GOLD APRIL DAILY CHARTAlthough 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.
Goldtradingstrategy
Strong support level Gold must take support level from here
Strong weekly support and 200 days moving average support
Target - 1 $1900 and Target-2 $2000
Gold & Gold Guinea Tips & Updates - PROFIT 1,30,100+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 investors can hold for 52000 – 53000 – 53560+ levels".
Intraday Calls Profit: Rs.116100+ /lot
Short-term Calls Profit: Rs.1,30,100+ /lot
Gold Guinea price setting up for a big rally
I had written in bold word, "... intraday & short-term traders can buy using this strategy to make some money. Targets: 41800 – 42200 – 43000+".
Profit: 600+ Points /lot
Weekly analysis for XAUUSD, Oct 26-30Gold 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 fair chance of going upwards and pave its new path for November ,
Note - analysis given for education purpose only.
Gold - US presidential electionAs 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.
GOLDPETAL LONG - HEAVY ACCUMULATIONAs 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.
Gold likley to be in rangeProbably a very range bound movement expected...........
The chart says it all........
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 ....
Pockets are Full of $$$$. Will Blood Bath in Gold for Bulls Over
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 below $1275 for their long position.
Utsav Babbar
