Hello Friends,
Here I come with a Traders Love Story, on the Occasion of Valentines Day !!
Here is a Reference of My Previous Update on the Bullion for My International Clients.... https://fxmagician.blogspot.in/2015/11/gold-what-next.html
The MCX Gold is a Derivative Contract which involves High Risk to your Capital, so Trade according to your Risk Management and Consult your Trading Adviser before Entering the Trade. For me Shorting the Metal for smaller Gains of 100-200 points is a Bad Idea, I will Look for a Fall to Buy, which is Technically, Practically and Theoretically a Better approach to Trading with Proper Risk : Reward. As the Risk : Reward in Buying side in uptrend is always Good than Playing Opposite. Some Guys Keep Playing Both Sides and Never Guide Traders about Proper Risk Management.
Here I come with a Traders Love Story, on the Occasion of Valentines Day !!
Here is a Reference of My Previous Update on the Bullion for My International Clients.... https://fxmagician.blogspot.in/2015/11/gold-what-next.html
Those who are on My Telegram Channel and on My Whatsapp Broadcast List might have gone through my Analysis on Gold in my Yearly Report. If You are Not on my Telegram Channel, Please Join in as Fast as Possible so you may not miss the original updates, I have found many guys circulating My Analysis by changing the charts and wording after my post and claiming the same as their own analysis. So Take Care before you follow someone..
Today was a Volatile day in Comex Gold and Equities in US Market due to the Inflation data in US. Many traders came out with queries on what to do in GOLD.
The Answer is Simple, I Never Change my Views with Small Volatility. View Remain the same as I always follow Long Term Charts and My Views derived from them are normally Shock Proof.
Here is What I have written in my Analysis in the Yearly Report ..
I have clearly given my Views in clean words .. The Metal is always a Buy on Dips.. in Last Few Days, Gold Has done lows around 1305-1306 from 1344 and today did a High of 1350 almost.
Here is a weekly Chart of the Commodity ..
This Chart Clearly Indicates a Break of Down Trend, Sideways Moves after Breakout and Formation of "Cup & Handle" Formation. The Formation is Very Much according to a Secret Formula that no one will tell you. (You may learn it in our 2 Day Technical Analysis Workshop in Mumbai on 17th & 18th Feb 2018, in Pune on 24th & 25th Feb 2018, In Hyderabad on 10th & 11th March 2018... Register Fast as the Seats are limited and are getting booked fast)
The Cup & Handle Chart Pattern Breakout Will Take the Bullion Metal towards a Target of 1566-1588 levels. Obviously it will not be a One Way Move, It will move slowly and steadily with Smaller Corrections in between, As the Targets are Very Clear, You must be able to follow the trend.
What About Indian Rates in Gold?
Gold is assumed to be a Safe Heaven for Investors across the World and Our Love as Indians with the Gold is known to the whole World. We are obsessed with the Metal and it is the Most Preferred Investment for us Indians.
Let me Guide you through the Chart, The Chart is Different from Comes Gold, the reason is Dollar Rupee Conversion in Rates. The Metal was moving in a broader Range and Never Corrected big even after a Big Correction in Comex Gold. Here in MCX Gold, We can see a Similar Structure Forming which is Termed as Cup & Handle, it's a Bullish Pattern and The Price is Now Trading near Neckline of the Formation, Closing above the Neckline on Weekly Basis will Confirm the Breakout and it will give a Way towards 32440 - 33200 levels in Gold in Near Term. The Support will be The Rising Trendline as the Price progresses in the uptrend. Immediate Support will be 29730 area and it will be a Good Demand Zone for the Metal.
The Conclusion is :
MCX GOLD is a Safe Buy on Every Dip Towards 29730, with a Small Stoploss, It is a Buy Above 30570 Levels on Weekly Closing Basis. for Higher Targets of 32440 and 33200 in Near Terms.
The MCX Gold is a Derivative Contract which involves High Risk to your Capital, so Trade according to your Risk Management and Consult your Trading Adviser before Entering the Trade. For me Shorting the Metal for smaller Gains of 100-200 points is a Bad Idea, I will Look for a Fall to Buy, which is Technically, Practically and Theoretically a Better approach to Trading with Proper Risk : Reward. As the Risk : Reward in Buying side in uptrend is always Good than Playing Opposite. Some Guys Keep Playing Both Sides and Never Guide Traders about Proper Risk Management.
Those who Want to Trade on Own Analysis by Learning the Analysis in Simplest Form, There is a Chance for them with our Training Workshops in different Parts of the Country.
Those who are not on Our Telegram Channel may Join us There for Faster updates... Click Here === >> https://t.me/options2017
Disclaimer:
The Adviser, Atul S Shinde is a Global Currency, Commodity and Stock Market Expert, Technical Analyst and Fund Manager for International Clients. He is Having 10 years of Experience Guiding International Clients from Most of the Countries Ranging from Bangladesh to USA.
The Adviser, Atul S Shinde is a Global Currency, Commodity and Stock Market Expert, Technical Analyst and Fund Manager for International Clients. He is Having 10 years of Experience Guiding International Clients from Most of the Countries Ranging from Bangladesh to USA.
The Analyst is a SEBI Certified Investment Adviser in India and Working For Indian Clients since Last 9 years as an Analyst.
Connect with the Adviser on Whatsapp : (+91) 8275 298 208, or Mail at : paidsignals@gmail.com ....
Register for the Workshops Faster to avoid Frustration, We Are Increasing Our Fees From Next Batch !!
Trading is all about Analysis and Risk management !!
#Gold #valentinesday #trading #mcx #commodity #fxmagician #optionsmagician
