Gold is technically long above 2530.
Wait for a fall till 2560 and if it retraces and forms a green candle in 4hr time frame then buy above the high of the Candle
Sell below the low of the day candle close below 2530
Movement is based on FED's interest rate decision. My view is that FED may cut 0.50 basis point since the American economy is on the edge of...
GOLD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline...
Gold screaming Buy Buy Buy
From 26th July'24
Time to buy the Dip in Gold Due to Slash in Custom Duty by the Government.
Buy on Dips strategy is good to go for Long term Investing This is the right time for Gold lovers to invest as Daily Timeframe Charts suggest the Fall in Gold prices are Done.
The bottom is made to be precise.
Buy Signal also generated on Silver too.
Trend analysis
Current week trend has less volumed when compare to last week.
Looks golds is in range bound between 2380 to 2280 per trend analysis pattern.
Three drive pattern gives short look below 2,270.
Please do your Own analysis before trading.
I just share my view.
This recent up move is just a pullback
which did not retested out ob
it is heading back to retracement area of 0.7 and 0.5 lvl
but for short time gold is like to hover within 0.5 - 0.7 level (59665 - 59385)
and there after there is resistance above at 60150
cant fit in with good risk to reward for investing or value buying
better to avoid fomo
59970 and...
