Gold "Double Bottom" ?This is an add on analysis of my previous one on Gold, buying recommended at 50580, Gold has now made a strong base around 50500 level, if 50500 breaks with volume than only it will fall else m expecting a good upside move..
Goldlong
GOLD may rise make profitsGold may rise because ,
It has broken the resistance and even the trendline ,
It looks very strong to buy .
Entry : 1929
Target : 1973/1991/2012
Stop loss : 1912
Gold Respect to its Support Level Chances to go more High Gold Respect to its Support Level Chances to go more High Ever.
AS PER THE PATTERN, GO LONGMarked the trading range, buy in the area support, Long when breaks the range.
Accumulation Zone - GOLD BULLISH - REJECTION LINE FORMEDTo update from the last week's rejection line, it broke upside and returned back to the accumulation zone.
This week could very well see a uptrend with global markets taking a hit on thursday and friday.
GOLD (XAUUSD) UPDATED CHARTBUILDUP WAS VERY STRONG FORMING A TRIANGLE PATTERN...
WAIT FOR THE BREAKOUT ...
LONG ON GOLDGOLD CLOSED ABOVE THE RESISTANCE AND WE CAN SEE THE LAST CANDLE REJECTING THE SUPPORT . WE COULD TAKE A LONG POSITION HERE TO THE NEXT RESISTANCE LEVEL(2010)...
WHAT DO YOU THINK GUYS?
Rejection line formed in GOLD - Bullish beyond breakoutGold prices can rally beyond breaking the rejection zone. It is still in the accumulation zone as per my previous post on the gold chart,
We have see two false breakouts happend in the last two weeks beyond and below our accumulation zone.
Bear zone is also indicated. If price falls to that zone, bears take control.
GOLD MCX ANALYSISGold MCX has strong Channel Line Support As marked on the above chart and we can see buying resuming in the GOLD MCX, With the Stoploss of 50400 one should Go Long for the Targets of 52000 and 54000 on the upside. Once GOLD MCX Closes above 52500 it May Again Resume its bullish momentum.
Accumuate GOLD at $1940 to $1960 rangeGold has fallen from it's recent high of $2050.
Correction between $1940-$2000 range expected in the next couple of days. Accumulate depending on the market news regarding US Jobs, COVID Vaccine, US Election news & Trump.
First Support at $1960 and second Strong support at $1940 .
GOLD1! Short TermGold has corrected well from the recent highs and if it sustains above 54850 levels then take the trade with the following targets
T1 - 54997
T2 - 55143
T3 - 55299
with SL - 54690
GOLD LONG $2050 and beyondStrong buying in GOLD since the last 24 hours. Go Long until target $2050.
Sentiment broken at $2000 for GOLD. This brings us to GOLD at a all time high.
Global economy looks bleak. Hedge away!
Long Term BULLISH GOLD GOLD has broken 2000$ barrier. GOLD IS on BULL RUN.
Gold demand is increasing as a safe bet to ride out the pandemic.
Is a correction in Gold imminent?Looks like we are in the 5th wave according to the Elliot wave theory and moreover there is a negative RSI divergence as well. Indicating weakness in the momentum!
Bullish XAUUSD, Weekly analysis, July 27-31Hi traders,
Hope you all trading well in the unstoppable bulls in XAUUSD,
As the trade quote say, 'Go with the trend' this week also looks like bullish trend continues, more than technical this pair operates strongly with fundamentals, A weaker USD moves the Gold higher and higher, Dollar index also expected with some support, hope it respects,
According to XAUUSD price action analysis, this week i present the analysis with Weekly chart,
Analysis also done with Monthly chart, A strong resistance line passing through in the price of 1936 right from 2011 . perhaps if it get breaks price action indicates 1972 would be the bulls will get tired.. let see.
However Gold is going to see its new high price this week..
If anybody request , i can share the Monthly analysis chart ..
Note - Price action analysis done is only for education purpose, not the final result of how price moves..
Thank you
All that glitters is pure Gold!Gold gives a fresh breakout
CMP 1762
Target 1810, 1860, 1890
Stoploss 1734 dclbs
Timeframe 30 trading sessions
Ultra cheap Gold buying opportunity as we can see the gold is totally overbought right now,
as the stock market crash gold will also crash with it in a short term into 1300 usd
and then the next bull run will start that will lead 3200 top
as per my research.
its a nice idea to have some gold in your portfolio in this pandemic
Gold - Go longGold has broken it channel and gave close above channel. Its seem bullish. This week trend is strong bull.
