Dollar index bullish analysis also support the bearish move in XAUUSD this week..
Forming strong bottom @ 1900-1950
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 uptrend #1 is not broken, bullish wave in price would continue. A peak...
buy gold with day low sl for target t1 and target t2
IF CLOSED ABOVE 69000 WE CAN SEE ANOTHER UPSIDE TARGET 78 82K+++ FOR EDUCATIONAL PURPOSE ONLY
Gold has formed a support at previous high around 1920 1900-920 seems to be a strong support and will attract buyers Battle between 1925 - 1950 levels Long term buy and short term hold
Buy above 68300 for 68600,69100,70000 Sell below 67900 for 67600,67100,66100 Can comment or ping me for any query or live updates All views for Educational purpose, Trade at your own risk
Silver looks to get needed support at trendline. And volume looks to be positive for heading to $30. Gold movement can help again. MCX- Trade Idea to take Silver Micro. and keep adding at lower levels till $25 is protected.
Gold Gold levels 1hr candle 21/08/2020
Here we can long gold , looking xabcd chart patter.
Looking for a short entry on break below 27.085 lvls on 15 min tf on closing basis.
Seems that Upside is capped @ $1950 - $1960 range.... likely to trade Sideways to negative zone... Like ... Share.... Follow....
SILVER TODAY POSSIBLE LEVEL BASED ON SWING TRADING METHOD.
Bearish flag + 61% retracement + overbought MACD = good R:R for shorts