Gold futures have risen since mid-August, with $1900 on the downside and $1975 on the upside. The technical perspective shows momentum studies rising to overbought territories, indicating this may be the beginning of the next bull market. DMI + crossed back above DMI - and the 8-day moving average looks set to recapture the 34-day moving average.
Weaker Economic...
SNRC1 setup
this is idea of support become resistance
selling pressure is higher than buying pressure
Elliot wavem30 chart show that GOLD is on minor correction
this is counter trend set up so I set RR just 1
Gold is on d horizone to make or break. Currently on a verse of penetration zone where market depending on d current data to establish new trend Or following old one.
Nfp data on focus. Mcx gold is currently above 61% fibbo n trying to sustain, if manage we might seen $1965-75 soon while if not then will drop below 1930-25 to 1900 n below.
In mcx it will be...
8.31.23 Gold looks like it's going to trade a little bit lower so I framed it as a possible short trade. I'm looking for it to move to a support area... if I actually place this trade I would have a bracket order Using that Target. Why would I do that? When markets move down to a support the other side of me is looking for a long trade and for the market to make a...
History doesn't repeat, but often rhymes.
Silver's roadmap towards 34$ and 48$.
#silver #silversqueeze #gold
notes
overshoot final
reverse symmetry move target
(building new pattern)
expect an overshoot much higher
The precious metal faces one of its most prominent headwinds, rising real yields. As a non-yielding asset, Gold must compete with the risk-free return that U.S. Treasuries provide.
Furthermore, the difference between Treasury rates and the inflation rate provides what is known as the Real Yield. According to the St. Louis Fed Economic Research, Real Yields...
8.30.23 This video Is about gold. I bought gold yesterday... and I bought it where I would normally exit the market if I were a buyer at a lower price. I broke my rules... and to be honest I really don't like doing that... because my rules protect me and they keep me out of trouble and they help preserve my reward on a trade that I have taken. We looked at what...
GOLD has now reached the 0.382 fib point of the most recent weekly wave.
As I have mentioned on my previous weekly analysis, this was the first zone to start looking for shorts.
For now, wait to see how price reacts in this area.
This appears to be a good area to long towards our weekly target of the 0.382 - of the weekly wave down.
On larger time-frames such - in this case, the weekly - GOLD has formed a very substantial head and shoulders pattern.
We have have not yet reached our minimum shorting zone, so for now, continue to look for LONG opportunities.
Keep in mind, it is likely...
The price has already broken the cup pattern. now, the price is at the PRZ point, which can be good, If of course,Price keep the PRZ zone. If the price can break the 2080 point in the midterm, the price will reach the target much more easily.
➡️ Note if the PRZ is broken downwards with the strength of Bearish candles or , this analysis of ours will be...
Mcx gold chart analysis.
Traders, who understand this chart, will make huge money in upcoming session/quarter.
Who already draw this, can easily relate with this.
Gold retracement can go up here, $1936-1947 are breaking zones, for both side. If price closed above go for buy, if not short huge.
Current Gold short zone 1942-1945. look for confirmation to down side with the break and retest of current trendline. Falling RSI can be seen as another conformation of price decreasing.
Look for pull back to the 1.27 fib level on 30 min time frame. Possible sideways range between 1925-1940 for consolidation as price are far away from higher time frame moving...
As you can see, a Hawkish Fed does not necessarily have a momentous impact on gold. From 12/16 to 12/18, the Fed went on a hiking spree and gold fluctuated at a level between 1300 and 1100 over the period. So there was a base set over a two year period. When the Fed pivoted and halted the interest hikes, gold jumped and then leveled for a while until rates were...
