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Mcxgold

CFD Gold Chart Analysis: Wave 4 in FocusHello friends, let's analyze the Gold CFD chart from a technical perspective. As we can see, the higher degree Cycle Wave III (Red) has completed, and we're currently in Cycle degree Wave IV (Red). Within Wave IV, we expect a Primary Degree ((A)), ((B)), and ((C)) in Black. Wave ((A)) has completed, Wave ((B)) is almost complete, and Wave ((C)) is expected to follow. Within Wave ((B)) in Black, we have Intermediate Degree Waves (A), (B), and (C) in Blue. Waves (A) and (B) are complete, and Wave (C) is nearing completion. Once Wave (C) in Blue completes, Wave ((B)) in Black will end, and Wave ((C)) in Black should begin. According to theory, Wave ((A)) came down and then wave ((B)) retraced upwards so now Wave ((C)) should move downwards, forming a zigzag correction. The equality level is around $2858. However, we don't know if it will reach this level or extend/truncate. The invalidation level for this view is 3169.23. If the price breaks above this level, our analysis will be invalidated. This analysis is for educational purposes only and not trading advice. There's a risk of being completely wrong. Please consult your financial advisor before making any trades. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
TVC:GOLD
by RK_Chaarts
3
Breakout Confirmed! Gold’s Next Target Could Be $3,500+Gold has reached a new all-time high (ATH), signaling strong bullish momentum. The breakout above the long-term rising trendline, which previously acted as resistance, indicates a shift in market structure. The resistance zone has now turned into support, confirming buyers' dominance. A minor pullback or retest of this breakout level could be expected before a stronger continuation to the upside. If the price sustains above this zone, potential targets lie at $3,100-$3,200 in the short term and $3,500+ in the medium term.
TVC:GOLDLong
by unichartz
Gold Trading Strategy for 16th December 2024Gold Trading Strategy Buy Above: The high of the candle which closes above 2662 on a 15-minute chart Sell Below: The low of the candle which closes below 2636 on a 15-minute chart Risk Strategies: Risk Strategy 1: Sell between 2660-2666 Stop-Loss: 2675 Targets: 2648, 2636, 2619 Risk Strategy 2: Buy between 2621-2617 Stop-Loss: 2608 Targets: 2636, 2648, 2660 Additional Tips: Monitoring: Continuously monitor the 15-minute chart for clear buy or sell signals. Risk Management: Always use stop-loss orders to manage risk and protect your capital. Market Conditions: Stay updated on market news and events that could impact gold prices. Disclaimer: This analysis is for informational and educational purposes only. Please consult with a certified financial advisor before making any trading decisions.
OANDA:XAUUSD
by ramkkyy
Crude Oil Latest Strategy Trading Strategy Through the analysis of the daily chart of crude oil, we know that the market continued to fluctuate in a short-term high and narrow range yesterday, and the upper part has been subject to the suppression of the 30 moving average. Judging from the three recent declines, there is less room for rebound each time. The strength of the negative line is relatively strong, and the current moving average system has been in a short position, and the MACD below has been running below the zero axis. The red bull energy column is smaller than the wave, indicating that the bulls have exhausted their actions, and there is a waterfall in the market. , It is a normal phenomenon. In the short term, we will continue to focus on the suppression of the 78.00 line above, and the pressure on the 80.00 line above. In terms of operation, we will continue to focus on shorting rallies. The specific suggestions are as follows: Crude oil 77.90 and 80.20 are shorted respectively, the stop loss is 70 points, and the profit is 400 points Crude oil 74.80 and 72.10 are long respectively, the stop loss is 70 points, and the profit is 200 points MCX:CRUDEOIL1!
MCX:CRUDEOIL1!Short
by Crazylambboy
Don't Get Yourself Into a Bull Trap With MCX GoldKey levels: 47948 - 49290 Gold is rejecting uptrend and downtrend at the level of 47948 . And we don't see a powerful movement in the 2021 year, wherein it throwout the level of 49280 successfully. Here, you will have a strong support level, wherein we may decide about buying or selling. And it is the level of 47948 . Intraday traders can keep buying the gold for targets of 48360 - 48640 - 48890 - 49280 until it remains above the level of 47948 . But, if you see a breakout of the first 'key' level, then sell it for the targets of 47480 - 47060 below. Buyers must be aware these days. Why? The gold prices may push down with power compared to an uptrend because of Coronavirus (Omicron). For advance traders, watch significant releases or events that may affect the movement of gold, silver, crude oil & natural gas. Tuesday, Dec 28, 2021 20:30 CB Consumer Confidence (Dec) - High Wednesday, Dec 29, 2021 03:00 API Weekly Crude Oil Stock - Medium 21:00 Crude Oil Inventories - High Thursday, Dec 30, 2021 19:00 Initial Jobless Claims - High 21:00 Natural Gas Storage - Low
MCX:GOLD1!
by forextidings
4
FOMC Minutes: A confirmation for an explosive rally in XAUUSDGold has started collapsing nonstop after Nonfarm Payrolls data. And it stopped at my ' tested many times ' level. XAUUSD has recovered 50% almost in the previous week. The gold spot needs to break the 1793.6 level to start an uptrend. Afterward, it will go for 1806 - 1826 levels. And these levels can push the gold price up to 1900 . But if gold breaks the strong support again, it will start falling. This time, it won't stop! Hence, the short-term traders can start selling from there for the targets of 1744 - 1726 - 1684 . For advance traders, watch significant releases or events that may affect the movement of gold, silver & crude oil. Especially, don't forget to watch this Wednesday's events to find out gold upcoming actions. Tuesday, Aug 17, 2021 18:00 Core Retail Sales (MoM) (Jul) - High Impact 23:00 Fed Chair Powell Speaks - High Impact Wednesday, Aug 18, 2021 02:00 API Weekly Crude Oil Stock - Medium Impact 20:00 Crude Oil Inventories - High Impact 23:30 FOMC Meeting Minutes - High Impact Thursday, Aug 19, 2021 18:00 Initial Jobless Claims - High Impact 20:00 Natural Gas Storage - Low Impact Friday, Aug 20, 2021 Baker Hughes US Oil Rig Count - Low Impact MCX Gold Will Have An Explosive Rally This Wednesday: MCX traders should keep their eyes on the 46720 levels. It's a trend changer. As per XAUUSD, Indian MCX Gold can raise 47500 - 48260 after a breakout of $1793.6 . And if it breaks the strong support of Gold Spot, it will keep falling for targets of 46260 - 45860 .
OANDA:XAUUSD
by forextidings
1