I predict the price of gold is destined to drop major levels in the upcoming days/hour.
Midterm forecast: While the price is above the support 1762.05, resumption of uptrend is expected. We make sure when the resistance at 1902.60 breaks. If the support at 1762.05 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...
gold - bull flag formation on weekly chart... in the currency of biggest importer of gold . have to see how the next week pan out .
ratio of nifty to gold is always sideways. One can make long term investment in gold or stocks based on this ratio.
Buy TATA STEEL above 715 keein sl of 706 for the target of 725/745/755
GOLD - Descending channel formation at day chart Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient. Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Gold is taking a long term support, is sustaining above 50 percent fib retracement levels. Can be a good buying point.
Buy Gold with SL of 1814 for target of 1900/1950/2000 and ++
Here's the daily chart of the MCX SILVER. It started to rise from the 18th of March 2020. But currently, it's moving downside. It's a short time fall. After the particular level, it will start to move upside again. It may fall up to the support. And from that point, there will be a reversal in the trend. Targets for the future upside movement of the trend are the...
Having recently dropped to the early December 2020 lows, gold prices bounce off $1817 to currently around $1840. Even so, the corrective pullback stays below 200-SMA. Other than the SMA breakdown, bearish MACD and a downward sloping trend line from last Wednesday also favor gold sellers. As a result, the yellow metal is up for a fresh decline targeting the $1800...
Gold has reversed from an important trendline. long on dips with 1826 Stop loss.
Midterm forecast: While the price is above the support 1762.05, resumption of uptrend is expected. We make sure when the resistance at 1902.60 breaks. If the support at 1762.05 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A trough...
Gold broke our lower trend line and now testing the second support at 1874$ . our bullish idea still the same.
XAUUSD go long near to 1835 . TP1:1890, TP2: 1900 SL: 1810 Look at RSI & CCI
Gold after a top in 2011, fell sharply and bottomed out in 2016. It traded in a range from 2013-2019 and broke out in the second half of 2019 started a trending move upwards. Though it fell sharply during the covid crash, it started moving up immediately showing strength but got a little overstretched and retraced 50% from the March low to the high. Now the price...
Gold seems in a down trend on weekly charts. Kindly do your own analysis and take decision.