As per the previous updates on the blog & other social media that Gold will soon HIT $1285. Today trading at $1285, So further in this week. If closes below $1275 Then the further move will towards $1257 & $1244. So, For Bears Today is a Good day to book there shorts with $60 points & sit relax for a new entry. For Bulls they can put the stop loss of closing...
Gold Update:
Hello Everyone,
Gold is moving in the range as defined in the previous posts which you can see on my blog marketfightersequity.blogspot.in . So the bulls & bears all are silent now because of the monthly closing is on the way.
If you are holding shorts then keep same stop loss of closing above $1372. For Bears, day closing below $1322 will be a...
Gold Spot broke major resistance of $1300 and now retracing its gain. This could be buying opportunity at lower levels with support of $1290-$1288.
With Higher price Target of $1318.
Hello Traders & Investors,!!
Here i m Sharing my #GOLD #Xaususd Prediction about
Long Gold for Investment view and short Term to Mid term Trading Idea
Gold Break all resistance today and Trading now $1298
Holding Major Support Constantly $1275
Now we Can Enter long If close above $1300
Then 1st Target will be $1345---$1368
once close above $1368 we can reach...
As per chart Gold retraces gains and consolidate around $1235-$1238.
It can Rise till $1244-$1246 with entry around $1239-$1239.5
If it trades above $1240 can gain momentum on upside.
Gold seems to be forming sequence of bullish pattern.. First it flagged from bottom of 1160 then it showing cup and handle and resistance seems to be around 1246 ... and critical support for recent reverse heads and should is 1215.. which can be used stop loss.. and try to buy near 1224 .to 1226.. on break above 1246.. on daily closing can reach 1260 flag target ...
Gold looks ripe for a breakout of the asscending triangle. Will be entering on the breakout.
Pattern Targets around 1322.5-1323 levels, but I would be closing off the trade at around 1315 levels which is a strong horizontal resistance. The pattern targets can be considered as 2nd profit taking levels by moving stops to cost.
Gold if holding 1345 levels, then can see 1360/-++ levels in near terms, Risk Reward Ratio will be in favor, keeping stop loss below 1345 for upside target.
in.tradingview.com
In short our additional full net short size in both of our precious metals is well justified from the reward and risk perspective at the time of writing this article/idea
In our previous post we already mentioned many times that friday's session can be volatile and very tricky to predict...
we are adding position size to our existing net short portfolio and at the time of writing this ariticle/idea our full short position in gold and silver is well justified from the measurement of risk and reward,
The usd index end up moving higher yesterday and the price of gold fell a little bit,this should be seen as sign of strength but mining stocks are...
Gold (XAUUSD) trade setup is emerging at the moment. Let us give it some more time to make a clear formation.
Watch this space for upcoming trade setup
Gold (XAUUSD) trade setup (Follow this post for entry & exit)
Will be updating the post based on how gold behaves at the channel top OR at the trend line support
Keep watching this space for the entry, targets and SL
Gold steadied last week after witnessing a steady decline is seen rebounding as the dollar seems to be tripping on reduced expectations for U.S. interest rate hikes next year. The dollar suffered its biggest drop in five months on Wednesday after minutes from the U.S. Federal Reserve's showed "many participants" were concerned inflation would stay below the...
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