FOREXCOM:XAUUSD Gold is trading in between range of 1960 to 1965. About to break in any moment.
GOLD Buy Trade opportunity Gold is currently in a bearish trend expecting to change the trend on major support level on 1870 area if market make a very strong bullish candle on support line so it will be a very nice point to take a buy trade with very good risk rewards "Always use Stop Loss"
Directional Bias: Bullish Pattern Type: Continuation Pattern Description: This pattern occurs within the context of a longer uptrend and is characterized by the price forming a u-shaped cup with a short handle on the right. The duration of the cup should last at least 7 weeks if using a daily chart. Volume Description: Volume will typically follow the shape of the...
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 is looking bullish. After the breakout , gold has taken a retest and ready to go up. TP 1 - 1903 TP 2 - 1951 SL - 1800
FOREXCOM:XAUUSD Hi This is just an short term view for gold..... Thank You
GOLD was in down trend by BAT pattern expecting a fall and if gold goes down nifty goes up so expecting nifty to get up trend
xauusd analysis for short trad like and follow only gold analysis
GOLD SELL Zone........... goog Luck........................................................................
1. Cup & Handle Pattern 2. Weekly closing Above 1910$ leads to Bull Run
after breakout on daily chart gold is ready for breakout. 1H chart is ready for triangular break out . which will break weekly trendline. 1900$ is next resistance .
SELL GOLD below 1856 TGT 1843 ,1836 SEE TRENDLINE FOR ONE DAY TO TWO DAYS TRADING see trendline for one and two days trading stoploss - 1870.
15 months of consolidation. 61% retracement. Trendline breakout. Initial signs of next move. Good risk:reward.
gold currently facing resistance at 47300-47500 and trying to breakout this zone and volume higher than 21 DMA keep this in your radar with SL as support zone
Crypto may be the new gold. There may be no fear in market because of debt. But Gold is Gold! and is making a fantastic Cup on Weekly. Guess what there a handle is too. To, top that, Fibonacci also supports this. Chart says Gold, is going up baby. When everybody discourages you to buy something, think again, Why??? This is just a chart pattern discussion....
After retracing 61.8% of recent rise or we can say wave I, Gold has given a positive daily close in yesterday's trading session, it looks like corrective wave II is completed and now wave III can possibly unfold, we also noticed that since april 2020 gold is responding nicely as support and resistance at these areas of $1740 to $1760 price zones, at this time...
this are the probable level in gold for coming weeks. if it breaks the double or triple bottom than short otherwise take positions according to your risk appetite