lakshmikanthakula

lakshmikanthakula Updated 

Good Morning Everyone, Here is sharing today's setup for GOLD, and it's purely based on the technical trade.

lakshmikanthakula

1. Weekly RSI Expecting to Touch 84.26 2. First POI for Sell on Weekly and monthly trendline resistant Area 2452 3. Second POI for Sell on Weekly and Monthly Trendline Resistant are 2476 & 2500

lakshmikanthakula Updated 

This trade purely based on the Forecast of CPI , which is inflationary, worldwide consumer, food prices are reaching high, which is impacting on gold, retails sales drastically fall down. If CPI results get negative then forecast. Gold take off from current prices and sour 2000 price again till next interest rate hikes. Let see

lakshmikanthakula Updated 

Dear All, Hope you all doing great, hereby sharing new setup idea purely based on the technical price actions. Confirmation. 1. Monthly Stong Bearish Trendline. 2. Strong consolidation area, price rejection are minimum of 50 pips. 3. 4 Hours Bullish trendline resistance. Let's see how technical take the lead.

lakshmikanthakula Updated 

Dear All, This trade entirely based on the today's Technicals 1 hour Trendline support & based on the forecast expecting negative data for the Dollar. Flash Manufacturing PMI Flash Services PMI Happy Trading..!! Thanking you, Lakshmikanth A

lakshmikanthakula Updated 

XAUUSD Expecting Movement Based on July 15 Jobloss claims and Today, .S. NY Empire State Manufacturing Index expecting Negative for DXY. Let see, If today news NY Empire State Manufacturing Index favor for DXY then we may se gold drop to 1924, if Negative for DXY, we can see 1978.

lakshmikanthakula Updated 

This Trade i have placed based on the Weekly Bullish Trendline & also the Weekly and daily Strong Support Level. Long Pending order placed : 8.47 AM IST

lakshmikanthakula

Based on the Retail sales & Core retail sales data favor gold rise. I am on buy.

lakshmikanthakula

Based on the Upcoming Events Inflation Rate and recent NFP Data here is the Forecast overview on GOLD. Happy Trading.. !! Don't jump the trades unless strong confirmations...!!

lakshmikanthakula

Core PCE Price Index Data Favor to Gold, bad for DXY. I going with Buy. And Daily Bais also Buy.

lakshmikanthakula Updated 

U.S. CB Consumer Confidence number are bearish for GOLD . Still, i am on SELL bias because of Fundamental scenerio. Testing again with Small Lot Size. Ealier Trade booked 50% at 50 Pips..

lakshmikanthakula Updated 

U.S. CB Consumer Confidence number are bearish for GOLD. for USD its bullish Hence i am taking a SHort

lakshmikanthakula Updated 

As we have noticed that, only 25 Basis points Incresed, by secure banks. The Next hike rate will be 50 to 75 BPS. Till that we can ease the market. Let Mostly sideways till April 3rd. Happy trading. Buy the FED sell the News Scenerio.

lakshmikanthakula Updated 

Core Durable Goods Orders Favor gold to bullish. Monday will do fresh analysis.

lakshmikanthakula Updated 

Gold is consolidating..! I am sell with Tight SL. Its a fakeout when US session open. Lets see. Setiment or Fundamentals.

lakshmikanthakula Updated 

Almost data Is vary about the 30% Higher then expected and addon the powell speech about higher interest hikes. Lets see.. Small lot Wider SL.

lakshmikanthakula Updated 

Retracement Scalp Trade..! 50 Pips Target, martket bias is till buy..!! Before NY Small Scalp Trade...!!

lakshmikanthakula Updated 

CB Consumer Confidence (Feb) Results completely favor for GOLD, Taking Buy with small lot and wider Stop loss for testing. And i have another confirmation broken the trendline. Let see.