NeeteshJain
Short

GOLD Breaking out Descending Triangle

FX:XAUUSD   Gold Spot / U.S. Dollar
295 6 5
It is been observed that the price action was ranging in a symmetrical triangle for a while. Now, the price action finally breaks out from the triangle, indicating strong selling pressure. The price shall now further move down as measured to the height of triangle. Short after a pullback to previous support of the triangle as marked.

Trade active: Book Partial Profits at current price levels of 1270 and look for a pullback to short again. Regards
Trade closed: target reached: Gold reached the targets successfully, book profits friends. Regards
Hello Nitish,

i don't who are you but i like your good attitude to helping the people.i am slowly understanding the charts because of you.I sincerely Thank you So Much
+1 Reply
NeeteshJain bhaskarpenny
@Bhaskarpenny Sir, I appreciate your kind words. If you wish to learn more about charts, I would encourage you to look at my educational posts links given below




That shall help you to create foundation for your analysis.
+1 Reply
how can we trade XAUUSD from india.i am new to commodity please suggest me.
Reply
NeeteshJain bhaskarpenny
@Bhaskarpenny Sir, kindly ask your brokerage house, they must be having different lots size to trade in gold. For instance https://zerodha.com/margin-calculator/Commodity/
Reply
You Know -Gold Kya Hoga 1250 Hoga phir 1200$ - Vow Man-Nice Chart.Let us enjoy the trend.
+1 Reply
NeeteshJain AbhishekHSinghCMT
1250 is expected to achieve and if it breaks 1250 then we may see 1200 too. I appreciate your feedback Bro. Regards.
Reply
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out