Gold’s Next Bull Leg In Progress

free commodity gold xauusd daily chart tips

Bull Gateway: 1852
Gold has created three consecutive positive bars in the last 25 trading sessions (36 days) for the first time. And it’s above 200 MA. That’s a good sign for buyers! If gold breaks the parallel channel, my upside targets Continue reading

Gold Price Predictions for 2022

In the previous trading session, MCX Gold made a high of 51538 and closed at 51343 (+444). A question is, is it moving upward?

To identify uptrend:

There are two hurdles to continuing the uptrend. It should break out the 5th May high or settle above the control line.

According to the above chart, Gold is forming a bullish flag pattern. And we’re waiting for a breakout of the flag pattern. This breakout will skyrocket the gold price, and we can see 6400+ points of bullish movement here. Long-term target for gold 58000 – 60000.

Gold downtrend confirmation:

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MCX Gold & Nickel – Profit Booking Time

Free mcx gold chart tips

Did you read the gold report? If not, click the below link.
22 Feb 2022: MCX Gold’s Bullish Mode Activated

While the gold price at 50532, I had written, “we will see the gold price above 51160 – 51740“.

Today, it has touched the first & second target. Who bought it? Profit per lot: Rs.1,20,800

Free mcx nickel chart calls

I have updated a full report of Nickel on Feb 6, 2022. Did you read it? If not, click the below link:
2020’s Uptrend Channel Is Everything For MCX Nickel

I had written, “It’s a 100% sign for a buy signal. But intraday or short-term investors should confirm that breakout before proceeding. And they must look out for candle’s fakeout. Afterward, be ready for the targets of 1800 – 1840 – 1876+“.

Today nickel has touched all targets. Who bought it? The target was 133.4 points. Profit per lot: Rs.2,00,100

What else do you need from a free subscription!?

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MCX Gold’s Bullish Mode Activated

free commodity gold tips daily chart

Did you read the 26 Jan 2021 article on Gold?
Article: Don’t Get Yourself Into a Bull Trap With MCX Gold

Wherein I have highlighted a strong resistance (SR) which is 49280. It has broken down on 14 Feb 2022. That indicates the MCX gold uptrend is unfolding here. If it consecutively remains above the SR, we will see the gold price above 51160 51740.

The following indicators have been indicating impending advance:
ADX, DMI, and MA

Watch significant releases or events that may affect the movement of gold, silver, and crude oil.

Tuesday, Feb 22, 2022
19:30 S&P/CS HPI Composite – 20 n.s.a. (YoY) (Dec) – Medium Impact
20:15 Manufacturing, Markit Composite, & Services PMI (Feb) – Medium Impact
20:30 CB Consumer Confidence (Feb) – High Impact

Thursday, Feb 24, 2022
03:00 API Weekly Crude Oil Stock – Medium Impact
19:00 GDP (QoQ) (Q4), and Initial Jobless Claims – High Impact
21:00 Natural Gas Storage – Low Impact
21:30 Crude Oil Inventories – High Impact
22:30 FOMC Member Mester Speaks – Medium Impact

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Will Gold (XAUUSD) Reach $2050 Before December 2022?

free forexcurrency xauusd gold chart calls

XAUUSD is forming a triangle on the wave ((4)).

This correction has taken more than 17 months, but the triangle is not over yet. Price has completed wave D of the 4th wave triangle, and wave E of wave A is in progress.

After completing the wave sub-wave A, the price will start wave B & then wave C.

The ending point of wave E is the starting point of the impulsive cycle.

Calculation of wave E:

Wave E can end 100% of wave sub-wave A at 1726.

Wave E can end near previous sub-wave B at 1719

Wave E can end at 100% of wave D at 1704.

Traders can wait for the breakout of the B-D trend line. Note that if the price doesn’t break the B-D channel, sideways will be continued.

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