Gold-trading

Historic Turning Point: Gold Takes New High Gold has continued to rally, hitting new highs on the back of the Fed’s rate cut, which has weakened the US dollar and lowered bond yields. Gold is currently trading at $2,625.00, up slightly by 0.14%. Markets are expecting another rate cut by the Fed later this year, which continues to support gold prices. Technically, gold is currently above both the 34-EMA and 89-EMA, indicating a clear bullish bias. Traders should keep an eye on the next resistance level at $2,630. A successful break above

by Alexander_FXTrading

XAUUSD is looking for DOWN.Gold is seeking for Big Players to short and to trap buyers from here. Retailers are trying to push gold above 1980 and even above 2000 but they(MM) have some other plans. Retailers did not come out from the mindset of buying, but there is still a chance for buyers if war escalates. Fundamentally and Technically gold is down. Stay updated!!

GOLD: ASCENDING TRIANGLE PATTERN MCX:GOLD1! Gold Ascending Triangle pattern Analysis marked on chart. Trade with stoploss to avoid stoploss. Keep learning, Happy earning.

by SANJAYPATIDAR_

GOLD FUTURES GOLD is continuously selling and rejected again and again from the trendline and levels 1700 and 1600, making it rangebound any side of the above levels can lead to a good target. the lower side is going to be the target up to 1620. the upper side is gonna be 1720 to 1740 and so on....

Breakout in #GOLD Futures #Gold Futures, 1D CMP : Rs. 47248 Analysis : Gave a nice pattern breakout & retest towards 20/50 EMA, after bounce the resistance can be face near Rs.48350 zone, if sustain above this level then Rs.50,000 level can be seen (+5%) from CMP #NoTradingAdvice, it's just my analysis & view

by realashishdave

My analysis on GOLD Gold has broke its trend channel and successfully retested it. As per the observations if any chart broke its trend channel it provides an equal target which has been consolidated. So we can see a target around 50,000 in coming weeks.

Technical Analysis: Bullish flag on weekly chart favors gold buy Although gold prices paid a little heed to the Brexit deal announcement and the US stimulus news, bullish flag formation on the weekly play as well as the metal’s sustained trading above 50-SMA keeps the buyers hopeful. That said, the latest consolidation of a bull-run from August 2018 needs to stay beyond the pattern support near $1738. Though, a pullback to the 50-SMA level of $1780 can entertain short-term sellers. Also acting as the strong support are upward sloping trend line from May 2019

by MTradingGlobal

Gold’s weekly outlook: May 13-17 Gold continued to consolidate in $15 range but this time the expansion was on the upside unlike the previous weeks, finally closing with gains of $7. The uptrend was halted as the price action created a double top formation directly inverse to previous week’s double bottom formation which continue to suggest the trend still remains bearish in-spite of favorable fundamentals which failed to keep the price at higher levels. On the chart – Gold remained rangebound unable to break through the flag

Gold’s weekly outlook: May 06-10 Gold continued to trade in the defined range similar to the previous week ending with cuts of more than $6. The week saw gold getting battered towards the low again as the Fed’s policy outcome was dovish for the dollar. The week again has important fundamental news majorly the U.S – China trade talks which is presumed to be at the last level of round of talks. Gold failed to create a new high even after having a positive opening rather it closed below the support again allowing the bearish trend

Gold’s weekly outlook: April 29 – May 03 Gold made a new low before settling near the highs for the week. Again it was a $20-$22 ranged week where gold posted gains of $13 which can be considered as a retracement from the lows as prevailing situations did not alter much to enable a shift in the trend. The week has important fundamental events with the spotlight on Fed’s interest rate decision which will generate lot of volatility with large moves expected on either side. Still the trend remains in the favor of bears till a breakout hap