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Goldlong

XAUUSD - RANGEBOUNDDescription: The XAUUSD (gold) is moving between the price range of 1676.98 and the 1756.28. Both the flat-top resistance and the support base are seems to be stronger. Therefore the counter is expected to continue in the parallel channel. Trend trading is very difficult for this condition. Breakout of the parallel channel will determine the trend of the counter. Swing trading is more preferable for this condition. The Stop loss is mandatory for performing swing trading. The stochastic indicator levels will be very useful for swing trading. The major levels for this counter are R2 –1770.11 R1 –1756.83 PP –1744.03 S1 –1730.75 S2 –1717.95
OANDA:XAUUSDLong
by WohlstandMarketsLimited
GOLD - LONGDESCRIPTION: The price of the counter XAUUSD is maintaining above the support baseline at the price 1721.19. The baseline has been tested more than thrice. For the past couple of days the counter's price is moving near support baseline and there is no indication for a breakout. The bullish trend of the counter is expected to continue further. The buying mode of the market and the strong support base may boost the price even more upwards. Major Levels For The Counter Are: R2 - 1745.28 R1 - 1738.78 PP - 1730.18 S1 - 1723.68 S2 - 1715.80
OANDA:XAUUSDLong
by WohlstandMarketsLimited
GOLD(XAUUSD)-BULLISHDescription: After a continuous fall for the past 30 days, the counter XAUUSD’s price started moving upwards and form an ascending channel from 12th March. The formation of the ascending channel indicates the counter is in a strong bullish trend. The previous entry of the counter was at the bottom line of the channel at the price of 1698.87. The buying mood of the market may push the price upwards. The current trend of the counter is expected to continue further. The MACD indicator curves give additional support to the description. The major levels for this counter are R2 –1747.74 R1 –1739.33 PP –1732.70 S1 –1724.18 S2 –1717.66
OANDA:XAUUSDLong
by WohlstandMarketsLimited
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
XAUUSD - LONGDescription: The counter XAUUSD was in the resistance trend line from 01st February. The support trend line has been tested twice at the prices 1869.76 and 1874.62. Today the counter breaks the trend line at the price of 1841.90 and it is expected to move upwards. Therefore long is more preferable for this counter and the bullish trend is expected to continue further. The upward movement of the MACD indicator gives additional support to the description. The major levels for this counter are R2 –1858.28 R1 –1848.22 PP –1838.52 S1 –1828.46 S2 –1818.76
OANDA:XAUUSDLong
by WohlstandMarketsLimited