Gold's Golden Rule Of 89% Golden history of last 50 years have shown that Gold has give big move whenever there is a minimum 89% move from bottom. Chart is self explanatory. There are three successful incident of min 89% move and two unsuccessful incident of less than 89% move. Successful Incidents 1. 1970 - 1972 2. 1976 - 1978 3. 1999 - 2005 Unsuccessful...
The analysis i posted 2 days ago have been correct! The target was received few hours ago. Follow for more! ALL THE BEST!
EURUSD is giving a declined flag pattern Breakout + confirmation + retest will give new target & trend Trading not recommended comment your views thanks
All things explained in the chart. Please refer.
Gold which was trading at the lower support zone of a long term channel, has closed at nine days high. After this consolidation, it may trade at higher levels in coming days. Momentum is also looking strong, indicating a upward price moment. Beyond technical analysis, the fed rate cut and mixed commentary thereafter can be termed as supportive to a price rise...
This chart will help understand the relevance of trend lines and parallel lines in understanding and trading trends of any trade-able instrument. As per this channel the lower range for Gold is 1485-1490, if it is taken - the gold prices will fall like nine pins. Let us see how it works in next few days.
Gold priced have been moving in a broa channel for quite some time. 1485-1490 is a rock solid support as one can see in the chart, if broken - it will fall like nine pins.