Gold bees corrected and its at buying level buy around 60, 61 small SL 60 or 59.50 Target 63, 65 Very low risk trade Go for it guys Educational purpose only
Took the entry on Oct 3rd 2023, which is just 2 weeks back. So a move of 4.15% in such a low volatile asset like Gold from a swing perspective is more than enough for me in the current market condition. My primary intension was to park the money safely in the current uncertain situation and that intension is fulfilled. I might consider re-entering if price falls...
Added Goldbees for about 5% of the total capital. There is a potential for about 9% move from the current levels to the all time highs. But during the same time the price of Gold will be moving up by around 14%. The Gold ETFs listed in Indian market are trading at a premium valuation, unlike the ones in US market. If I had bought GLD ( SPDR Gold Shares ) in US...
Gold ETF has given breakout at important resistance level of 52.16 One can consider for long position on Nippon Gold ETF since it's at an ATH
Triangle Formation on Nippon India ETF Goldbees on Weekly chart
GOLD bees seems bullish RSI - Positive divergance Making Falling wedge pattern may breakout trading below 200 EMA
GoldBees - After almost 2 years, it is now trading below 200 MA. Except for a period of 2 year bet 2014-16, it has only few days or weeks below 200 MA. So a good accumulation time till it trades below 200 MA. DISC:Not a SEBI Registered. I post charts for my own study.
GoldBees - Raising its head above the Trendline. Look at the CupnHandle in the making. What is it upto? Is it giving the signal ahead of the market. DISCL: Not a SEBI Registered. I post charts for my own study.
Gold Bees - Any Idea what these freak trades are all about...?
Its always better to keep your portfolio divided into 3~4 non-co-related instruments. I try to keep my portfolio diversified as below: Nifty Junior :30% Gold : 30% Debt fund (Liquid) : 30 % Now it seems high time that I re-balance and move significant of investment from gold to Nifty:
Every time this weird candle appears drastic changes happen, its more prevalent in ETFs
Description on chart. Awaiting retracement of last 4 months of upmove