Gold is in its fighting zone between 1832-1882. Not gold is running between Major trend line of selling (Long term) and another selling trend line (short term). Major trend line has been broken by gold and retest successfully but short term selling trend line was not broken by the Gold. However, it is very early to predict any move of gold but two things is in...
Gold is in between two major trend lines out of the which one is suggesting Sell Continuation continuation pattern and one is Buy continuation pattern. However, Gold has broken selling trend line but the same has been retest by the gold but it is under pressure because it is at 61.8% of Fibonacci retrenchment of selling trend. Buying trend line continuation...
See The Fibonacci golden level (61.8%) which is Giving respect to gold In down Trend. Further if gold does not respect Fibonacci golden level then see the trend line. This is the author's own opinion TRADING TIPS GOLD BUY 1732 TP 1736 TP 1742 SL@1828 LONGTERM TARGET IS DOWN SIDE AND FOR THE SAME CHART WILL BE PUBLISHED TODAY EVENING.
AS SEEN FROM THE CHART, GOLD HAS BEEN REJECTED MANY TIMES FROM ITS MAJOR REISITANCE 1828-1832. HENCE, GOLD IS LIKELY TO BE IN DOWNTREND. TRADING TIPS SELL GOLD 1818-1822 TP1 1812 TP2 1808 TP3 1803 TP4 1792 SL @ 1832 ‼️Follow proper risk management. ‼️Trade at your own risk. ‼️Always close half lot & move SL to entry point after TP1.
Hi, Now gold is ready to take a correction as gold is in overbought condition and also there is fierce resistance located at 1788-1792 and after that 1788-1802. chart study suggest gold is not in clear direction so far, however many indicators suggests gold down side move. weekly common doji's leg is still intact. However, today we can expect a correction as well...
GOLD IS AGAIN STUCK IN BETWEEN 1782(SUPPORT) -1808 (RESISTANCE) FOR CLEAR DIRECTION GOLD NEEDS TO BREAK ITS TREND LINE, IF GOLD BREAKS 1808-1812 AND THEN GOLD MAY TOUCH 1818, 1832, 1852 AND THEN 1874 IF GOLD BREAKS 1802-1898, THEN GOLD MAY TOUCH 1792, 1782, 1772 AND THEN 1752. IT WILL BE VERY MUCH INTERESTING TO SEE WHETHER GOLD IS BREAKING TREND LINE OR...
Chart Analysis- 15 Minute time frame- Hammer pattern from 1762 1 Hour time frame- Bullish engulfing pattern 4 Hour time frame- Hammer pattern weekly time frame- Bullish pattern which is well above previous week's common doji upper wick. and also gold is ready to close above previous week common doji Leg. which suggests the bullish pattern is already set to break...
MACD- IN FAVOUR 50-DMA- IN FAVOUR TREND REVERSAL- SEEMS AS IT IS FIGHTING BETWEEN 23.6 & 61.8 of Fibonacci Trend line- broken and test again and below the trend line Candle stick pattern- in favor all in the all the gold is ready to be fall and the falling may be up to major support 1678. (long terms gold analysis) Trending tips: Sell gold @ 1800 TP1 1795 TP2...
GOLD IS READY TO BREAK WEEKLY COMMON DOJI LOWER LEG ALONGWITH FIBONAACI LEVEL OF 61.8% . Then we will wait for Fibonacci next level if gold breaks the next level then gold may fall up to 1722, 1688 before taking any corrective pull back. I am fully short on gold ... Trading tips Sell gold @1770-1775 TP1 1762 TP2 1752 TP3 1728 TP4 1688 SL @ 1798 Always Close...