Gold traded in a tight range yesterday. The overall daily movement was pretty much like the day before - pulling back before the day's end.; the price climbed to the day-high 1660 in the early session and retraced back to the opening price of 1650 before the day's end. The S-T trend is still controlled by the S-T downtrend resistance (1.1) that was mentioned...
Gold had pullback before the day's end yesterday. The market opened at 1642 back from the weekend. The price has kept moving higher in the Asian and European sessions. It hit the day-high 1668 at the US session opening, then the price retraced. The day ended at 1650, up by USD8 after all. The downtrend on the 1-hour chart slowed down yesterday after the...
Personally, I see scenario 1 as more likely due to the downtrend With the decrease of the price slope and the decrease in the speed of the fall, we can imagine the horizontal movement of the price in these areas.
gold got rejected from crucial zone of resistance at 51200 levels now bearish trend on the charts for the levels of 49300 and 48,800 levels now lets wait an d watch and buy cheap gold on this Diwali
Carried the selling momentum from last Fri., gold sank further yesterday. The market opened at 1694 back from the weekend. After the price briefly touched 1700 during the opening hours, the bearish run began. It cleared the 1680 support in the US opening session and landed at the day-low near 1665. The day ended at 1668, down by USD 25. Selling resumed after...
Gold touched a new 1-week low yesterday. The day began at 1667, and the price was traded between 1660-71 throughout the Asian & European sessions. A rapid jump to the day-high 1684 occurred at the US session, but the price got pull-back led to the day ending at 1665, down by USD 2. The S-T selling trend originated from 1710 has ended yesterday after the price...
GOLD Buy Trade Opportunity Gold currently moving downside Here is the Major Support area as we mark on the chart We are accepting that market will be reversed for this point if the market makes a strong Bullish candle so it will be a good point for buying Always use Stop Loss
Gold target of 1560 only if we broke 1680 levels in the coming days and it sustains for one/two day. This is as per technical analysis on my views.
Gold renewed the 3-weeks high yesterday. Carried the buying momentum from the day before, a new round of buying was triggered after the price cleared the resistance at 1700 early in the Asian session. The bullish trend continued until it touched the day-high near 1729 late in the US session. The day ended at 1725, up by USD 25. After all the interventions and...
Gold rebounded from the new 2-year low. The price has been consolidating during the Asian and European sessions after the market opened at 1628 yesterday. Once the news from BOE hit the market, the surge began. At the US session opening, buying came into the market and cleared the resistance at the trendline(1). The price jumped to the day-high at 1662, with...
Gold tested a new 2-year low yesterday. Back from the weekend, gold has dropped to the early low near 1626 in the Asian session. However, the price has quickly rebounded. At the European session, it already reached the day-high at near 1649. Selling resumed in the late US session, where the day ended near the day-low at 1622. The overall trend in the...
GOLD Sell Trade Opportunity GOLD is currently, a bearish trend last week was good movement this week expecting movement on the range and currently it's trying to retest Resistance Area this is a perfect point for a sell trade. "Always trade with Stop Loss"
EDUCATION PURPOSE Here i have analysed abt my view on gold. Just learning and making notes of statergies.
Gold bounced but failed to break out from the range. The day began at 1664 yesterday. The price was bounded by a tight 1660-65 range early in the Asian session. It reached the early peak of 1677 at the EU session after Putin's speech. At the US Fed. The announcement, gold has rebounded quickly from the 1653 day-low to the weekly high of 1688. The day...
Gold was steady yesterday near the 2-years low yesterday. The market opens at 1657 back from the weekend. The price was rejected by the key resistance 1680 early in the Asian session, and the price kept moving lower toward the day-low near 1659 until the US session turned active. The day ended up closing at 1675, unchanged from the trading day before. The...
Awaited Fed. rate decision, gold prices remained stable yesterday. The day began at 1675, where the price overall was trending downward throughout the early Asian and European sessions. It cleared the S-T trendline(1) at the US session and traveled all the way to 1660, the daily low from the day before. The day ended at 1664, down by USD 19. 1660-80(2) can be...
Double top breakout in #xauusd. I think will get confirmed after this weeks #FOMC whether is a false one or not. If confirmed, minimum target = 1450/1400$ Technically, dollar index #dxy looking bullish in longer time frame so quite possible of the #gold targets given above. Only time will tell. #fingerscrossed. Happy Trading.
gold to sell when he break down, and if you want you can also sell from retest level.