Gold continued its downtrend falling $15 in the week which again was a $20-$22 ranged one. The fresh decline raises the bar for further downside as technical support of a pattern gave way which was also retested it the week itself allowing it to become an immediate resistance for the price going ahead. Fundamental news keep coming out and last week saw the...
Trading suggestion: . There is a possibility of temporary retracement to resistance support line (1280.90). 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. . Price is below WEMA21, if price rises more, this line can act...
Gold continued to consolidate in a $20-$22 band with actual movement being less than a dollar maintaining the bearish momentum. The highs were sold into as risk-on re-emerged strongly owing to fundamental developments and better than expected data from America. The bar created looks very bearish and fresh lows are expected as tensions around the globe seem to take...
Gold had a muted week in terms of actual gain/loss as it was in consolidation after suffering a big red weekly bar in the previous week. The yellow metal moved in $25 range testing the support and the resistance ending with cuts of mere $1. Some notable events are lined up in the week ahead with “FOMC Meeting Minutes” being the most important one which can move...
Any dips from CMP towards 1315 is a buying opportunity in gold. T1: 1326 T2: 1364 T3: 1370 SL: 1300
This would cover Nifty, Bank Nifty, Gold, USDINR and DXY.
Buy gold (XAUUSD) above 1295.50 T1: 1303 T2: 1310 SL: 1288
1. we are only entering a correction phase when equity price / vaue of an asset depreciates and classic economic theory suggests that Gold is appreciated when asset prices starts to weaken. But the performance of metals (especially, Gold ) was not at par with the rate of Asset depreciation. Plus, in my view, we may see crypto assets which may take a charge in...
1. we are only entering a correction phase when equity price / vaue of an asset depreciates and classic economic theory suggests that Gold is appreciated when asset prices starts to weaken. But the performance of metals (especially, Gold ) was not at par with the rate of Asset depreciation. Plus, in my view, we may see crypto assets which may take a charge in...
Start of 2018, I had picked out Gold as the asset class of the year. Then Had a choice between Gold, Equities, OIL and then booming BTC to pick from. While Gold hasnt delivered it has emerged as the best performing asset class of 2018. Coming to 2019- it looks like Gold is in a larger consolidation theme, ranging back to 2013 onwards. There seems to be not much of...
1. we are only entering a correction phase when equity price /value of an asset depreciates and classic economic theory suggests that Gold is appreciated when asset prices starts to weaken. But the performance of metals (especially, Gold ) was not at par with the rate of Asset depreciation. Plus, in my view, we may see crypto assets which may take a charge in...
1. we are only entering a correction phase when equity price / vaue of an asset depreciates and classic economic theory suggests that Gold is appreciated when asset prices starts to weaken. But the performance of metals (especially, Gold ) was not at par with the rate of Asset depreciation. Plus, in my view, we may see crypto assets which may take a charge in...
Buy XAUUSD between CMP (1230+) and 1229 T1: 1239 T2: 1243 T3: 1250 SL: 1219.50