gold mcx sustain abv 59100 buy only tgt looks 59220--350++gold mcx sustain abv 59100 buy only tgt looks 59220--350++ sl will be 58940 buy on dips gold spot abv 1913$ looks uo side 1928--32$ or more
Trade ideas
Gold MCX AnalysisGold MCX Analysis
Current Status: Gold MCX is currently in a consolidation phase with no clear trading direction.
Key Levels to Watch:
Support Break: To establish downside momentum, watch for a break below 58880, which may signal a potential downtrend.
Immediate Resistance: The immediate resistance zone is 59265-70. If the price approaches this level, it might face selling pressure.
Fresh Buying: Consider new long positions if the price rises above 54450.
For Long Positions:
If you are already holding long positions, it's advisable to set a stop-loss (SL) at or below 58880 to manage potential losses.
Note: Trading involves risks. Ensure you have a well-defined strategy and risk management plan.
Gold mcx gold mcx -good upmove yeterday and saw profit booking near important resistance zone 60500 fresh upside strong move on day closing above 60500 .for now on rise towards 60000 can sell gold chances of visiting 58000-57000 level will be high in coming weeks . Negative view fails on strong close above 60500 levels .
(this are my personal views .I might be wrong to.)
Report -
Deepesh shah
GC1! , XAUUSD , GOLDA descending Triangle breakout after a ABC correction seems bullish
With Geopolitics and Macros also favoring GOLD
Resistances and Targets are clearly shown
GOLD LATEST UPDATE - OCT 17 - 18Gold is currently forming a falling wedge pattern, which is a bearish reversal pattern.
- Resistance level for the falling wedge is at 59410
- Support level is at 58900.
If gold breaks below the support level, it could fall to the next support level at 58410. If gold breaks below the 58410 level, it could continue its downtrend to the next support level at 57910.
GOLD FUTURE - BULLISH PRICE ACTIONBullish price action refers to a series of price movements and candlestick patterns in a financial market that indicate an upward or bullish trend is likely to continue or emerge. Here are some common signs of bullish price action:
1. Higher Highs : In an uptrend, each successive high should be higher than the previous one, demonstrating an upward momentum in prices.
2. Higher Lows : Similarly, each low in an uptrend should be higher than the preceding low, indicating that buyers are willing to step in at higher price levels.
3. Bullish Candlestick Patterns : Look for bullish candlestick patterns like bullish engulfing patterns, hammer, morning star, or doji reversals, which can suggest a potential shift in momentum to the upside.
4. Support and Resistance : When price breaks above a significant resistance level or a moving average, it can be a strong bullish signal.
5. Volume Increase : Increasing trading volume as prices rise is often a confirmation of a bullish trend.
6. Trendlines : Drawing an upward-sloping trendline connecting the lows can help visualize the bullish trend.
Gold 4 ever 🫡🫡🫡🫰Price action saying every thing about this charts
Egarly waiting 4 Small🤏 resistance cross , and i wanted to enter in this
My r:r is very FEVRABLE now
Only waiting for some dips n then blasts
My target🎯 is 65k+
Stoploss is 58850 only wclb
gold next support level 57460 - 56300??* IM NOT IN FAVOUR TO SHORT INSTEAD WAIT FOR VALUE BUYING AREA*
gold has breached all of its recent support and this fall looks like free fall maybe because of dxy rising
57460 and 56300 will be very important level base on previous trend low to recent high fib retracement of 0.6 and 0.7 golden zones are appearing on exactly on our fair value area
WILL UPDATE FURTHER ON EVERY MAJOR MOVE
gold spot or mcx update after breakoutbuy gold any dips sl 58050 tgt 58380---50+++ cmp trade 58220 gold spot abv 1878 looks sharp breakout till 1900-1903++++ buy on dips with sl 1876 tgt looking recovery here
BTST TRADEGold trade in downfall wave expted more down
Note here i share idea only for education perpose
sell gold blw 58000 on rise sell sl 58129 tgt 57850sell gold blw 58000 on rise sell sl 58129 tgt 57850 yes spot gold blw 1870$ looks dwn fall till 1866--60$
gold mcx or spot update blwbuy gold stya abv 58100 tgt looks 58270--300++++ buy on dips sl 57966 spot gold abv 1877 looks zoomed 1890=96$ yes today cpi data so may be some voal tile
gold spot or mcx crucial update after tgt hitspot buy gvn 18580060 or in mcx 57585 or 57779 see now its zoomedd high 1871++ or in mcx almost 58000 hope u ejoyedddddd or not ---- stya bav 1873 looking up side till 1880$ in mcx 58120+++++ expect more lvl stya here
gold spot or mcx crucial update after zoomedgold spot made high 1855$ now 1858--60$ strong breakout point if stya abv ot close than expect up side 1878--1889+++++ where support 1832$ indicate---- in inter day purpose if stya blw 1844$ than expect down 1838--1835$. in mcx 57779 strong hurdle for up side stya abv or close abv than expect 57900-58000+++ where support indicat57300@ blw will melt dwn -- don't stuck wrong side
Gold Mini Important Support and Resistance Level For 11-Oct-2023The Marked area's are major support and resistance level for Banknifty Intraday, also called PAM Areas.
When price come to these area we can expect either reversal or breakout from the given area's.
So planning a good trade will occur only in the marked areas, when price is in middle, we have to wait for the price comes to the marked PAM Areas
MCX gold Long position Hi everone
Gold
enterned into monthly demand zone
November 2023
Decemebr 2023
full uptrend
Oct 2023 consolidation
gold spot 1813 or mcx 56500 stya blw dwn only sell with sltake chnce small riskgold spot 1813 or mcx 56500 stya blw dwn only sell with sl 56649 or 1821 tgt 56380-200 or 1807--1805
Gold likely to crack till 58500-56000 Gold seems to have completed wave 3.5.5 and is getting ready for wave 4 crack.
Possible targets 58500-56000 , post that it can move to 66666 target
Rsi tripple negative divergence.
Ending digonal breakdown seen in wave 3.5.5
Pullbacks in gold should be used to sell
GOLD losing its sheen?GOLD is on a bearish run braking all Moving averages on the way from 10EMA,50EMA,100EMA& 200EMA.On its way to test 56000 ? any breach and below 56000 likely to trigger to fresh selling slide towards 54000
Gold Will Shine Or Fade?Hi friends, Sharing an trading idea on Commodity Gold futures on daily chart as we can see that after hitting all time of 61800 levels all the way it came down 57900 (considering strong support) levels and took support there and resume rally again to 60000 levels with created a double top on this chart.
So currently it is trading near to that support and seems that price want to touch that support again so once it will reach there we can see two things it breaks the support or bounce from support for targets for both situations marked on chart stop loss must be a close above or below from support in opposite direction of trade on daily candle closing basis.
RSI indicator used below on chart for getting a better synchronization, that what can happen break or bounce. One can use own time frame for tracking this idea
There must be a logic behind every trade, because trading on logics is always better than trading on speculations. Good luck happy trading Best regards.
This is not and trade or investment advice. This idea is meant for learning only.
Gold prices decline for a sixth straight day, hits seven-month lGold fell for a sixth straight day to the lowest in almost seven months, as the metal continued to test lower levels following hawkish signaling by the US Federal Reserve (Fed).
Treasury yields climbed on Monday after a US government shutdown was averted over the weekend, pushing gold down to the lowest since March.
The metal fell 4 per cent last week as a drop below $1,900 an ounce triggered outflows from exchange-traded funds, while hedge funds trading Comex futures cut bullish gold bets to a five-week low.
The fall was triggered by Fed policymakers indicating monetary policy would remain tight for a long period. Non-interest bearing gold is now in a vulnerable position as it comes under pressure from a surge in bond yields from the US to Germany and Japan, which could lead to more investor selling.
Later Monday, traders will look to US purchasing managers indices and an inflation gauge released by the Institute for Supply Management. At the end of the week, the headline jobs report will be eyed for its possible influence on the path of monetary policy.
Spot gold dipped 0.8 per cent to $1,833.25 an ounce as of 10:49 a.m. in London. The Bloomberg Dollar Spot Index climbed 0.2 per cent. Silver, palladium and platinum all fell.
sell gold 57720 sl 849 tgt 610--580+++++sell gold 57720 sl 849 tgt 610--580+++++ yes looking dwn side bwl 1860 ssell on rise loks dwn 1853--48
