Get started

Goldforecast

Gold at 2600?From 1150 level back in August 2018, Gold rallied up to 2075 highs in August 2020. After that peak it corrected to 1860 in March 2021. 1860 became the short term bottom for the price as price found support there twice in March. Later in August and September price found support twice in the 1730 zone as marked on the chart. The bullish flag pattern would remain valid if the depth of the flag retracement holds above the 50% level, above 1600. It seems that price has closed above the down trending line on the weekly chart. _______________________________________________________________________________________________________________________________ Price action in the daily timeframe could again pullback in the flag area and consolidate further before moving ahead and breaking out. This is not a short term trading but an investment idea, the target projected from the mid of the flag would be close to 2600 and should be achieved within 2 years from the point of a successful breakout. One could accumulate slowly at current levels. _______________________________________________________________________________________________________________________________ Like and follow for more. :)
TVC:GOLDLong
by Tradeception_
#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 !
GLong
by palkeshjain06
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! NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
FOREXCOM:XAUUSD
by BloomFX_SIGNALS
4
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
TVC:GOLDShort
by rahulgupta1509
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..,
TVC:GOLDLong
by Dr_Revath_vyas_Devulapalli
7