GOLD FUTURES - Short Term Long positionFalling wedge breakout happened in Gold Futures. Suitable for short term gain with 1:2 Risk Reward ratio.
GO1! trade ideas
Gold Daily Charts shows come upside possible for next few weeks.Gold Daily Charts shows come upside possible for next few weeks.
Daily Charts showing breakout coming from down trend & uptrend to continue for few weeks.
LTP - 72350
SL - 71100
Targets - 73600+
Timeframe - 3-4 weeks.
Happy Investing.
Gold buy given Many times uptrend started to be continued Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Gold buy on dip not going down so will go up onlyDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Gold MCX Future Weekly Technical Chart Analysis 1-5 July, 24📈 Gold MCX Future Technical Chart Analysis
📊 Range Trigger Point: 71,582
📉 Weekly Range: 1,047
📆 Buy Above: 71,517
💼 Average Position: 71,394
🎯 Buy Target 1: 72,229
🎯 Buy Target 2: 72,629
🛑 Buyer Stoploss: 71,168
📆 Sale Below: 71,270
🎯 Sale Target 1: 70,935
🎯 Sale Target 2: 70,535
🛑 Seller Stoploss: 71,619
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Gold up 700 points from buying given near 71000 enjoy huge profiDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Gold MCX start buying on Dip will see good upside move Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Comex Gold - Buy Above 2350 (Target 2450)A Big Triangle Unfolded for Yellow Metal.
Risk Takers can buy yellow metal if it holds above 2285 Dollars & Safe Traders Buy Above 2350 Trigger price.
Target = 2450 Dollars in few weeks & month ahead
From WaveTalks
Abhishek
Gold MCX start buy on dip fresh buy signal appear on Gold Comex Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Gold MCX as expected bounce will avoid fress fresh bounce sustaiDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Gold’s Fall Halt at 2305-The Choppy Trap-Bullish Bias
Gold’s Fall Take A Halt Close To 2305-The Choppy Trap-A Weekly Bullish Bias
Gold Price Tracking US Treasury Bond Yields
This week, gold prices have closely tracked the movements in US Treasury bond yields. The previous decline in gold prices has paused in 2285-2305 support zone amid a modest weakness in US Treasury bond yields.
18th June 2024 - Running upside for 2358 Target
Equity Markets and Indian Elections
Global equity markets have extended their rally, gaining momentum particularly from the results of the Indian general election. The election unfolded in favor of the existing government NDA, leading to Prime Minister Narendra Modi securing a third term as declared a clear winner in the General election 2024 which went for more than a month. This political stability has propelled the Indian market index, Nifty, which saw a significant rise from the lows of 21,281 on June 4, 2024, closing the session at 23,562 on June 18, 2024 but saw a knee jerk reaction as it failed to surpass its 400 seat remark made by the existing party fellows. Going forward, A pause and potential correction below the 23,350-23,400 range for Nifty could support a short-term rally in gold prices.
Technical Analysis of Gold
Yellow Metal has been doing sideways since its all time of 2453.7 USD as of 20th May 2024.
Support Zones
Technically, gold has a strong support zone between 2,285 and 2,300, which has been acting as a bounce pad for the yellow metal.
Harmonic Bullish Pattern
An unfolding harmonic bullish Gartley pattern, has been observed close from the support zone of 2285-2305 zone. Gold prices have reached a few upside targets for the harmonic pattern, encountering resistance at the 200 EMA (Exponential Moving Average) based on a 2-hour calculation at 2,345. This level is crucial for further movements.
Wave Analysis
Yellow metal could be doing a choppy sideways correction & could unfold as a triangular correction yet to be confirmed & needs further price inputs. since its sideways move from 2448.8 as of 12th April 2024.
Trading Strategies
Plan A
Trigger: Faces resistance in the 2,395-2,405 USD zone
Target: Potential drop to the 2,345-2,355 USD zone for a short-term correction
Getting resistance in 2395-2405 - Harmonic Bat Pattern will become active for targets suggested in Plan A
Plan B
Long-Term View:
Trigger: Crosses above 2,405 USD, a critical level
Target: Push towards the all-time high (ATH) of 2,450 USD
Conclusion
Gold's price movements are intricately linked with US Treasury bond yields and global market dynamics, including political developments. Investors should watch the key technical levels for India Nifty, getting a pause for equity indices could boost the upside potential of yellow metal in next few sessions and should employ appropriate trading strategies as discussed to capitalize on potential market movements. The trading strategies suggested above offer a structured approach to navigating gold's price action in the current market environment.
GOLD UPDATE - JUNE 20 - 21stGold Eyes Bullish Breakout: A Detailed Overview
Timeframe: 4 hour
Current Situation: Gold prices are currently exhibiting bullish signals, with a key level to watch being 72,800.
Technical Analysis: A falling wedge pattern has been identified on the gold chart. This pattern often precedes a price breakout to the upside.
Potential Move: If the price breaks above 72,800 and confirms the breakout from the falling wedge, we could see gold climb towards a range of 73,200 - 74,000.
Consider including relevant news or events that might be impacting the gold market.
This provides a more detailed overview of the potential bullish move in gold, while still keeping it concise and informative.
Gold 1200 points profit running buy holding from 71150 hold itDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Gold buy holding from 71150 , 950 + points profit hold it Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Gold buy trade holding from 71150 next Target 72300, 73200 Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Good buy on dip till 70600 not break Target 72600, 73200, 74300 Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Gold given buy near 71000 , 950 points huge profit running, holdDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Gold MCX buy again at current price SL 70600 Target 72000++Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
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 Buy holding from 71075 hold it for tomorrow big upside Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
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 booked profit at 71075 and buy again at 71075 , hold buy Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
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 sell on rise till 71700-71750 not break Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
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 Trading Setup For 1hr Time FramHii Dear Traders,
I have analysed the GOLD Trading setup in 1hr time frame.
Reason:
The market is already in big box like sideways if you look but this last support was broken with little gap down, so as per the price action market will be down to take support from the high potential area, please analyse and share the feedback.
COMEX Gold Future Weekly Analysis for 10-14 June, 2024 📈 COMEX Gold Future Technical Chart Analysis
📆 Weekly Levels for 10-14 June, 2024:
📊 Weekly Movement Point: 2325.00
📉 Weekly Range: 102.50
📈 Buy Above: 2367.55
💼 Average At: 2355.45
🎯 Buy Target 1: 2388.34
🎯 Buy Target 2: 2427.50
🛑 Buyer Stoploss: 2333.38
💰 Sale Below: 2343.36
🎯 Sale Target 1: 2261.66
🎯 Sale Target 2: 2222.50
🛑 Seller Stoploss: 2377.53
✨ Boost, follow, and engage for more insightful updates. For detailed analysis and live discussions, check out our community channels. Your engagement fuels our dedication to providing top-notch content! 🚀❤️
#GoldTrading #GoldPrices #PreciousMetals #CommodityTrading #InvestingInGold #MCX #CommoditiesFutures #CommoditiesOptions #COMEXGold #GoldFutures #PreciousMetals #CommoditiesTrading #MarketAnalysis
