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Buy Gold On Dips With Strict SL Of 48600 (Weekly Closing Basis) For Target Of 56000
I am expecting the price to fall below 1850 by next week
As everyone is expecting gold to break alltime high $2075 before US presidential election, the chart says gold will slide & trade in the range of $1736-1802 (demand zone) before making any further move upside. Long term demand zone $1560-1682 Fibo extension supply zone @2158-2460-2685 Expecting gold not to break $2075 within 3 months of time frame.
Gold Respect to its Support Level Chances to go more High Ever.
Forming strong bottom @ 1900-1950
One could argue is that the period could be of distribution, but I think that gold is Bullish in the long term. As I have shared in previous chart, so this looks like another accumulation to me.
GOLD Gold has crossed the major psychological level which is 1600.00 And currently trading at 1620.00 level It has broke the triangle formation and reached the top side level of 1620.00 We can expect short term fall back towards 1606.00 level From this level suitable long position may open at 1606.00 Take profit will be 1628.00 Stop lose may...
Buy Gold (XAUUSD) above $1300 Ultra conservative traders can enter above $1317. Don't miss the "golden" opportunity of multi yr breakout! T1: $1355 T2: $1375 T3: $1415 T4: $1450 (for aggressive traders only) T5: $1500 (for Bappi Lahiri and Dubai Sheiks only) SL: $1274