Gold broke our lower trend line and now testing the second support at 1874$ . our bullish idea still the same.
Closing above at 1900 will take immediately to 1920 and 1960 then 2010,2080
rounding bottom & then touchdown to support & bounce ...on monthly scale ... it must lead to 2743 as 55% from bottom of 1770
Buy Gold On Dips With Strict SL Of 48600 (Weekly Closing Basis) For Target Of 56000
Important levels are marked and FIBO levels are marked. Educational Purpose.
1825-1816 is a very crucial level. Breaking below 1816 could bring more Short contracts. -MetaVish
XAU/USD just hit a Daily Resistance zone. First Stop will be Last Weeks Support zone.
Gold took support from Daily 200 Day Moving Average BUY GOLD ABOVE 48700, Day Closing Above This Level Will Make View Solid, Strict SL - 47500 (DCB), Target - 50300/51000
I dont know what to say, please see my all posts of gold, Gold sell call given at 52320 with sl of 52550 which was ascending channels high when i posted the chart previously, it made high of 52520 and touched the lower level of channel, infact it tried to make low around the level where the channel actually started, which was the final target of ascending channels...
Gold is about to touch ascending channels high, This is the place to lookout for sell for a fall or to buy again above breaking of ascending channel. Stay Alert. Will Update. All The Targets To The Previous Call In Gold Has Achieved.
Gold giving buying opportunity. Perfect trade setup Buy Gold At Cmp 51191 SL - Below 50800 Target - Your Choice
Bulls tried to take gold higher but were unable to sustain the momentum and it closed below its major support which is now acting as resitance. DXY is providing further headwinds with it closing above a major resistance at 93.83 which is generally bearish for gold. However the market as such does not have 100% bearish sentiment as due to US elections and hopes of...
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...
Here I have compared Gold Spot (CFD) with Indian MCX Gold to identify this week's trend. In the chart, there are two different support levels. Wherein support level 1860 is for gold spot, and 49260 for the MCX gold. I have used moving average and volume on Indian gold. At present, 50 MA is turning downside. If it breaks the parallel channel (PC), gold will...
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.