Gold just bounce from its crucial support , starts its new leg in process of double bottom and RSI also shows Divergence in it and at support we see a good morning star pattern cmp for gold is 1650 so in upcoming 1 or 2 months we see gold around 1806 and 1874 with having SL of 1620 level
📉 Gold - Bearish - We look to Sell at 1613.90 ▪ The medium-term bias remains bearish. ▪ Broken out of the triangle formation to the downside. ▪ A mild correction has been posted from yesterday's low, this is seen as a retest of the breakout level. ▪ Support at the levels of 1615 weekly low can be broken. ▪ We prefer to fade into the rally with a tight stop in...
📉 Gold - Bearish - We look to Sell at 1638.90 ▪ The medium-term bias remains bearish. ▪ Broken out of the triangle formation to the downside. ▪ A mild correction has been posted from yesterday's low, this is seen as a retest of the breakout level. ▪ Resistance could prove difficult to break down. ▪ We, therefore, prefer to fade into the rally with a tight stop...
📉 Sell Gold - Bearish - We look to Sell at 1646.51 ▪ The medium-term bias remains bearish. ▪ There is scope for mild buying at the open but gains should be limited. ▪ Prices are expected to stall near trend line resistance. ▪ We look to sell rallies. Confidence: ⭐⭐⭐⭐⭐ ⛔ Stop: 1655.37 🎯 Target 1: 1627.32 🎯 Target 2: 1610 Happy Trading!
Gold traded in a tight range yesterday. The overall daily movement was pretty much like the day before - pulling back before the day's end.; the price climbed to the day-high 1660 in the early session and retraced back to the opening price of 1650 before the day's end. The S-T trend is still controlled by the S-T downtrend resistance (1.1) that was mentioned...
Gold had pullback before the day's end yesterday. The market opened at 1642 back from the weekend. The price has kept moving higher in the Asian and European sessions. It hit the day-high 1668 at the US session opening, then the price retraced. The day ended at 1650, up by USD8 after all. The downtrend on the 1-hour chart slowed down yesterday after the...
Personally, I see scenario 1 as more likely due to the downtrend With the decrease of the price slope and the decrease in the speed of the fall, we can imagine the horizontal movement of the price in these areas.
📉 XAUUSD - Bearish - We look to Sell a break of 1645 ▪ The primary trend remains bearish. ▪ Sentiment remains negative despite the pull-back higher in prices. ▪ Further downside is expected. ▪ A break of 1645 is needed to confirm follow-through negative momentum. Confidence: ⭐⭐⭐ ⛔ Stop: 1652 🎯 Target 1: 1635 🎯 Target 2: 1615
Carried the selling momentum from last Fri., gold sank further yesterday. The market opened at 1694 back from the weekend. After the price briefly touched 1700 during the opening hours, the bearish run began. It cleared the 1680 support in the US opening session and landed at the day-low near 1665. The day ended at 1668, down by USD 25. Selling resumed after...
Gold touched a new 1-week low yesterday. The day began at 1667, and the price was traded between 1660-71 throughout the Asian & European sessions. A rapid jump to the day-high 1684 occurred at the US session, but the price got pull-back led to the day ending at 1665, down by USD 2. The S-T selling trend originated from 1710 has ended yesterday after the price...
GOLD Buy Trade Opportunity Gold currently moving downside Here is the Major Support area as we mark on the chart We are accepting that market will be reversed for this point if the market makes a strong Bullish candle so it will be a good point for buying Always use Stop Loss
Gold renewed the 3-weeks high yesterday. Carried the buying momentum from the day before, a new round of buying was triggered after the price cleared the resistance at 1700 early in the Asian session. The bullish trend continued until it touched the day-high near 1729 late in the US session. The day ended at 1725, up by USD 25. After all the interventions and...
Gold already broke below important support of 1680 on daily, weekly and monthly timeframe and flipped it into resistance. Also we are trading in downtrend channel from 2070.42. We rejected 0.5 fib level on hourly timeframe. Expecting it to bottom out around 1560-1550 have short open from 0.5 fib level to down 1560 with Sl on atleast 2% (would add more if we spike...
price tried to break above1680 but price failed twice on 30min timeframe and we can see double top rejection or M pattern after higher low price formed ascending channel and there is a bearish divergence in rsi we can trade R:R by 1:1.5 entry 1668 sl 1672 tr 1661
Gold rebounded from the new 2-year low. The price has been consolidating during the Asian and European sessions after the market opened at 1628 yesterday. Once the news from BOE hit the market, the surge began. At the US session opening, buying came into the market and cleared the resistance at the trendline(1). The price jumped to the day-high at 1662, with...
Gold tested a new 2-year low yesterday. Back from the weekend, gold has dropped to the early low near 1626 in the Asian session. However, the price has quickly rebounded. At the European session, it already reached the day-high at near 1649. Selling resumed in the late US session, where the day ended near the day-low at 1622. The overall trend in the...
GOLD Sell Trade Opportunity GOLD is currently, a bearish trend last week was good movement this week expecting movement on the range and currently it's trying to retest Resistance Area this is a perfect point for a sell trade. "Always trade with Stop Loss"
gold is near weekly and daily buy zone. Hope gold will take equity and fly soon.