The price of gold rebounded after hitting a low point not seen in over two months.
This was due to the recent data showing that the US services sector had experienced minimal growth in May, which halted several months of strong market growth.
The weakened dollar was also beneficial to metal markets, with gold being a safe-haven asset.
However, it is expected that...
GOLD Trading In The Channel Range.
Taking Upside Resistance in the channel range trendline and moving downside.
BREAKING BELOW THE CHANNEL RANGE WILL IMPACT MORE DOWNSIDE FALL AND LEVELS GIVEN IN THE CHART.
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Gold latest move in 1 hr time frame may breakout from symmetrical triangle and reach to 2005- 2012 📈 range before falling down . But if broken previous week high at 2015 may lead to test resistance at 2020. If not broken symmetrical triangle can lead to 1950-1960 📉 support range and will also broke the daily bear flag which will give the confirmation for further...
Gold Dropped huge on the last friday as a correction mode with strong Data but Gold bias still strong here expecting level HKEX:1987 -86 in continuation and sell with small retest HKEX:2012 -15 on Monday and below TSE:1980 -82 we will go for TSE:1945 -35
#Gold #XAUUSD downward movement potential with risk:reward= 5.2
Analysis of Gold spot/US Dollar i.e XAUUSD
Time frame:15 minutes
What is the analysis?
Break out on the upper side and reach the target. MACD Is crossing below zero, so we can expect a downtrend movement with risk:Reward=5.2.Sell at 2020 with SL 2035 and target 1871.
HOPE our analysis is...
BREAKOUT CAN HAPPEN ANY TIME IN GOLD ON HOURLY TIME FRAME
WATCH CLOSELY AND TRADE ACCORDINGLY
It is a dense, lustrous, yellow, malleable precious metal, so durable that it is virtually indestructible, often found uncombined in nature. Jewelry and other decorative objects have been crafted from gold for thousands of years. It has been used for coins, to back...
gold mcx analysis with shooting star pattern below---gold daily chart made shoting star pattern which is near term indicate bear mode yes 59856 blw gold may be test 59144+++ or blw 59100 or close blw thna u will see 58550-310+++++ over all hold this pattern high than mkt sell on rise or if hold support 59100 thna mkt again jump till 59500-700+++++
gold mcx trend line analysis blw 58550-----yes 4ht hrs chart made bear pattern or trend line indicate sell on rise good way with 58700 cls base sl tgt 57780--577+++ or where break this trend line hurdel than we see 5900-59300++ soon yes must sustain or cls abv 58700 than up side only
Gold mcx presently Broken out the drawn downtrend channel in hcb. Might not sustain there and will go down again till 55150-55050, once it closes below 55750-55650 zone in hcb. Do proper study before jump.
hi guys
i hope all of us doing ,previous chart analysis playing perfectly preview on it quick update on gold m15 chart
bullish targets
1879 holding above next target open on 1885
1885 holding above next targets open on 1890
1869 holding above next targets open on 1877,1879
bearish targets
1877 holding below next targets open on 1869,1866
1866 holding...
Gold price needs to recapture the previous high of $1,821 to challenge the multi-month top at $1,825. Acceptance above the latter will initiate a fresh upswing toward the $1,830 round figure. The 14-day Relative Strength Index (RSI) has turned but holds comfortably above the midline, suggesting that any pullback in Gold price remains a ‘good buying’...
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"
