Gold Bearish Gold looking bearish..(Study Purpose)
Currently Gold trading at support...if it breaks 4300 levels then we may see 4100 levels , chances there to sustain at 4100 levels... love to see 3900 levels again...
XAUINRG trade ideas
Gold is ready to boom and watch out stock marketALL the details have shown on charts
lets beat the market together
On the verge of breakoutStart accumulation goldbees this will help in hedging portfolio for stoploss and target refer to chart
Red is stoploss
Blue is target
STrend for Positional TradersSTrend for Positional Traders. This is valid for a little laid back investor kind of people who are not very much into day trading. Good for Weekly Investors.
Buy gold?Gold is taking a long term support, is sustaining above 50 percent fib retracement levels. Can be a good buying point.
Goldbees rally tomorrow!Gold/INR vs Goldbess expected to revert to it's running mean reverting level.
Sharp uptick tomorrow?
Time to go long Gold in INRXAUINRG broken on the upside of the consolidation pattern..
Can it make another attempt to 3600 !!?
Offers a good risk-reward ratio to go long.
Which way GOLD will go ??Although we don't have a proper price of MCX GOLD in trading view, but the charting structure is sufficient to analyse the current market structure of it .
if we look at last two months of gold , September was full of amazing sell-off with the long consolidation of October month , which looks like at it its completion .
consolidation zones: Support- around 37800 zones and Resistance- around 38600 zones.
whichever way the consolidation breaks-out its going to be a good trading opportunity, so currently its time for wait and use the non-trending trading strategies for gold and just wait for break out.
so lets just try to follow and be with the market instead of beating it , so its better if we just wait for the proper confirmation that which side the gold is going to trend now.
KEEP BUYING GOLDBUYING GOLD FROM 25000 INR FOR TARGET +62000 ABOVE BREAKOUT AT 35000 invst.ly/b49gf, KEEP BUYING GOLD IN SIP, DMAT, MUTUALFUND, PHYSICAL, BOND ,
GOLD (W)Gold steadied last week after witnessing a steady decline is seen rebounding as the dollar seems to be tripping on reduced expectations for U.S. interest rate hikes next year. The dollar suffered its biggest drop in five months on Wednesday after minutes from the U.S. Federal Reserve's showed "many participants" were concerned inflation would stay below the bank's 2 percent target for longer than expected. The greenback was still nursing losses on Thursday,supporting dollar-priced gold by making it cheaper for non-U.S.
On the charts too we note that the rise seen on the charts into the recent pullback into the lower channel. The previous pullback into the value region around 29440 we can note that the trends have been quite positive in reviving from those levels. Hence we conclude that we should be revisit our bullish bias and look towards initiating a long at current levels in the next few days. The resistance levels are at much higher levels and hence it would be a good spot to initiate a long. The positive momentum readings are in sync with the lower Pitchfork channel supports seen in the prices towards definitely suggesting that trend is poised to head higher. With prices holding the lower end of the channel one should look for a long opportunity at current levels for a rise towards 30000 on MCX Gold Charts for Indian Traders or $1300 for the international players.
GOLD LOSING SHINEIt is been observed on daily chart that the price action is making lower highs and lower lows, indicating a bearish trend. Now, it shall further move down to the next support levels at around 81000-80300 levels.
Target: 81000
Stoploss: 84500
Risk Reward: 1:1
GOLD GOLD SHINES TO BUY (XAU/INR) - FLAT CORRECTION COMPLETESAs per Elliott Wave Theory, the gold charts indicates a completion of a Flat ABC Correction that signals a new wave to upside. This is a good time to invest or take a swing trade position in this before the festive season begins in India where we generally see rise in the Gold market. Take positions with stoploss at 87200 Target 1: 90000 then Target 92400.
