Description:
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...
1. Gold took support from key support level.
2. Formed tweezer bottom.
3. Also taking .382% fibonacci support.
Buy Gold With Strict SL Of 1670$, Closing Price 1726$
one can long Gold as per their trade setup for swing trade if find reversal from these harmonic patterns PRZ.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
Why 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...
GOLD: should maintain the level of 1600 & regain the level of 1750 . Losing 1600 will raise concern & the prices may continue falling. However the internal structure suggests that it should give a push on upside. Buy only Above 1750 closing basis with SL of 1600.
long on reversal only.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
HELLO FRIENDS,
HERE IS GOLD TRADE SET UP AS PER HARMONIC PATTERN GOLD BUY NEAR 46500 TO 47000 LEVEL WITH SL OF 46985 FOR THE TGT OF 50,000/-
HAPPY TRADING FRIENDS
Description:
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...
As we can see a falling volume and prices are going up, which indicate a weakness.
So lets go short On Gold , Gold will have a correction upto 16%.
We also see a SZ nearby.
Entry 1937
SL 1966
T 1612
Gold took support from Daily 200 Day Moving Average
BUY GOLD ABOVE 48700, Day Closing Above This Level Will Make View Solid, Strict SL - 47500 (DCB), Target - 50300/51000
