Trading suggestion:
. There is a possibility of temporary retracement to suggested Resistance line (2036) or also on uptrend breakup. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XAUUSD is in a range bound and the beginning of down trend is expected.
. The price is above the 21-Day...
Midterm forecast:
1939.45 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A peak is formed in daily chart at 1818.00 on 07/07/2020, so more losses to support(s) 2000.00, 1970.20 and minimum to Major Support (1939.45) is...
Strong buying in GOLD since the last 24 hours. Go Long until target $2050.
Sentiment broken at $2000 for GOLD. This brings us to GOLD at a all time high.
Global economy looks bleak. Hedge away!
Looks like we are in the 5th wave according to the Elliot wave theory and moreover there is a negative RSI divergence as well. Indicating weakness in the momentum!
Midterm forecast:
. 1818.00 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
. While the RSI uptrend #1 is not broken, bullish wave in price would continue.
. A peak is formed in daily chart at 1818.00 on 07/07/2020, so more losses minimum to Major Support (1818.00) is expected.
. Price is above WEMA21,...
Midterm forecast:
. While the price is below the resistance 1818.00, beginning of downtrend is expected.
. We make sure when the support at 1660.25 breaks.
. If the resistance at 1818.00 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
. While the RSI uptrend #1 is not broken, bullish wave in price would...
as we can see the gold is totally overbought right now,
as the stock market crash gold will also crash with it in a short term into 1300 usd
and then the next bull run will start that will lead 3200 top
as per my research.
its a nice idea to have some gold in your portfolio in this pandemic
Gold should move beyond its previous high but will most likely stay within the all time high price. This may be the one final move before it turns bearish for a long while
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1703.5). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XAUUSD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a...
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1731.0). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XAUUSD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a...
Gold against dollar recovered from the lows month of April. The Journey towards 1800 is on . and the chances looks bright in this month of May.
In the monthly chart ,it breaks the long term resistance of 1675 and spikes up.. but this week it expected to do small retest on 1657 and go higher..
thats a historical chart, which shows gold will be @ $5000+ till 2025 ... if any thingcan be concluded from the fractal going from 2005-2011 ...we r exactly at the same place or we may see gold touching 1800-1900 in short run then consolidate to 1300-1450 zone & then again make a ride towards new life time highin end 2021 -begining 2022 & keep on increasing till...
One could argue is that the period could be of distribution, but I think that gold is Bullish in the long term. As I have shared in previous chart, so this looks like another accumulation to me.
