Gold MCX Technical analysis 11 September 2020Gold is has been tested blue trend line multiple time. before it makes any significance moves it has horizontal levels to broke
Mcxgold
Gold Likely to retest the previous zone and then bounce Gold Likely to retest the previous zone and then bounce to previous High
Trade Plan: Wait for it to retest and break 52405 to go long
Will Gold Glitter ......... More ?
Gold Bullish and bearish levels marked on chart.
Like.... Follow.... Share.... Staytuned
Gold MCX Resistance and support levelsPlease put Stop loss for any trades for safer side. These are the intra day levels.
Risky Sell 1.This metal keep on cutting the resistance levels. However the last movements resistance levels seems at 56,000.
Sideways between 2000 and 1900 levelsNotes
1. 1941 stands in good support level. Breaks below that may catch 1910 and 1900 levels.
2.Gold seems easily won't go down because of global economic pressures.
3. We can wait for the breaking news for further decisions.
4. Indian traders please close your position within a day either profit or loss to avoid opening bell losses for the next day.
GOLD LONG-TERM TREND ANALYSIS, TIPS, & CHARTAs per the chart above, gold is trying to take a U-Turn. It can slip for 47460 – 46760 – 46260 levels.
As per the S-RSI, it will start running upside soon for the dynamic resistance level of 53900. Hence, targets: 49560 – 50000 – 52000 – 53000+
Don’t forget to keep your eyes on downtrend level 46260 .
MCX Gold intraday SetupSeeing narrow range / consolidation phase with hurdles at 48290 to 48400 levels....
basically drifting down to 48000 levels on ebery rise....
Gold’s Next Big MoveFor intraday traders:
If that is a right shoulder, C (T1) and C (T2) are the next targets. S RSI is confirming the downtrend by crossover.
For the long-term investor (Hurdle Breakout):
T1: 47560
T2: 47260
T3: 47000
Gold next week trend plz read the chart and trade as per ur choice and leave ur cell number for group msg.....
Comex Gold - Selling The Tops at 1705 $-Case of Ending DiagonalDisclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Happy to get the clue straight from the yellow metal & to see it unfolding as expected on 7th March 2020 video idea which was published on Indian Version - Nifty / Gold / USDINR - The important Juncture.
Video Idea (Click the Idea Below)
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Long Term Outlook
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A possible case of Ending Diagonal which suggest that the rally which started from 1045$ to 1705$ has completed & we look for downside Targets - 1045$ / 900$ / 750$
Short Term Outlook
Wait for some bounce above 1500$ in the zone 1590 - 1625$ zone - If you see the commodity getting rejected in the suggested zone then putting stops above 1635$ could be an opportunity for selling the commodity for
Targets - 1500$ / 1445$
Thanks for watching the video & stay classy till next idea.
XAUUSD- short term inflection pointInteresting short term inflection point, If we continue to hold below 1505 areas we go and test 1475-70 region , hold above 1505 look for a straight test of 1530 regions
All that Glitters is GoldHad called out Gold as the asset class of the year at the start of 2019, and boy it has had a stellar run so far. Now right at the edge of a major area. a increase in risk aversion in equity markets can just help this blow right past this zone.
Gold-Explosive 150$-Let us turn down@1324$Trading Strategy
Sell in 1320-1323 Zone or Sell Below 1310$ -Strict Stops above 1325$
What's in Gold Now?Hello Everyone,
So, as per the previous posts, We are on the short side in Gold & now it important to watch that Will the gold give today's closing below $1304 or not. If below $1304 then $1285 will be the next stop.
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Utsav Babbar
