Trading suggestion:
. There is a possibility of temporary retracement to suggested Resistance line (2036) or also on uptrend breakup. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XAUUSD is in a range bound and the beginning of down trend is expected.
. The price is above the 21-Day...
Gold has corrected well from the recent highs and if it sustains above 54850 levels then take the trade with the following targets
T1 - 54997
T2 - 55143
T3 - 55299
with SL - 54690
According to this chart, gold is reversing downward after making an all-time new high of 56191 . Its support level is 53800 . You can take this level as a hurdle too. We may see a correction up to this after the breakdown of DR.
This dynamic resistance will initiate buying pressure for a short period. We have chances to see 55600 (T1) to 56000+ (T2)...
Midterm forecast:
1939.45 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A peak is formed in daily chart at 1818.00 on 07/07/2020, so more losses to support(s) 2000.00, 1970.20 and minimum to Major Support (1939.45) is...
Price is falling as expected, I hope this is not initiated mov e. If this is an initiated move, then we will see respoinsive move or result to up side move.
Gold can see 3000 in 2-3 years and 10000 in 10 years if goes bullish from here.
Can dip to 1400 in 12-15 months and then start moving towards 3000 as a cup n handle completion
Based on the above chart, GLD must retrace its path back to its support line.
Currently, GOLD is holding out well with respect to all the commodities. Remember during the 2008 slowdown, Gold fell too. The full force of the slowdown has not been experienced so far.
I am anticipating large fall in Gold price.
Gold primarily driven by the underlying demand from...
Strong buying in GOLD since the last 24 hours. Go Long until target $2050.
Sentiment broken at $2000 for GOLD. This brings us to GOLD at a all time high.
Global economy looks bleak. Hedge away!
Hi traders,
Hope you all trading well in the unstoppable bulls in XAUUSD,
As the trade quote say, 'Go with the trend' this week also looks like bullish trend continues, more than technical this pair operates strongly with fundamentals, A weaker USD moves the Gold higher and higher, Dollar index also expected with some support, hope it respects,
According to...
This Will Signal A Massive Gold Rally
After a short reversal, gold will start marching for 49060 – 49200 . Don’t mess with gold below support trendline.
Can we expect a key level as a target? Yes, and I will update it into the next newsletter.
