nikhilgautam7000

Gold Analysis in detail IS IT A BUY?

Long
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Hey guys, it's been some time since gold been falling and it's now touched the lower level of the bullish flag and we have seen the jump to the upside from the 1680 region which has been very strong support in the past so this was expected and we even took a long position.

So, what should we look at in gold for now??

If we see the weekly chart we have a clear impulse to the downside from the past many weeks continuously. However this week gold showed some bull strength and we want to see a retracement to the 1780 levels (Approx.) Also, we can confirm the upside move to the 1780's now due to the daily H&S formed. We now want to see a move to the upside to 1780 at least before any fresh selling pressure.

So, if you are looking for an opportunity this is it to long gold for 1780 as a target.

However, if you want any further assistance and account management YOU CAN MESSAGE ME. I will be very happy to help and follow me for more ideas :)
Comment: Closing half of the position here :)

Comments

Last 1780 usd after down side?
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@Roopesh72, Yes we need at least 1780 ( because COT Data shows gold's weakness as longs are getting closed week after week. But after an impulse, we need to see a correction. For any further assistance or account management telegram me - @ng_fx
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Roopesh72 nikhilgautam7000
@nikhilgautam7000, 1500 usd is possible short time fream??
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