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Goldlong

Channel or trend lines, working well for Gold.Gold which was trading at the lower support zone of a long term channel, has closed at nine days high. After this consolidation, it may trade at higher levels in coming days. Momentum is also looking strong, indicating a upward price moment. Beyond technical analysis, the fed rate cut and mixed commentary thereafter can be termed as supportive to a price rise only, the revised tensions between US n China, disputes with Iran, tensions in UAE, ECB rate cut, China slowdown etc. are all the factors that may push the prices of yellow metal higher after the recent consolidation.
TVC:GOLDEducation
by ipuneet
Gold | Triangle pattern Triangle pattern observed in Gold. Pattern looks to be valid and the target comes at 1477. 1438 and 1382 are the trend defining levels and so conservatively, longs can be initiate beyond 1438. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
TVC:GOLDLong
by AkhilSuryaFS