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 may come down to 1500 near strong support line can be seen 1800 - and 1680 But chances are pretty high that gold may touch 1500 level DXY is getting stronger and stronger BTC is also an option for the big investors
XAUUSD STRONG SELL Entry Price 1775-1793 Target Price - 1681.00 Stoploss - 1815.00 Reason for XAUUSD SELL in Next Week 1. Obey strong downtrend line of 1790 2.Obey the strong support of 1783 and have not closed above the price of the in day candle and made a rejection 3. Formed a Falling bearish Wedge Pettern 4.Bearish Spinning and bearish harami...
Fundamental Description: Gold was up on Monday morning in Asia. A weaker dollar gave the yellow metal a boost, but a move towards riskier assets in Asia capped gains. Gold Price ended Friday with mild gains above $1,850 while having booked the second straight weekly gains, as the US dollar correction extended alongside the US Treasury yields’ amid subsiding...
Fundamental Descriptions: Gold was down on Wednesday morning in Asia, with the dollar continuing its retreat from a 20-year high and countering pressure from stronger Treasury yields. Gold drops for the second consecutive day, taking offers around 1808 to refresh the intraday low heading into Wednesday’s European session, as sour sentiment joins the firmer US...
Description : Chart of Gold is forming a beautiful triangle. Support Area : Break of triangle downside will lead to immediate support at 1680$ if this also breaks then 1480$. Resistance Area : Break of triangle on upside will lead to 1900$ and then followed by 2030$
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.
Bullish above 1858 $ TARGET : 1963 $, 2075 $+ SL : 1760 Risk is yours and Reward is too yours totally
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.
Gold must take support level from here Strong weekly support and 200 days moving average support Target - 1 $1900 and Target-2 $2000
Gold has started rising from U.S. Presidential Election. I have said in the previous newsletters, bullion sector commodities are strongly bullish. How many of you bought Gold and Gold Guinea? MCX Gold Measured Moves I had written for the intraday traders that, " ...the day traders can follow the following targets: 51000 – 51360 – 51860+ And short-term...
Gold against Dollar pair , has traded sideways in the month of October , traded between the range between 1874 - 1932, price closes last week at 1902, it looks like the price actions supports the bearish move in the upcoming week, if it breaks the levels of 1880 at the bottom, it might go deep down of 1856 , If its not breaks the level of 1880 , then there is...
As everyone is expecting gold to break alltime high $2075 before US presidential election, the chart says gold will slide & trade in the range of $1736-1802 (demand zone) before making any further move upside. Long term demand zone $1560-1682 Fibo extension supply zone @2158-2460-2685 Expecting gold not to break $2075 within 3 months of time frame.
As per the FOREX GOLD chart idea I have been posting in the last few weeks, the gold is in accumulation stages and GOLDPETAL Contracts are being traded in the MCX with good volumes. The following idea shows that GOLD has had very strong RSI with above 40 in the last two months. Price breakout chart in USD can be seen below for XAUUSD.
Probably a very range bound movement expected........... The chart says it all........
Gold 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 ....
As per the previous updates on the blog & other social media that Gold will soon HIT $1285. Today trading at $1285, So further in this week. If closes below $1275 Then the further move will towards $1257 & $1244. So, For Bears Today is a Good day to book there shorts with $60 points & sit relax for a new entry. For Bulls they can put the stop loss of closing...