Gold prices had a very good run in the past few weeks but now the selling pressure is showing up on the chart. Much more downslide is expected if nearby Support is breached because the next support is far-far away. If the price reverses and reaches cloud area (the consolidation zone), do not keep any position open.
Gold prices dropped more than 2% to a one-week low on Monday as worries over a wider Middle East conflict subsided, prompting investors to scale back safe-haven trades in favour of riskier assets like equities. Spot gold was down 2.5% at $2,330.51 per ounce as of 1:52 p.m. ET (1752 GMT), and marked its biggest intra-day fall in more than a year. U.S. gold...
© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M. (1D) Long-term context suggests that the ((iv))-green wave is currently unfolding to push lower, targeting 2265. After reaching the bottom, the ((v))-green wave is expected to follow, ready to push higher. (4H) Short-term outlook has seen a significant decline since the recent high. Gold is now poised...
After a pullback we can plan a sell trade here in the gold MCX:GOLD1!
Levels to watch if comes (if does not come to this levels ignore this comment) around 2304.6 to 2297.0 or 2290.4 if Sustain above 2343.2 or 2343.6 then 2343.6 to 2348.8 then 2354.7 above this bullish then 2359.4 then 2366.2 then 2371.1then 2376.4 if Sustain Below 2336.4 then 2328.5 then 2323.2 to 2320.2 below this bearish then 2313.4 then 2304.6 to 2302.1 then...
after analysing the chart . today the price of the gold will continu going down.the price will go down please share your thoughts about my analysis
Levels marked at 4:55 PM IST .. considering Electronic trading price, regular trading hours are from 7:00 PM IST if Sustain above 2328.1 then 2343.6 to 2348.8 or 2357.0 to 2365.2 above this bullish then wait if Sustain Below 2314.5 or 2307.1 then 2302.1 to 2297.0 then 2291.2 to 2283.1 or 2274.9 below this bearish then 2256.9 to 2255.5 or 2251.7 to 2250.3 last...
Hey There, Welcome Back. Today we analyze the evergreen hedge commodity. - If you are an Indian, Given that Gold rallied almost 17% in a very short span You must be quite happy. We Indians love gold. Especially, the ladies in our homes. - The chart of Gold Futures is showing something interesting. The price took quite a rejection from the recent support zone. -...
If Sustain above 2402.2 then 2422.8 then 2431.0 then 2436.8 to 2439.1 or 2442 above this bullish then 2483.4 to 2488.6 and 2496.8 to 2504.9 or 2513.1 if Sustain Below 2385.8 then 2365.2 then 2357 then 2348.8 to 2343.6 below this bearish then 2302.1 to 2297 then 2291.2 to 2283.1 or 2274.9 below this more bearish Consider some buffer points in above...
if Sustain above 2398 then 2408 then 2412 then 2424 then 2435 to 2435 strong level then 2445 to 2447 above this more bullish then 2472 then 2482 if Sustain Below 2389 then 2378 below this bearish then 2370 to 2366 or 2361 then 2354 then 2343 below this more bearish Consider some buffer points in above levels. Please do your due diligence before trading or...
Gold is rejected from 72834 and this fall is fast then closed below 72353.. Fall up to 72225 is possible
Attached to related idea Grey zone I expect to act as resistance In shorts right now
we can look for a bullish entry on gold cup & handle pattern formed over all trend bearish small bullish entry
Technical Momentum Weakens Gold Futures hit an all-time high in 2024 at $2,448 on the June futures contract on April 12. Since then, futures have corrected; however, gold remains firmly above the rising 50-day moving average at $2,244 and well above the 200-day moving average at $2088. The technical perspective shows momentum studies declining, with the 9-day...
© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M. The latest forecast for Gold to fall lower with wave ((2))-red has taken place 🎯. Here is the latest update: The broader context suggests that the iv-purple wave may have concluded, and the v-purple wave may be ready to push higher. The short-term outlook suggests that the ((1))-red wave has just...
#short gold #bearish_flag breakout looking for a short entry in gold 1:3
These levels provide guidance for traders interested in trading Gold MCX Futures on June 5, offering specific entry points, target prices, and stop-loss levels to manage risk. Range Point: 71,500 Day Range: 538 points Buy Above: 71,544 Average At: 71,481 Buy Target 1: 71,832 Buy Target 2: 72,038 Buyer Stoploss: 71,365 Sale Below: 71,418 Sale Target 1:...
© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M The broader context suggests that the iv-purple wave may have concluded, and the v-purple wave may be ready to push higher. In the short term, the outlook indicates that the iv-purple wave unfolded as a Flat correction and has ended. The v-purple wave may now be unfolding to push higher. In the short...