Xauusd weekend analysisGold against dollar's bullish run looks like decided its destination on 1675, and 1675 become the key area to decide its fate ,if it breaks it will go high , else it break out the resistance to take control by the bears...
Goldtrading
XAUUSD GOLD VS USD , PRICE ACTION ANALYSISGold raises gradually from its fall of 1450 and after breaks the price of 1600 , its gains momentum ..
and it gains strength to show its new high.. this week it will try to pierce the level 1660..if it breaks go high else ....
GOLD Trading IdeaOne could argue is that the period could be of distribution, but I think that gold is Bullish in the long term. As I have shared in previous chart, so this looks like another accumulation to me.
GOLD Triangle formationGOLD
Gold has crossed the major psychological level which is 1600.00
And currently trading at 1620.00 level
It has broke the triangle formation and reached the top side level of 1620.00
We can expect short term fall back towards 1606.00 level
From this level suitable long position may open at 1606.00
Take profit will be 1628.00
Stop lose may placed below 1597.00
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GOLD XAUUSD WEEKLY ANALYSISLast week , it ends up with the sideways movement , and it passed up over resistance line, If that resistance line turn into support .. then the Gold going to see the new high during this week. Analysis made based on pure price action.. not fundamentals
GOLD Long Term Technical AnalysisAll levels on the chart.
1. Range breaking out after 6 years is significant.
2. Even if the price comes down, there would very difficult for it go below this range due to heavy accumulation over this period.
$gold short-termBeautiful cup and handle formation . Sice it already touched $1700 the next breakout will leads to $1750 and $1800 . Breakout can happen anywhere in this week .
Gold Chart - Bullish on Gold I am bullish on Gold. Strong support @ 1637 - 1600 and upper side targets are 1710-1750-1765-1780-1800
Sideways throughout march .. next big move on aprilStill there is time to complete the arc formation, so wait till April to see the big move .
Gold - Breakout - all time high can be crossed soon.Gold has been in uptrend for some time, It has broken a major trendline some time back.
Its recent high or 1610 USD or 41300 Rs. is likely to be exceeded soon.
$Gold Updated triangle till feb 21There is more probability to correction action happen within Feb 21 . Expecting more support on $1555 level .
This April the next boom going to happen.One candle stick remaining to complete the flag that is march. After hitting the April high we can expect decline in a same pace. And the April target is $1700 .
$Gold forming a cup movement.“The potential industrial fallout from coronavirus is already leading a number of governments to cut interest rates or add to easing activity, while the U.S. 10-year bond has been dipping in and out of negative territory. This is all positive for gold in a risk-averse environment, although by definition we cannot know for how long it will be before this outbreak is controlled,” O’Connell wrote on Wednesday.
Takeoff at anytime$1575 -$1585 range is possible for next week. And will reach $1600 within early February.
Next $1600 Target could beWhen you see the 5 year moving average , this month will be a positive one .
