World Class Accuracy in Xauusd sell mode 2567 to 2530..37ptsSell condition
Xauusd sell below 2567.50
Stop loss....2581
Tp 1.......2560....7.50 pts
Tp 2........2550....17.50 pts
Tp3........2530......37 pts
This level only for education purpose only
Mcxgoldtips
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
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 .
MCX Gold Trading Strategy for Intraday TradersGold is taking reversal from the strong support (SS) level ( 48635 ). And at present, it's very close to the SS. Can we see a reversal again?
If gold remains above SS, then it can touch the following levels: 49000 - 49200 - 49400
But according to RSI, MA, & DMI, it seems in a downtrend. So, if MCX gold breaks the support level, we may see the following targets: 48460 - 48260 - 48000
MCX Gold Double Bottom – Potential ReversalIn the last two weeks, MCX gold has lost -2003 points. We may see a continued downtrend up to the support line (Range: 49600 - 49200 ). Intraday traders can play between freefall by taking it as a target.
As mentioned in the chart, the double bottom pattern will complete when the price fails to break past the two bottoms and heads back to the neckline.
Short-term targets: 50900 - 51860
Long-term targets: 53560 - 53400
But if gold fails to complete the double bottom pattern by breaking the support line, we may see continue downward movements. And the gold price will come at/below 48760 - 48000 levels.
If it happens, I will update you ASAP. Follow my account for immediate update notifications.
MCX Gold Intraday Pullback Before Acceleration LowerBreakout Range: Approx. 3300
Hurdle: 50600 level
At present, gold is trying to recover the previous loss. The support level has broken (flat lower trendline), and it becomes resistance now. We may see the continuation of the downtrend from there. That could fall to the following levels: 49360 - 48760 and below.
Lionheart traders can hold for 48000 to 47360 .
Please don't mess after a breakout of reversion bounce off level.
MCX Gold Trading Strategy for Intraday TradersThis chart is all about the assumption of the future moves of the gold, which has created by using the Elliott wave patterns of impulsive & corrective waves.
In the beginning, there are impulsive waves which converted into the corrective waves now. Gold cannot keep drilling downward. Before the downtrend begins, we may see the following levels: 51160 - 51300 - 51460 - 51600+
Kindly note, don't buy it after a breakdown of the last tail. This breakout can pulldown the gold price up to 50660 - 50400 levels.
MCX - GOLD AnalysisHere's a short term analysis for MCX-GOLD
Fibonacci Levels shown in the image might act as targets.
50% retracement level would need a re-analysis.
GOLD LONG-TERM TREND ANALYSIS, TIPS, & CHARTAs per the chart above, gold is trying to take a U-Turn. It can slip for 47460 – 46760 – 46260 levels.
As per the S-RSI, it will start running upside soon for the dynamic resistance level of 53900. Hence, targets: 49560 – 50000 – 52000 – 53000+
Don’t forget to keep your eyes on downtrend level 46260 .
Gold’s Next Big MoveFor intraday traders:
If that is a right shoulder, C (T1) and C (T2) are the next targets. S RSI is confirming the downtrend by crossover.
For the long-term investor (Hurdle Breakout):
T1: 47560
T2: 47260
T3: 47000
