Midterm forecast:
While the price is below the resistance 2075.05, beginning of downtrend is expected.
We make sure when the support at 1818.00 breaks.
If the resistance at 2075.05 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
While the RSI support #1 at 45 is not broken, the probability of price decrease...
Gold against Dollar , have been trading within a triangle almost a month , last Friday , it did tries to do escape out of the August Triangle. unsuccessful but made a initiative there to go short from that triangle..this week it may hit the resistance at 1965 area, then the breakout from triangle may happen.expect it go down till 1890..overall anticipating a...
Price reaching reversal area that is supply zone. Was a good buy trade from the support, in no time price reaches the resistance levels.
Look for sell trade if rejects from the supply zone.
Price after a big fall from February 2019 resistance levels recovered big and closed strongly above the resistance levels in weekly time frame which is good sign for bull ride.
Crude Has been trading in a sideways zone from past some time but if we look at the bigger picture crude is facing resistance in its major resistance zone. Moving averages are now flat indicating the price is flat and upside momentum is lost. price is taking support from the trendline. If the trendlibe break there might be a posibilty that price might test its...
XAUUSD is formed bullish pennant shape and along with that i marked the area of supply and demand, this analysis giving idea of bullish movement in the next 2 days of the week.. let see...
GOLD CLOSED ABOVE THE RESISTANCE AND WE CAN SEE THE LAST CANDLE REJECTING THE SUPPORT . WE COULD TAKE A LONG POSITION HERE TO THE NEXT RESISTANCE LEVEL(2010)...
WHAT DO YOU THINK GUYS?
profit booking on GOLD which started on 7th of August is continuing. Weeker global cues in metal sector and a pinch of taking money of table is what we have witnessed in last 15 odd trading sessions. RSI is looking little week but nothing to worry.
Basis FIB retracement the support levels are perfectly aligned to 0.38 Levels and resistance is at 0.23 levels. In...
