Short Signal Entry ~ 1480.00 Stop Loss @1491.00 Take Profit @ 1450.00 This Entry Based on HS Neckline Breakout's Retest Level.
GOLD chart as it appears is a classic case of Symmetrical Triangle Breakout Up. It has given a breakout in the month of June 2019 & as per expectations is trading upwards since then. The volume at breakout was not significant but is slowly picking up pace. Though a throwback upto $1300 in short term cannot be ruled as the RSI & Stochastic have entered overbought...
Buy XAUUSD between 1535 and 1520 T1: 1568 T2: 1590 T3: 1620 T4: 1665 SL: 1478
GOLD will make a side way movement or will retrace back to the 15.12.00 level and then it may shoot up beyond the 15.25.00 level will further move up to 1525.00 for the coming weeks.
W1 cycle,Prices have risen above the horizontal resistance band. The future price is likely to continue to rise along the upward trend line. The target bit is in the Fibonacci 100% and 161.8% extension. Feel free to contact me if you have any questions!! Follow me ! Show U The Money ! TP1 1454 TP2 1568 ----------------------------------------- 2019.07.18 in
Hi Guys, Gold Gave a beautiful bull Pennant breakout a few days back and Currently in the consolidation mode. Theoretically, it should repeat the similar move(which it gave from 1275-1425) after this consolidation which will probably lead it toward 1520-1550 range.
Gold (XAUUSD) day chart analysis - Symmetric Triangle
Triangle pattern observed in Gold. Pattern looks to be valid and the target comes at 1477. 1438 and 1382 are the trend defining levels and so conservatively, longs can be initiate beyond 1438. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas....
Descending triangle pattern spotted in Gold,suggesting bearish bias. Though the base of the pattern falls on 1403, immediately below is round number 1400. Hence it is advised to initiate short only if price closes below 1400 with stop above the falling trendline and target at 1380. Manage to book some profit at 1388 if price traverse through our predicted...
Gold finally paused after the stellar rally as it moved in a range of $55 cradled between the support and the resistance posting a negative return of $10 after 6 weeks. The fall was on account of better than expected payroll data which reduced the likelihood of a rate cut in the next Fed meet allowing the dollar index to move higher. But even amongst such...
SPOT GOLD TRADE IN SELL ZONE, BUY ONLY TRADE ABOVE 1400 FOR THE TARGET 1408 AND 1416 ELSE SELL ON EVERY RISE FOR THE TARGET 1385 AND 1378
Gold continued its rally as it rose more than $40 in the week but ended with modest gains of $11. This surge from lows was broadly on account of an accommodative Fed which became the reason for the fall as Fed’s Chair Powell signaled not so brisk path to rate cuts in his speech last week. The G20 summit and the most important Trump – Xi meet resulted in lowering...