After strong resistance facing at 1960, precious metal dipped hard falling directly to 1900 support. 1900 support held up nicely and price is currently consolidatibg around 1915-1920. Our price target of 1958 is just below strong resistance of 1960. If market bias changes and gold breaks 1893 support, our SL is placed neately below at 1890. As a start of the new...
As we can see a falling volume and prices are going up, which indicate a weakness. So lets go short On Gold , Gold will have a correction upto 16%. We also see a SZ nearby. Entry 1937 SL 1966 T 1612
Closing above at 1900 will take immediately to 1920 and 1960 then 2010,2080
Confirmation is necessary ! OANDA:XAUUSD
rounding bottom & then touchdown to support & bounce ...on monthly scale ... it must lead to 2743 as 55% from bottom of 1770
Buy Gold On Dips With Strict SL Of 48600 (Weekly Closing Basis) For Target Of 56000
#gold nice reverse H&S on daily chart break of $1900 on closing basis will mean new highs r coming .
According to this chart, gold has started falling from August month. Doji appearing in the last trading session. It's signaling a possible reversal. If gold follows the dynamic resistance, we may see a continuous downtrend. That can be up to 0.5 ( 47300 ) to 0.618 ( 45200 ) of Fib retracement. Fib retracement: Swing High: 56191 Swing Low: 38400 Here's...
Gold must take support level from here Strong weekly support and 200 days moving average support Target - 1 $1900 and Target-2 $2000
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...
XAU/USD just hit a Daily Resistance zone. First Stop will be Last Weeks Support zone.
Gold took support from Daily 200 Day Moving Average BUY GOLD ABOVE 48700, Day Closing Above This Level Will Make View Solid, Strict SL - 47500 (DCB), Target - 50300/51000
Gold is respecting the Fibonacci levels and there's strong possibility it can go further down till 127.2% Fibo level i.e. ~48,200
THE CHART IS STROG BULLISH FORMING A TRIANGLE PATTERN IF IT BREAKS DOWNSIDE THAN AVOID SHORTS IF BREAKS UPSIDE AND SUSTAINS THERE THAN WE CAN LONG IT WITH SMALL SL. THE GOLD HAS SHOWN A BIG RALLY THE RALLY WHICH IS FAR BIGGER THAN EXPECTED