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
Gc1!!
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...
