Silver has hit the indicated target range rather soon. There should be some cooloff and reversal to the midpoint of the channel now
Mid-Term Forecast Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (1920.0). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XAUUSD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts...
buy after breakout and retest of upper trendline
XAUUSD : xauusd is currently going to sell down for beyond the technical analysis XAUUSD sell down REASONS : 1. Trend reversed into the down trend 2. Continuation Pattern : rising wedge formed.. 3. xauusd is corrective wave also completed to going down.........
Midterm forecast: While the price is below the resistance 2075.05, beginning of downtrend is expected. We make sure when the support at 1790.00 breaks. If the resistance at 2075.05 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: While the RSI resistance #1 at 57 is not broken, the probability of price increase...
Spot Gold Currently priced between $1874-75, perfect placement for retractment towards first till $1,887 and then further move towards $1,905 and further. Keep your stop just below $1,860/- any move below that will take it further down towards $1,835 and then $1,811.
Expecting strengthen Dollar may send the price below till 1840 area of XAUUSD,
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1897.3). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . XAUUSD is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
Eventhough it formed slightly evening star in monthly timeframe....in weekly timeframe it formed flag pattern.....so be caution ready to buy.
Gold against Dollar pair , has traded sideways in the month of October , traded between the range between 1874 - 1932, price closes last week at 1902, it looks like the price actions supports the bearish move in the upcoming week, if it breaks the levels of 1880 at the bottom, it might go deep down of 1856 , If its not breaks the level of 1880 , then there is...
Here I have compared Gold Spot (CFD) with Indian MCX Gold to identify this week's trend. In the chart, there are two different support levels. Wherein support level 1860 is for gold spot, and 49260 for the MCX gold. I have used moving average and volume on Indian gold. At present, 50 MA is turning downside. If it breaks the parallel channel (PC), gold will...
Gold against Dollar pair is currently moving up in the mid of the week, expected touch its power zone of 1912 area and from there it may continues to go up ..
Silver rallied up in three waves - and has now completed and a-b-c structure. The fall in the last 30 mins could accelerate and take the issue to new lows. Watch the indicated risk level for exits if caught on the wrong side.
I am expecting the price to fall below 1850 by next week