REASON FOR GOLD BUY CALLOANDA:XAUUSD
1) MULTIPLE TIMES RETESTED AND REVERSED THE TRENDLINE OF 4 HOUR TIME FRAME
2)TRIANGLE FORMATION AND TRADING AT TRIANGLE BOTTOM
3) REVERSAL CANDLE STICK CONFIRMATION
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Resistance in 1275-185 - Look for pull back zone 1250-1255 $ Range
Once 1250-1255 $ Range Holds then look for Buying opportunity for 1275-1285 $ Range back
Moving above 1285 $ mark & holding above 1285 -look for upside target 1300 $
Moving above & holding above 1300 $ mark -look for 1350-1375 $ target range which...
Silver spot near breaking of resistance 14.80 can rise till 14.90 and above 15 also possible .
After long time consolidation takes place in silver and now it signaling breakout and taking support around 14.40
Uranium prices seems to have contracted and could soon provide a good and strong break out. The possibility of an upside break seems higher.
However, one must remember how this commodity has disappointed investors on several occasions in the past.
Reverse head and shoulder and price past neckline resistance.
Series of HHs and HLs confirms price in the process of a promising uptrend.
Copper has completed abc correction that began in early 2016. It is also at the top of a LT channel. Copper seems to have started a corrective (possibly impulsive) move from 2.8 highs; this should take it to a target of 2.49 in the short term(also a strong support zone)