GOLD has broken its long sustained downtrend on a daily chart. It has also crosses and sustained a strong support level of 1850. Good upside possible from here.
A possible up-move only if it breaks above 46825-46840 range.
Spot gold is currently trading in upper sloping channel. Also there is very important trendline resistance at $1847 which also coincides with 61.8 retracement. Hence spot Gold can be extremely bullish on a break of $1847
BUY GOLD, analysis on 1 hour time frame & trend lines. gold can continue its bullish journey
GOLDPETAL1! | Another 100 points opportunity (1 Gram chart) I expect upside / bullish breakout because i see RSI divergence and W / Double bottom aswell CMP : 4673 (Dip 4660) SL : 4640 Target : 4770 1:3 risk reward setup
For the past two trading weeks gold was trading within confined range and unable to break on either side 1795,1760 was acting as strong barrier.Kindly watch the break out/down for potential buy/sell Upper side target would be 1815 and on downside immediate target would be 1750.
GOLDPETAL | Looks good for 180 points swing CMP : 4646 (Dip : 4550) SL : 4520 Target : 4780 1 Point = 1 Gram I generally trade in 30-40 grams
Buy gold above 47600 Target 1- 47850 Target 2- 48000 Target 3- 48400 Stoploss- 47350 (Closing Basis)
Although there has been a good breakout from 1750 levels still it could face Resistance around 1800-1850 levels. Crossing 1800-1850 it may get into its long term uptrend direction.
for future analysis for multi asset review and understand where equity stands
If gold break 46800 to 46900 then going with up side moment.
Gold in make or break level. Enter only after the confirmation candle (Weekly). RSI is in the overbought zone!
Spot gold on a daily chart has witnessed a double bottom around $1677. Can be a possible neckline Breakout around $1755, which can be extremely bullish for gold.
Gold is set to retest 1720 area before jumping high to reach 1800 mark. Will go for buy again at 1720 area if Bulls show some momentum up.
Gold has formed a flag pattern after a trend line breakout so it looks good in short term