Short gold below 1330 T1: 1320 T2: 1300 T3: 1290 SL: 1340
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...
Gold to remain bearish, long term target 850 - 900.
we can long here for target -1331 and 1349 and stop 1265 ,after complete pattern then again buy at 1228 -1230 levels
profit booking continue , we saw xauusd over sold till Friday so,
gold has hit the trend line finding support for the third time will this support end the downtrend here is my outlook for gold there is good support by the trend-line and as well as 50% fibo (1210.07) on the uptrend targets 1249.25 and 1275.06 alternate scenario if market breaks lower of the trend line and fibo 50% , expected of a breaking down with targets...
Short Gold between 1288-1289 with an sl at 1306.80 for target 1200
Resistance level 1229. which is again strong sell of region. Entry 1229 with SL 1236 target 1152 , 1125
7th January 14:30 HOURS - IST GOLD RALLIES TO 1185-1190-1195 to find Resistance and helpful to Short to upto of 1160-1165. Traders may keep Stop Loss above 1198
MACD giving a positive divergence and Gold is also looking oversold in terms of the distance from the 200DMA. Good chance that we get a solid rally. Good mean reversion at play here.
Already In 1349.70 EOD call Option