Mcxgold
Falling wedge | Bullish Flag | Swing | Trend lineGold weekly is in bull(Impulse wave already in move).
4H timeframe :: There is falling wedge pattern
Falling Wedge :: TP : 2091.10
SL : 2013.39
D timeframe :: There is a swing and bullish flag.
bullish flag :: TP : 2166.70
SL : 2013.39
Swing :: TP : 2133.75
SL : 2013.39
The CMP has taken support of 4H ascending trend line pattern.
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!
Swing Trade Opportunity in GOLD ? Looks interesting!MCX:GOLD1!
TVC:GOLD
Hello Traders,
I see a good swing or small term trading opportunity in Gold at current price.
UPSIDE resistance is around Sell zone between 1879 - 1919 with SL below 1780
This is not a buy/sell recommendation, but my personal views. You're solely responsible of your profits n losses.
Regards,
Anshul.
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
Zinc | Bullish sign for this Winter 2021MCX - Zinc offers 2 opportunity to ride the bullish trend. From the seasonality historical data, it has been always witnessed that by the end of November price starts accumulating demand the demands of the market.
As represented in the above chart, wait for the price to come near our area of interest and wait for other bullish conformations.
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 .
Gold mcxGold mcx above 47500 is about to fly,
one can go long at current level or in dips with stoploss of 47200, for Targets of 47512, 47599, 47644 and 47706.
Volume is Good
Daily MACD Positive Crossover
Hourly macd is Uptick and also above zero line
Hourly RSI above 60 and Uptick
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing
GOLD WILL COME TO $1440 ?When every one bullish in this yellow metal, we have to look at the wave analysis for long term cycles. It's hard to agree
After tremendous bull run(3rd wave) from march 2000 to September 2011 ,Gold is in 4th wave consolidation(3,3,5 Normal flat)
Emerging C wave will bring gold to 1440 levels(minimum61.8%) in october this year and followed by $1060 in 2024.
logrithmic scale choosen for clear visual of wave labelling.
GOLD ::: BULLISH07 MAY 2021
INSTRUMENT: GOLD
TREND: BUY
TIME FRAME: DAY
CMP: 48207
BUY ABOVE: 48320
STOP LOSS: 47751
TGT 01: 49577
DISCLAIMER:
We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever