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...
Daily reversal candle after a breakdown on a daily chart. In the event of a daily closing breach of the support levels (red lines), there is a possibility of further downward movement, emphasizing the importance of implementing risk management strategies.
an understanding of my trading style, trading of reactions with more reactions
if Sustain above 2339.1 to 2341.6 then 2346.2 then 2350.9 to 2357.7 strong level then 2362.4 to 2369.2 above this bullish if Sustain Below 2328.1 then 2324.1 to 2323.2 then 2316.4 below this bearish then around 2300.2 Consider some buffer points in above levels. Please do your due diligence before trading or investment. **Disclaimer - I am not a SEBI...
Precious Metals have softened recently after continued liquidation, stop-loss selling, and de-grossing pushed Gold futures down to a value zone of $2300/oz on the June futures contract. Since then, bargain hunters have stepped in, driving futures $30 off their lows. The potential for a strong recovery in gold is on the horizon, especially if miners strengthen and...
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...
Been a while, Ill be getting back i the mix, didnt see a set up yesterday I liked for Technical Tuesday, heres what I like today.
Good Evening and I hope you are well. Gold comment: Tough spot to trade imo. Different time frames tell different stories here. Daily had a big reversal and closed above the 20ema. 4h says it’s a small pullback from a potential W1 of a bear trend and on the 1h chart we could argue that market formed a nice double bottom and we trade back to the weekly high...
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...
© 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...
Gold reversal is in reversal pattern. Head and shoulder chart pattern is in place.
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.