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
Buy XAUUSD above 1205 T1: 1221 T2: 1228 SL: 1999
Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1183.15 would begin in Midterm. Technical analysis: The RSI resistance #1 at 53 is broken, so the probability of beginning of uptrend is increased. While the RSI uptrend #2 is not broken, bullish wave in price would continue. Price is...
Gold (XAUUSD) 4H chart study - Symmetric Triangle
Gold (XAUUSD) set for a move towards 1260-1282 post breakout
Buy XAUUSD at CMP (1200) T1: 1208 T2: 1214 T3: 1238 SL: 1990