A biased gold lovers analysis.., Last two moves from 50 week moving average resulted in 21 percent and 42 percent returns.., can we expect 84 percent returns from here this time.., taking it to 3200 usd.., I am strongly long.., share your views
As we have seen the xauusd fall on the recent event and US data, it's clear we are again going into short for xauusd as its price already below EMA 50. My analysis on gold says we should let rise gold little and then short till 1825 again.
Sell Gold on rise around $1830 stop loss above $1877 Target $ 1700 and $1600 Disc : it's not an investment advice to buy or sell
Not only a downside break of an ascending trend line from March but a daily closing below 200-day EMA and January low also favor gold bears on Friday. Although the pre-NFP trading dullness triggered consolidation from a nine-week low, the yellow metal keeps the previous day’s breakdown of the key technical levels. As a result, the bullion sellers currently eye a...
GOLD - Descending channel formation at day chart
Sine Line Suggesting Gold Is Making Bottom. 44650 Is Major Support.
Based on my perception of metal sector performance, what i see for the next couple of months, i have drawn the map, lets see how it pans out
Despite recent bounces off the short-term support line, gold keeps the previous day’s breakdown of ascending triangle formation, suggesting the metal’s further weakness until it trades below the triangle’s support, at $1,849 now. As a result, fresh selling can be witnessed on a downside break of the immediate horizontal line around $1,829, which in turn sets the...
price is at crucial horizontal support which is also the base of the triangle pattern. breakout is expected.
POSITIONAL LONG WITH CONFORMATION CLOSING ABOVE (DAILY BASIS) 68686 GO FOR POSITIONAL LONG WITH SL OF 66604 ********VIEW ONLY *********
1. Buy at break out above weekly close of $1865 2. Target - 10% , Short term
Although an ascending trend line from March keeps challenging gold sellers, 100-day SMA raise bars for the bull’s entry. Considering the improvement in RSI conditions and upbeat MACD, gold is likely to follow silver’s jump to the highest since August. However, a clear break above the 100-day SMA level near $1,880 becomes necessary for the bulls. It’s worth...
May be there is a channel, if price will stay below 1870 - it wil be a way to down to 1850 - 1829
Based on the current technicals this could breakout 72$ levels soon and reach new heights for short and long term.... May be even 100$. This is not any recommendation, do your own research before investing.
Midterm forecast: While the price is above the support 21.90, resumption of uptrend is expected. We make sure when the resistance at 27.40 breaks. If the support at 21.90 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A trough is...
Gold against Dollar has made a fair recovery from the price level of 1804 after a Second week downfall on January 2021, still the short term resistance at 1870 may push the price down to 1815 or 1805 area this week , and it has a good chance of bounce back from the support zone 1810 to reach where it started on the first day of the week. .... Analysis only for...