It has been observed that an inverse Head & Shoulder pattern has emerged on the Spot Gold hourly chart with a retrace back to the neckline which has held well. Long Entry : 1219.63 Target : 1258 Stop : 1198.92
A little late in posting this one, but nevertheless, a Bullish Cypher Pattern has emerged on the XAUUSD 1 hour chart. A long can be initiated if the price retraces back to 1185.73 or can be longed at current market price if your R:R Allows for it. Target: 1198.57 Stop 1175.86
Gold - XAUUSD is Possibily forming an Ending Diagonal in a Wave c of a-b-c correction which will also potentially complete Wave B or 2 of larger Wave Count completing the correction of over all rally from 1150 to 1375. Gold has corrected in a 3 wave decline and is not around 61.8 fib retracement levels. MACD is giving Divergence on smaller timeframes 240/60 giving...
It is been observed on daily chart that the price action is making lower highs and lower lows, indicating a bearish trend. Now, it shall further move down to the next support levels at around 81000-80300 levels. Target: 81000 Stoploss: 84500 Risk Reward: 1:1
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.
Head Ans Shoulder Patter and Ema 200 Ema 50 Ema 20 Price Above Ema 200-50-20...Support To Upside Trade Only Close Above Neckline My Side Target 1327.27 Sl 1306.06.... Remember In Prayer
Sell Gold Both Level Touch 1317.67 1315.12 Remember In Prayer