Gold's Next Move: 12,000 or Sideways?
43sHigh anticipation about gold's price direction, tapping into trader curiosity and fear of missing out.
▶ Play Clip"Title promises a review/preview but delivers a rambling analysis with heavy promotion and vague predictions."
This video provides a technical analysis of gold and Nifty markets, focusing on recent price movements, key support and resistance levels, and the impact of geopolitical events such as the Iran-US conflict and Trump's tweets. The analyst discusses the current sideways trend in gold, potential head and shoulders pattern, and Nifty's channel behavior, offering insights for traders on when to enter or avoid the market.
Gold has recovered to around 13,200 after a previous decline, with current trading in the 40-400 range.
Gold broke through 4400 and climbed 200 points to 4600, with expectations of reaching 4800, but faced resistance.
Gold moved from $5000 to $4100 (900 points), rallied to $4600, then retraced almost 50%, indicating a large range and subsequent sideways movement.
Gold has officially entered a sideways market, influenced by the Iran-US war and Trump's manipulation, including a large oil trade executed 15 minutes before Trump's tweet.
The analyst advises avoiding gold trading during this uncertain period, waiting for a breakout above 4600 or a fall to 4400-4300 before making decisions.
A potential head and shoulders pattern is forming, with a neckline retest around 4000-350 and support at 4000-300; a break could lead to 4100.
Nifty has entered a proper channel, with support at 22500 and potential fall to 21800-22000 if broken.
Nifty rallied 500 points from 22500 to 23500, driven by Trump's news, but could reverse if geopolitical tensions escalate.
If Nifty breaks 21800 and closes at 23500, the next resistance is 23800, with R1 and R2 levels acting as barriers.
The video concludes that gold is in a sideways phase with a potential head and shoulders pattern, while Nifty remains within a channel, with both markets heavily influenced by geopolitical news. Traders are advised to wait for clearer breakouts before taking positions.
What was the price range gold traded in after the breakout?
Gold traded in the 40-400 range after the breakout.
00:21
What target did the analyst expect for gold after breaking 4400?
The analyst expected gold to reach 4800 after breaking 4400.
00:49
What is the significance of the 4000-350 range in gold?
It acts as a neckline retest and solid support level for a potential head and shoulders pattern.
04:08
What support level is Nifty expected to test if it breaks down?
Nifty is expected to test 22500 support, and if broken, fall to 21800-22000.
07:37
What was the extent of Nifty's rally mentioned in the video?
Nifty rallied 500 points from 22500 to 23500.
08:32
Gold's 900-Point Range
Highlights the volatility and large price swings in gold, crucial for understanding market dynamics.
01:43Geopolitical Influence on Gold
Shows how geopolitical events and political tweets can manipulate market movements, a key insight for traders.
02:23Risk Management Advice
Emphasizes the importance of waiting for clear signals rather than trading in uncertain conditions.
03:29Head and Shoulders Pattern
Identifies a classic technical pattern that could signal a trend reversal, valuable for chart analysis.
04:08[00:07] now they are back to around 13,200. Now everyone's back down and go back up to 12,000? You look at the details of Gold's analysis. So if you look at gold now, it has
[00:21] come to the international market and is trading in the 40-400 range. Now, when we is trading in the 40-400 range. Now, when we Gold came to us at that time, formed a channel, and
[00:34] went to the baton . Here, Black Baton Farm was located and from the flat pattern as we expected. It broke 4400 and climbed up 200 points to 4600, which is what
[00:49] you look at what happened now, you should expect 4800 . But what happened in the middle is that there . But what happened in the middle is that there what can the market do at that point? It can't break. What resistance is that? You know, we were
[01:02] analyzing our daily chart before this. Before the two- we were looking at the place where the breakout will occur. So
[01:16] breaks, it will go back into this range. So what can we range. So what can we this resistance ca n't be broken, what happens to the market again? Do
[01:30] you know that now this range has come and the market has become a sideways market? Why did we have such a big range? We went
[01:43] from $5000 to $4100, which is 900 points. What happened? The market gave us a rally, then it turned around and went to $4600, and then it went to $500, which is almost a 50% retracement.
[01:57] gave us a recovery? What happened now is that it stalled for a while and went sideways in the market. This happens in all markets, so there's no need for the market to come every day and give you 500 points or 1000 points in a week.
[02:10] Now the market has gone into a sideways waiting period. Okay, sir, climbed up and turned around. Now you can say sideways, yes sideways, sideways.
[02:23] current scenario for this is that the market has officially entered a sideways note of this war with Iran, if you have seen the Iran war with the US, there is
[02:35] a lot of manipulation by Trump. If you watch some of the news now, . A large trade in oil was executed just 15 minutes before Trump's tweet just 15 minutes before Trump's tweet
[02:48] trading is going on . I will definitely post a detailed video about it. You
[03:02] gets 3000 likes, I will definitely upload that video. So, even if doing now, it's stable. Now, what did I say about this Trump? Did you see that Trump is a regular? If you saw this, he always gives a major news story on Saturdays and Sundays
[03:16] . Otherwise, they will take a position in advance. Cape Up Cape Town will be on Monday morning. Why can't I react? So, in this kind of situation, if I were a trader, I would avoid it a little and
[03:29] . I made a . Done. Until it's over, it's better to leave this week and think about what to do next week. It's better professionalism
[03:42] because in a situation like this, it's better to wait a little and I don't want to trade gold, invest, buy, sell, do anything. Let the sideways market break, let it
[03:55] break above 4600, or else we'll get a blow back and get sideways to 4400, 4300, this 300 After this range is broken, we . Even though it's not fully confirmed yet, I'm happy to share it with you
[04:08] . So it will be useful for you. pattern for you. The pattern formation is not yet complete. So, if the market retest this neckline again, around that 4000-350 range
[04:24] plus this 4000-300 range, which will act as a solid support level for us. So, if this breaks, the next level we can come to again is 4100. Do you know that the level that breaks and this sideways market are
[04:38] correct? Then form. We will know in the coming days. For now, . If this is a neckline break and a head and shoulders pattern validation,
[04:53] shoulders pattern validation, Right now, gold has officially entered a sideways market, but it's coming out a little bit at this time. It's better than all the retail traders are right, so
[05:06] before we look at the Nifty next, a small announcement. How I analyze it now may be the same for many people. Can I also learn and Absolutely everyone can learn and analyze this chart
[05:19] .
[05:33] So traders don't know the market,
[05:48] . So, even Malaysia. So, . Classes start every Friday in Bangalore. In Malaysia, we will
[06:03] announce our dates for physical classes only once a month or every two months . You can join at that time can't come to France, we also have online classes. Coming 31st is here and our next online batch, a new batch, is starting. So in case you
[06:17] our number and ask, they will give you all the details. will study from abroad. That's why we have two timings . We have one at 7:30 in the morning . Because if you watch it in the evening, all our people
[06:30] go to work and come in the evening to study for a little while. There are also morning batches where many people are offline, such as the 7:30 AM batch, when the timing schedule comes and sets the morning, it is convenient for their timing
[06:42] details. So coming 31 we have an online patch . Those who want to get started, please call and join So if you look at the Nifty now, the market has come and we have
[06:55] the market has come and we have saw Nifty last time. So Nifty has come into the proper channel and down from being a top hit on the channel . As I said before,
[07:07] you can get more Nifty than you normally get from this . I'll We'll have a little more clarity soon . So, it would be better to go and . So, it would be better to go and
[07:22] Now come to the market, mother, do you see
[07:37] candle at a time, but there is still no pressure to break. So what happened then? turning back down again. If it comes down, where will it come back? 22500 is the same level of support here again. If this breaks, we
[07:51] have already seen that it is our support level. It comes to 21,800 to 22,000. So this is what will come and act as a support level for the channel. So,
[08:05] . But this is all in Yusufran's war. If you look at the friend's rate, trade of almost 108 . As I speak, it is trading at around 108. So most likely, if
[08:18] suddenly what happened to you Nifty? Our gift of 50 1000 points has become a cap for you. So last time I said that Trump would halt for 5 days, what happened to the market? Our Correcta 25 rally
[08:32] from 22500 to 23500, up 500 points . So this rally is news Trump will post or say. So, the front
[08:47] you suddenly get news from there that the front is down after a sudden rise, front is down after a sudden rise, right now, Nifty is also within the channel. If it breaks once,
[09:01] we'll see what happens next. So if you come to the Nifty Abhishayali Insight channel, please . If the market breaks 21800 and closes at 23500, the next level is 23800, and if it continues from there, the
[09:23] your R1 and this will act as resistance 2. These are not all calls, I'm not saying this to take trades. I'm just telling you how the technology works for fun . If you are going to trade, consult your financial
[09:35] advisor and make your own informed decision. Don't take this as a how the market works. Similarly, as I said, if video gets 3000 likes, you
[09:51] was useful and thank you very much for caring
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