💡 Don't miss the great buy opportunity in Gold (XAUUSD)Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1799.4). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Gold (XAUUSD) is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 48.
Take Profits:
TP1= @ 1901.13
TP2= @ 1965.20
TP3= @ 2015.63
TP4= @ 2074.95
TP5= @ 1822.10
SL= Break below S2
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Goldtrading
GOLD "BIG GAINS"I dont know what to say, please see my all posts of gold, Gold sell call given at 52320 with sl of 52550 which was ascending channels high when i posted the chart previously, it made high of 52520 and touched the lower level of channel, infact it tried to make low around the level where the channel actually started, which was the final target of ascending channels breakdown. BOOM..
XAUUSD , weekly analysis, Nov 19 - 13Hi traders,
Gold against US Dollar weekly analysis, post election first week analysis shows a bullish view like last week also , this pair looking to go high may be till 1975 - 1980 mark this week, but first few days of the week may see a down side almost it has a chance to touch 1925-1930 price range, then it has all the chance to go up against weaker dollar in the coming days, I hope this may continue to overall November
MCX Gold Guinea price setting up for a big rallyU.S election result will come soon. Today, we have chances to see solid movements in MCX's bullion sector commodities. And Gold Guinea crossed 50 MA upper side.
Intraday & short-term traders can buy using this strategy to make some money. Targets: 41800 - 42200 - 43000+
If it closes below 50 MA , then don't hold your position in loss. I prefer to exit after it.
Do you want to know about MCX Gold? Go here:
Today, I'm going to update a detailed report on COPPER.