XAUUSD Buy After pullback like chart
This metal is in buying pressure currently. Please consider the buying and selling levels and maintain the stop loss while trading. *Disclaimer : I just shares my view. Please trade with your own and comfortable ideas.
Ongoing correction in COMEX gold futures will aggravate if it breaks bullish support line($1655), and may free fall upto 1506 within 2 weeks.
Gold is taking reversal from the strong support (SS) level ( 48635 ). And at present, it's very close to the SS. Can we see a reversal again? If gold remains above SS, then it can touch the following levels: 49000 - 49200 - 49400 But according to RSI, MA, & DMI, it seems in a downtrend. So, if MCX gold breaks the support level, we may see the following...
In the last two weeks, MCX gold has lost -2003 points. We may see a continued downtrend up to the support line (Range: 49600 - 49200 ). Intraday traders can play between freefall by taking it as a target. As mentioned in the chart, the double bottom pattern will complete when the price fails to break past the two bottoms and heads back to the...
Gold is performing in the parallel channel from 22 Sep. Recently, the moving average has tried to crossover but failed. And volume spike is a direct sign of an uptrend. It's sharply moving forward. As I updated on Oct 19, gold is trying to climb upward after hitting the parallel channel. And if it remains in the parallel channel, we may see 51000 - 51500+ ...
Since the last two months, GOLD has seen tremendous movement in both sides. Few trading sessions back, I had posted to hold LONG positions has the GOLD was hovering around our Bearish Zone. We have seen a RSI Trend reversal and the GOLD has recovered quite a bit as the market is consoldating (which has been the mood in the last few weeks).
Breakout Range: Approx. 3300 Hurdle: 50600 level At present, gold is trying to recover the previous loss. The support level has broken (flat lower trendline), and it becomes resistance now. We may see the continuation of the downtrend from there. That could fall to the following levels: 49360 - 48760 and below. Lionheart traders can hold for 48000 to ...
After breaking ascending tend line breakout gold is reaching another suppport
Little target 51,200/50,950 Main Stop Loss at 51,655 *Disclaimer : I just shared my view. Please trade with your own and comfortable views.
This chart is all about the assumption of the future moves of the gold, which has created by using the Elliott wave patterns of impulsive & corrective waves. In the beginning, there are impulsive waves which converted into the corrective waves now. Gold cannot keep drilling downward. Before the downtrend begins, we may see the following levels: 51160 - 51300 -...
Little target 51,670 Stop Loss 52,000 *Disclaimer : I just shared my view. Please trade with your own and comfortable views.
MCX GOLD CURRENT MONTH CONTRACT SHOWING SIGNS OF BREAKOUT.
Resistance : 52,000 Support : 51,450 Disclaimer : Trade with your own views..
Target 51,700 Main Stop loss at 51,100 Disclaimer : Trade with your personal views..