Gold future analysis for 25 to 29 march 2019.

Gold future daily chart analysis

Gold future on Friday closed at 32140 with huge gains. On daily chart Gold future price trend and also momentum is very strong bearish. In this week we saw 2 up days for gold while 3 down days. Gold prices after breakdown around 33300 hit my bearish target zones of 32600 and then 32100 then we saw low up to 31600. But now gold prices are in full recovery mode and came above 3k level. Here above 32000 level expect recovery to continue towards 32500 and then 33200 rupee level. Below 32k, expect super bearish trend and lower levels up to 31300 and below.

Gold future weekly chart technical analysis

Gold future on weekly chart showing big gain for this week. This was the first gaining week for Gold prices after 3 weeks continues sell off. Gold future hit my 2019 investment target of 33000 and now prices retracing towards 30900 support zone. Below 30900, gold will be best investing opportunity with price target of 34400.

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MCX Gold weekly-almost hit 32200 TGT next TGT 33100 !!

MCX GOLD future weekly call for 14 to 18th JAN

• gold future this week closed at 31928 with huge gain. this week gold prices rallied from low of 31448 to highs of 32135 rupees.

• gold future almost hit january series bullish swing target of 32200, now watch for next big move towards 33100 if breakout happens!!

• for next week, gold future if gives breakout above 32250 then expect bullish trend and upside short covering rally up to 33100+ rupees.

• but fails then expect correction and consolidation towards 31300 support zone.

• for next week, mcx gold support are around 31850 and then 31600 rupees.

• from investment view, gold above 30850 rupee level will remain buy and accumulate for targets of 33000 and above.

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Gold future technical analysis for the month of January and also long term investment forecast for year 2019.

Gold future daily chart technical analysis

Gold future on Friday closed at 31598 with loss. On daily chart Gold future price trend and momentum both are bullish. Gold future on chart now trading above all short term averages with bullish signals on indicators.

For month of January, Gold future above 31350 will remain buy on dips and on upside my technical target zones will be around 32400 and then 33100 rupees. Gold future if slips below 31350 then that will be shorting opportunity with stop loss for big downside targets of 30600 to 29550. Here global equity markets volatility and Indian rupee trend will matter most in upcoming time.

Gold future weekly chart technical analysis

Gold future on weekly chart showing gains for this week. This was the first gaining week for Gold prices after last 2 weeks fall. On weekly chart, mcx gold future price trend and momentum both looking bullish now after correction up to 31,000.

From 2019, Gold future above 30850 will remain bullish and buy and accumulate for investment targets of 32900 and then possibly 34400. If gold prices slips below 30850 on weekly closing basis then must exit longs and expect lower levels up to 29400 and below.

Gold future monthly chart technical analysis

Gold future on monthly chart showing huge gains for month of December. This was the first gaining month for Gold prices after strong correction in November series. On monthly chart 30200 look like strong support zone and 32400 will remain as top resistance and moves above or below this levels will show big targets.

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Gold future technical analysis for 24 to 28 December 2018.

Gold future daily chart technical analysis

Gold future on Friday closed at 31193 with loss. On daily chart Gold future price trend is bullish but momentum is losing out due to stronger rupee and profit booking. On upside we saw gold hit 31400 and then 32118 high but now with stronger rupee we seeing price deprecation. On char below 31400 gold future will continue to correct towards 30700 support zone. If sustain above 31400 then expect 32500 level for sure and below it expect 30700 on correction continuation. Below 30700, gold will enter downtrend.

Gold future weekly chart technical analysis

Gold future on weekly chart showing loss for this week. This was the second losing week for Gold prices due to stronger rupee and profit booking. This week we saw 650 rupee range and negative closing. Here 30500 is major long term support and gold prices inching towards them.

If gold prices give weekly closing above 32k level, then gold turn super bullish for long terms and will head for my 33600 and then possibly 35000 target zones.

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Gold future technical analysis for 17 to 21 December 2018.

Gold future daily chart technical analysis

Gold future on Friday closed at 31535 with gain. On daily chart Gold future price trend and momentum both are now strong bullish. Gold future on chart now trading above all short term averages and hit 31400 TGT and then we saw high of 32118.

We saw strong recovery from 30100 low and gold prices hit 30700 major hurdle and above it given bullish breakout and hit December first bullish swing target of 31400 and now heading for next target level of 32500. Above 31400 keep buy on dips view with strict stoploss for target 32500 and above, although we saw high of 32118 in this week. Weak rupee and risk off trades might put gold into focus and gold might show super bullish levels of 33200 to 34400 on fresh buying as well as short coverings.

Gold future weekly chart technical analysis

Gold future on weekly chart showing loss for this week. This was the first losing week for Gold prices after last week’s big gains. This week we saw some profit booking from the top. On weekly chart also gold prices are trading above all short term averages with bullish signals on indicators and oscillators.

From medium to long term view, Gold future above 28900 remain buy and accumulate and on upside targets were 30500 and then 32100. Gold future already done both the targets and now this suggesting gold is ready for next big move. Above 32k level, gold turn super bullish for long terms and will head for my 33600 and then possibly 35000 target zones.

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Gold future follow up for 14 December 2018.

Gold future chart technical analysis

Gold future on last trading session closed at 31732 with loss. On daily chart Gold future price trend and momentum both are strong bullish. Gold future on chart now trading above all short term averages and hit 32118 highs in previous sessions. Now prices are in consolidation and correction phase and retracing towards support of 31400.

Gold future above 31400 will remain strong and buy on dips with stop loss for target 32500 and above. Gold future if goes above 32500 then expect super bullish trend and huge short covering rally up to 33200 to 34400.

Gold Weekly chart looking strong and here watch for long term breakout above 32000 for upside investment targets of 33600 to 35100.

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Gold future technical analysis for 10 to 14 December 2018.

Gold future daily chart technical analysis

Gold future on Friday closed at 31595 with huge gain. On daily chart Gold future price trend and momentum both are now strong bullish. Gold future on chart now trading above all short term averages and hit 31400 TGT this week with high around 32000.

We saw strong recovery from 30100 low and gold prices hit 30750 major hurdle and above it given bullish breakout and hit December first bullish swing target of 31400 and now heading for next target level of 32500. Above 31400 keep buy on dips view with strict stoploss for target 32500 and above.

Gold future weekly chart technical analysis

Gold future on weekly chart showing big gains for this week. This was the first huge gaining week for Gold prices after last 6 weeks continues selling and profit booking. This week we saw rally from low of 30400 to highs of 32021. Total 1600 rupees rally and strong positive closing.

From medium to long term view, Gold future above 28900 remain buy and accumulate and on upside targets were 30500 and then 32100. Gold future already done both the targets and now correction is heading towards 30500 and 28900 support zones. In previous week we saw gold done 30500 corrective target now taken support just below it and hit 32k level again. Above 32k level, gold turn super bullish for long terms and will head for 3300 to 35000 target zones.

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Gold future technical analysis for December 2018

Gold future daily chart technical analysis

Gold future on Friday closed at 30240 with loss. On daily chart Gold future price trend and momentum both are bearish. Gold future on chart now trading below all short term averages with oversold indicators and heading lower almost each and every day.

For month of December, Gold future below 30750 will remain sell on rise and on downside technical target zones will be around 29600 and then 28900. Gold future is trading in oversold state so keep in mind if reversal comes then expect sharp short covering rallies ahead. Traders can hold gold shorts with trailing stoploss around 30475 and expect targets of 29600 in next weeks.

Gold future weekly chart technical analysis

Gold future on weekly chart showing loss for this week. This was the sixth losing week for Gold prices and in these 6 weeks Gold future corrected from 32280 to 30100 means 1200 rupees strong correction on profit booking.

On weekly chart, Gold future is trading now around major average with bearish indicators and oscillators.

From medium to long term view, Gold future is in correction phase and this week hit lower target of 30450. Now below 30450 expect next long term support as well as next corrective target around 28900. Strong rupee and risk on trades in equity market can push gold prices to record lows.

Gold future monthly chart technical analysis

Gold future on monthly chart showing huge loss for month of November. This was the first losing month for Gold prices after last 3 months rally and in November, gold tumbled from 31950 to 30100 means 1850 rupees correction on profit booking.

From long term view, gold future below 30450 will remain weak and sell for downside targets and expect lower level up to 28900 to 28500.

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Gold weekly: below 30750 expect TGT 29800

Gold future technical analysis for 26 to 30 November 2018.

Gold future daily chart technical analysis

Gold future on Friday closed at 30495 with loss. On daily chart Gold future price trend and momentum both are bearish. Gold future on chart now trading below all short term averages and heading lower towards my target of 29800.

Gold daily chart stochastics is oversold & turned bearish freshly suggesting big downside for gold prices. Gold daily chart MACD is below zero with bearish divergence suggesting downside for prices in next week.

For month of November, Gold future below 31550 will remain sell on rise and on downside technical target zones will be around 30750 and then 29800. Gold future hit 30750 target and now fresh breakdown below it suggesting prices headed for 29800 target zone.

Gold future weekly chart technical analysis

Gold future on weekly chart showing loss for this week. This was the fifth losing week for Gold prices and in these 5 weeks Gold future corrected from 32280 to 30400 means 1800 rupees strong correction on profit booking.

On weekly chart, Gold future is trading now around major average and if slips below it then expect deep downside from here.

From medium to long term view, Gold future above 28900 remain buy and accumulate and on upside targets were 30500 and then 32100. Gold future already done both the targets and now correction is heading towards 30500 and 28900 support zones. This wee gold done 30500 corrective target now watch for next weekly breakdown and target of 28900 on downside with long term view. Weekly chart stochastics is came down from overbought zone with sell signal suggesting sell on rise trading strategy. Weekly chart MACD is near zero but with bearish divergences.

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Gold weekly: hit 30750 sell TGT next support 29800

Gold future technical analysis for 19 to 23 November 2018.

Gold future daily chart technical analysis

Gold future on Friday closed at 31007 with gain. On daily chart Gold future price trend and momentum both are bearish.

Gold future on chart bounce backed from 100 & 5 days averages and touched 50days average this week. Mcx gold future on downside has support around 3900 which is 5 and 100 days average zone. On upside 31170 is 50 days average and strong hurdle.

Gold daily chart stochastics is oversold & now bullish suggesting bounce back towards 31550. Gold daily chart MACD is below zero with bearish divergence but formed temporary bottom.

For month of November, Gold future below 31550 will remain sell on rise and on downside technical target zones will be around 30750 and then 29800. Gold future hit 30750 target and now taken support around those levels and bouncing back. If slips below 30750 then expect next major support as well as bearish target around 29800. On upside 31300 to 31550 will remain strong supply zone.

Gold future weekly chart technical analysis

Gold future on weekly chart showing loss for this week. This was the fourth losing week for Gold prices and in these 4 weeks Gold future corrected from 32280 to 30600 means 1650 points strong correction on profit booking.

On weekly chart, Gold future is trading now below 5 weeks averages of 31300 and heading towards 20 & 50 weeks average level of 30900 & 30500. On chart look like Gold topped out around 32200 and now retracing back towards support zones.

From medium to long term view, Gold future above 28900 remain buy and accumulate and on upside targets were 30500 and then 32100. Gold future already done both the targets and now correction is heading towards 30500 and 28900 support zones. Weekly chart stochastics is came down from overbought zone with sell signal suggesting sell on rise trading strategy. Weekly chart MACD is near zero but with bearish divergences.

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