gold future (gc) near the channel supportgc will be weak if breaks down the channel support 1788-87
and will have strength above 1795-1800
so wait patiently for either levels to break for clear direction
Gc1!!
Gann Roadmap for Gold. Showing Strength on ChartGold is being traded around its support levels and consolidating. Its ready to resume its uptrend soon and may start trading upwards.
Buy Gold strictly above 48170 with SL 47975. Targets open as per your apatite.
4 Digit Gann's roadmap for Gold for swing trading is:
4796(0) 4831(0) 4866(0) 4901(0) 4936(0) 4971(0) 5006(0) 5041(0)
5 Digit Gann's roadmap for Gold for swing trading is:
47961 48072 48182 48292 48402
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.
Short Gold !!! 😯😨As we can see a falling volume and prices are going up, which indicate a weakness.
So lets go short On Gold , Gold will have a correction upto 16%.
We also see a SZ nearby.
Entry 1937
SL 1966
T 1612
Gold - Stretched and ExtendedExpect a Healthy Retarcement in Gold,
ONLY WHEN Daily momentum turns Bearish
Gold to Fall AgainI am expecting Gold to continue falling after the steep correction.
However expect a bounce OR reversal from T-2 Zone
GoldCommercials are Bullish but still no sign of Buying.
i will Keep a watch on 1100 Level and see if buying interest generates around that level.
Gold - Conflicting SignalsBullish COT. Diverging but still Weak Momentum trying to turn positive.
The green technical area barely trying to hold itself.
SILVER (posted) looking much stronger.
Huge selling behind the present down move.
With these conflicting, confusing and diverging signals, perhaps Silver will provide a much clearer future direction for precious Metals Complex.
If interested in trading Gold, keep a closer watch on silver as to their clearer direction
Gold Long Or Short ???The Critical Price Zone support holding till now.
But the price action is not very encouraging for LONGS.
Start thinking about going LONG Gold, only when it trades above 1200 Level DECISIVELY.
BUT IN THAT CASE DO WITH VERY STRICT STOP LOSS as there is still very large selling in the background.
Gold at Crucial LevelWith Positive Divergences and Buying by Commercials (Last weeks data, this weeks awaited), I am Expecting the Current Price Area to Hold and Arrest The Downtrend. If that happens, I had Given The Upward Projection Target.
But if the current zone does not hold and give up, i have given the further Support Areas (H&S targets).
But that will invalidate the upward Target for the time being.
Looking at the Indicators, the Present Zone Should Hold.
Lets Watch Closely...
