Goldforecast
#Gold ( Good time to invest in Gold ) #Gold is showing same pattern as observed in 2005
ready for breakout for the target of $4000-4500-5000 in 4-6Year .
It's a good time to invest in gold .
Gold is expected to form its base above $1730 in july 2021 as its has also formed base in july 2005 so same is expected to happen this time also according to pattern on the chart .
Gold should not give monthly or bi-weekly closing below $1730 because this will violate the pattern running rn on the chart .
I goes below $1730 then gold may be dead heavy bloodbath can be seen tho this is not expected in the gold market till big event .
Keep $1730 as a important level and buy for heavy profits in coming future !
GOLD ranging...and UP AGAINAs I said last weeks since March 21..after 4 months in which all my analyzes about GOLD were almost perfect, GOLD arrived in the 1920 area as I predicted 4 months ago ... it rejected until the 1970 area as can be seen from my analysis last week and the climb to 1920 started again!
If he rejects again from that area ... I think there will be a massive descent on the GOLD until the area 1830 or even 1774
THIS WEEEK...even though I had many objections and many messages of disapproval ... as I said GOLD went down even below the 1774 area and now it is at the Fibonacci level 0.5 from where I expect it to reject and rise again towards 1836 and from there DOWN AGAIN to level 618!
however ... a closure even for 1 day below 1754 will make me think of SELL until 1688!
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GREAT ATTENTION:
*This information is not a Financial Advice.
GOLD Analysis.Hello Traders.
Hope all are doing well.
I have observed the potential wealth creator trade in gold.
I see a clear down trend for short time trade and we can enter the market in a pritty good risk to reward.
as per analysis Point 2 is considered as Stop loss & Point 3 as Target.
As you can see in the analysis.
If any questions please text me up.
Regards.
Time to Buy gold? Gold in Technical has been respecting trendline and resistance on weekly.
We should see a surge upwards if it sees a losing above the rectangle zone/trendline.
Gold is yet 20% from the ATH.
Global economics should give an early sign for gold price to go up
Disclaimer - Just my View and not an advice
#Gold
#XAU
#Bullion
Gold battle between buyers and sellersFor the past two trading weeks gold was trading within confined range and unable to break on either side 1795,1760 was acting as strong barrier.Kindly watch the break out/down for potential buy/sell Upper side target would be 1815 and on downside immediate target would be 1750.
GOLD Medium term ViewAs anticipated previously Spot gold failed to break is major resistance around 1750 -1760 and fallen sharply from there.
Gold prices are now likely to test 9th March 2021 Lowes which is $1676
On the daily chart currently gold prices are trading in a downward sloping channel. If 1676 dollar is breached a test of the test of channel lower level is possible approx $1649
Also this week closing will be imp as we are trading close to 61.8 fibonacci retracement level of $1688
#gold #commodity #mcx # one can long Gold as per their trade setup for swing trade if find reversal from these harmonic patterns PRZ.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
1670-1690 is a strong buy zoneWhy am I so confident of 1670-90 zone..,
the same zone gave support 5 times earlier and it is the 6th visit to same zone..,
It is the zone from where 400 dollar or 25 percent upside rally started..,
And it is the zone of inverted head and shoulder breakout,,
Expected Road map - 1680-1758 - 1698 - 1815- 1768 - 1868 (channel top)
Buy the dips and keep accumulating..,
Stop on closure below 1670.., Below 1670.., 1530-60 zone possible..,
GOLD "BIG GAINS"I dont know what to say, please see my all posts of gold, Gold sell call given at 52320 with sl of 52550 which was ascending channels high when i posted the chart previously, it made high of 52520 and touched the lower level of channel, infact it tried to make low around the level where the channel actually started, which was the final target of ascending channels breakdown. BOOM..