Gold price cracked big time last week and the fall was arrested right at the support zone marked in the chart. Price has since been consolidating and the price action indicates the possibility of a bounce. The immediate level to focus-on is the blue line in the chart. If the price manages to clear that blue line via a green WRB (with higher volumes) then the...
Looking for Short Setup. BUT only on Further Price Confirmation
Keep an Eye. Time is fast exhausting for the up move.
In 30 Minutes chart Gold broken the channel and trying to take up move one can buy above 1261 for the upward journey. Gold will take a bull run so I'm not giving any target.
My View Small Sl And Big Target Remember In Prayer...
Strong Possibilities of a Correction in Gold. But must wait patiently for more price confirmation.
* Bullish Butterfly * Rising trendline * Channel * Support zone
Silver is possibly undergoing a fast three-wave correction that has retraced 50% of the previous cycle advance $17.40-17.50 is potentially a strong support cluster and warrants a look for Long trades
It is been observed that the price action was ranging in a symmetrical triangle for a while. Now, the price action finally breaks out from the triangle, indicating strong selling pressure. The price shall now further move down as measured to the height of triangle. Short after a pullback to previous support of the triangle as marked.
The idea is not for any trading purpose. Just to be cautious on trading.
Gold (26.09.2016) is trapped in triangle range for more than 12 weeks now. However the movement could be considered as consolidation after a big run from $1040 mark. Gold again approaching to the upper descending trend line & this could be the final final move. A break above $1348-1350 area will open door for $1375 mark initially. Tip : Buy above $1350 mark for...