Gold prices are currently at $1,965, a slight increase of $6 from yesterday. If the support level below $1,950 is broken, the precious metal may drop sharply to $1,880. Last month, gold dropped below $2,000 due to the relatively healthy economic sentiment that continues to support the Fed's positive monetary policy stance. However, in recent weeks, gold has held...
Gold price drops to retest its earlier low of $1,959 due to recent lack of catalysts and no statement from the Fed before the FOMC shutdown. The US big banks need to hold more capital to tackle the landing crisis, which is impacting the sentiment and Gold price. The rising geopolitical tensions between Russia and Ukraine and concerns about hostilities between...
Gold market rebounded strongly from the support level just above $1,950. August gold futures traded at $1,976, up 0.35% on the day. Gold saw new safe-haven demand when US service sector activity fell more than expected in May. Disappointing economic data may force the Fed to end interest rate hikes. The market sees over an 85% chance that the Fed will keep...
Follow up for Gold Short Trade : Gold if short on my view can trail SL to 2001 OR/AND can book partial profits
Gold if short on my view can trail SL to 2060 OR can book partial profits
With Bearish COT Reports AND Weekly momentum down - Gold can be a short between 2030 to 2050 with a stop- of 2091 and a target of 1830-1875. My only concern is positive Daily Momentum. So strictly Stoploss Please
BULLISH TREND higher chance can be excepted, after sideway market. if 100 moving average and Fibonacci level breaks, better stay away from BULL side.
Gold entering resistance zone PLUS COT reports Started Turning bearish, ALTHOUGH Just a bit. Read Commentary on Chart
gold is in a correction area when he break the correction pattern we can buy .. target the last high
COT Data for Gold is looking Weak. Upmove is on low volumes. Wait till it pauses and turn down. Commentary on Chart
Gold needs caution now. Commentary On Chart.p>Lease tighten your stops NOW.
All Levels mentioned on Chart your part is to manage risks wisely as you are responsible for your understandings
Logic A Clear sign of breakout towards retracement All Levels Mentioned On Chart How to trade the setup? When the chart says Long or Short at particular level, Put a Stop Order at those levels, Levels are strict T1 : is Target 1 T2 : is Target 2 When you achieve your first target, book profits of 50% and shift the stops to the cost The term Catastrophe...
gc 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
Gold 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...
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