Gold USD Analysis

15 April 2021 6 March 2021 20 Jan 2021 Gold USD Analysis. As on Thursday 15 April 2021. CMP 1740. Posted at 10:10 am. Bottom line : The bearish count is favoured that shows price heading to the US$1100-1200 level, but this could take many months to play out in a sideways to lower sequence. […]

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MCX Gold Analysis

MCX Gold Analysis. As on Thurs 8 April, 2021. CMP 46,300 Posted at 8:00 am. Bottom line : Price remains in a downtrend.  But there are conflicting signals, and the picture is not clear. An impulsive 5 wave up, or a rally above 49,500 may cause a re-evaluation. Price remains in a downward trend channel, […]

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Gold USD Analysis

6 March 2021 20 Jan 2021 Gold USD Analysis. As on Saturday 6 March 2021. CMP 1700. The decline from last post from 1860 has raised the probability of the bearish count, which is now the primary count. Primary count : An important top is in place at 2072.  This likely represents wave B of […]

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MCX Gold Analysis

5 March 2021 4 Jan 2021 25 Nov 2020 14 Oct 2020 MCX Gold Analysis. As on Friday 5 March 2021. CMP 44,280. Posted at 11:10 am. Bottom line : The breakdown from 47,550 was the first clue the trend had turned lower.  The decline does not appear complete. Trend channel : Price is testing […]

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Gold USD Analysis

Gold USD Elliott Wave Analysis. As on 20 Jan 2021. CMP 1860 Bottom line : The wave count is unclear. We cannot rule out further new highs above 2072.  By the same token, a high could be in place in a larger wave B, and is headed lower in a long drawn choppy wave C. […]

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MCX Gold Analysis

4 Jan 2021 25 Nov 2020 14 Oct 2020 MCX Gold Analysis. As on Monday 4 Jan 2021. CMP 50,809 Wave ii down appears complete at 47,550.  Wave iii up should carry above 56,191. Today’s gap up has raised the probability that a wave iii rally is underway.  This count holds good as long as […]

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Gold USD Analysis

Gold USD Elliott Wave Analysis. As on 26 Nov 2020. CMP 1815 Bottom line :  Neutral to bearish.  Price has options. No preference re count. Count 1 :  This count calls for a new high above 2072.  From a wave perspective, it would complete a larger wave B and set the stage for a decline […]

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MCX Gold Analysis

25 Nov 2020 14 Oct 2020 MCX Gold Analysis. As on 25 Nov 2020. CMP 48,455 There is a possibility the larger rally completed at 56,191, but as long as 45,748 is not violated, the probability is for continuation of the larger rally. Primary count : Price appears to be completing wave ii of an […]

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Gold USD Analysis

Gold USD Elliott Wave Analysis. As on 28 Oct 2020. CMP 1907 The wave counts show too many options. We are neutral on Gold in US Dollars We show options available and possible paths price can take, but have no opinion on likely path. No preference re count. The Ichimoku daily chart shows price below […]

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