Gold may rise because , It has broken the resistance and even the trendline , It looks very strong to buy . Entry : 1929 Target : 1973/1991/2012 Stop loss : 1912
Long ago a surge in GOLD price rally stopped in the year 2011 & the point has been designated as a primary wave-5 by all the elliottician. From that level we have seen a correction upto the level of 1045 $. A nice corrective move.Right from that level GOLD price raised up & currently trading in a all time new highs range. But this rally from the lows 1045$ is...
Last week , it ends up with the sideways movement , and it passed up over resistance line, If that resistance line turn into support .. then the Gold going to see the new high during this week. Analysis made based on pure price action.. not fundamentals
Gold has been in major uptrend, there is strong support at 1492 zone, Now Gold will be buy on dips upto 1492. Keep stop at 1430.
complete loss of demand after upthrust, this was essentially a redistribution and currently in markdown will retest broken down levels before resuming downtrend.. also watchout for a upthrust to 2.6070 test and then accelerate breakdown..
As per the previous updates on the blog & other social media that Gold will soon HIT $1285. Today trading at $1285, So further in this week. If closes below $1275 Then the further move will towards $1257 & $1244. So, For Bears Today is a Good day to book there shorts with $60 points & sit relax for a new entry. For Bulls they can put the stop loss of closing...
So as per my previous posts gold hit $1294 So now we are waiting for $1285. Further will update. Utsav Babbar