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The under going C wave of ABC zigzag correction may push the price of GOLD to drastic down
Falling crude price, rising stocks, are the main reason
India is started its sowing process which is also a diminishing factor
The Fibonacci targets are shown
Sell Position in MCX Gold:
Entry Price: Market Price (at the time of execution)
Target 1: Around 57,100
Target 2: Around 55,000
Stop Loss: 58,900
chart Time Frame is : 7 hours
Entry / Exit Time Frame: 2 hours
Reason for the Trade:
This sell position is based on the analysis of the supply and demand zone, as well as the market being in a downtrend. The supply and...
Price is GC is in a demand area inside a descending triangle. I expect price to retest the most most impulse move lower near 1960 before continuing lower to 1920
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bears are taking over so we will bend to the will of the crowd and sell too.
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Alright. Here we have it. A beautiful set up for a lovely short. I believe gold is still in Selling Climax, I expect it to clear liquidity at 1888 region before retesting and getting a leg up into the 2k region.
This call is rough a week or two. Plenty of RED ASS OBs waiting to get hit. Frankly, I see a short happening at 1950 but, I'm fairly confident of the...
If you haven't followed my analyses for the last 15 years.
You'll know, I am a BIG gold bull.
Yes I know gold hasn't performed as well as it did in the 50s, 60s, 90s etc...
But it's the tortoise of commodities with the algorithms, the exposure in longs and shorts and with the greater variety of safe-havens.
But Gold will eventually head up to $100,000...
In the coming hours or days, gold will move down after the pullback to the previous week's low and will break its last week's bottom to experience the low numbers again.
Someone mentioned to me that Gold is an asset that never loses money. I took the effort to show previously that Gold can very well do a 20% drop over a slow bleed (months) before it travels back up months later too. I also warned that Gold appears not to be able to keep properly and well above 2000-2080. Since 2020 (the Gold Odyssey series started in 2019), there...
6.22.27 The market is at a 1.272 which could be a reversal for the market to move higher. On the other hand I think it's going to move lower so I asked that question and I submit an answer. it's very important to frame your opinion about a market Looking from the distance and Looking up close. I went through the transition from the low pivot to the high pivot...
Gold is arguably the most sensitive commodity to monetary policy. The metal operates more like a pseudo-currency than a regular commodity (a regular commodity’s price is driven by the balance of supply and demand, gold is driven by many of the macro determinants of currencies).
After hiking rates every meeting since February 2022, the Federal Reserve (Fed) took a...
6.22.23 In this video I discuss some of the mixed messages of the dollar versus the gold. I started out with the silver market because it really looks to me like it's going to go lower and that's significant because that may influence the gold in a positive way so that it goes lower. the dxy Is a mixed bag for me... it's not clear. and that's the market sometimes....
yes eys on neckline 58350 spot 1918$ stya blw or close blw 2 days will show power 1880--1845$ in mcx 57278--56100+++++ yes more update it will completed or not stya tuned with us wia whtsup
As per the analysis of the provided chart, the outlook for Gold suggests potential downside towards the levels of 59260 , 59000 , and 58700 . Traders should pay attention to the level of 59600 , as a crossover and close above this level could signal a resumption of the uptrend. The presence of the 100-day moving average and a parallel channel on the chart...
