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.
4.23.24 This video was mostly about reading the market... looking for the location of buyers and sellers using important patterns and not using tools such as oscillators that are far less accuratedo not provide you with a trade location that increases your chances of the market moving in your direction before it moves significantly lower.
For your Study only
If Sustain above 2348.8 then 2354.9 to 2357.6 above this bullish movement then 2365 to 2367.7 then 2379.1 to 2381.8 then 2391.3 to 2395.4
If Sustain below 2340.9 then 2333.4 to 2330.7 below this bearish then 2319.5 to 2316.8 then 2302.1 to 2298.1
Consider some buffer points in above levels.
Please do your due diligence before trading or...
COMEX:GC1!
"Never give up! Failure and rejection are only the first step to succeeding." -Jim Valvano
This is perfect play for a high probable trade to go LONG!!!
Check out the Chart Link below where I breakdown the reason being why I think the market will take off LONG...
Remember when it comes to FRM (Financial Risk Management) our Job is to manage the...
Esteemed analysts and traders,
I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own...
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...
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...
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...
*Major levels only
if Sustain above 2346.9 then 2360.8 then 2374.6 then 2398.7 to 2401.4 or 2404.1above this more bullish
if Sustain Below 2338 then 2301.5 then 2289.7 to 2287 or 2284.3below this more bearish
Consider some buffer points in above levels.
Please do your due diligence before trading or investment.
**Disclaimer -
I am not a SEBI registered...
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...
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.
-...
- Quite a run on gold
- Left a lot of inefficiencies behind
2 potential targets annotated on the chart
Gold can take its sweet time to accumulate shorts
This week will be interesting, potentially choppy
the gold market this year has essentially only seen upside. since all time highs theres been a run on available contracts during a contraction that has ended suddenly.
it appears that todays rally has been sustained, and the uptrend in futures has all but resumed according to a credit liquidity crunch and bear dollar environment.
according to tv alerts, forex...
