oct)
RSI-61
Buy at CMP- 50780
SL- 50685
Target- 58950, 59120
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Gold Long ( 12 Oct)Gold Long ( 12 Oct)
RSI-45
Buy above- 50880
SL- 50715
Target- 51060, 51180
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Gold Future Short 1610$Gold Future after breaking the trend line and retest then it will be go 1610$ let's wait for our target
GC1 LONG "GOLD"gold is in a correction area
when he break the correction pattern we can buy .. target the last high
gold trade GC1price tried to break above1680 but price failed twice on 30min timeframe
and we can see double top rejection or M pattern
after higher low price formed ascending channel and there is a bearish divergence in rsi
we can trade R:R by 1:1.5
entry 1668 sl 1672 tr 1661
gold chart says....waitif it goes up from here then we will see a good action
if goes down then a different kind of action took place and need some new working
let's see
GOLD FUTURESGOLD is continuously selling and rejected again and again from the trendline and levels 1700 and 1600, making it rangebound
any side of the above levels can lead to a good target. the lower side is going to be the target up to 1620. the upper side is gonna be 1720 to 1740 and so on....
gold shorting opportunitybreakdown > pullback
breakdown and pullback on gold, can short gold on smaller breakdown
Gold Gold may reach to 45000 soon in this bear market, be ready for buy opportunity in this market, because market always goes upside
gold broke trendline for downside.Gold broke trendline for down side after long consolidation and may test 45000 level in 4-5 months.
only for information and education purpose. please consult your adviser before investing.
#trading #india #chart #chartpattern #priceaction #technical analysis
#gold at crucial support MCX:GOLD1!
gold on crucial support if break then we might see 47500 sooner or later but at same time it is on support if sustain then daily TF candle play a critical role for swing long.
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**whatever charts or levels or ideas we are sharing here or on any other platform are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on it. We are not SEBI registered.
