Okay so, gold this week gave a strong push to the upside which was expected in fact we capitalized on the move from 1818 to 1835 this was a good trade. Our premium members earned good profits out of it... :)
So, what's the next point to enter??
Currently, we are at the resistance area of 1840-1860 we can see some retracement to the downside. But we will not be...
Hey, it has been some time since my last analysis on gold...
Okay so, lately market has been ranging in the 1900-1970 region making lower lows and finally managed to break below.
It's good from a bullish view too we wanted to expect this retracement too. Buyers were not interested at that point to infuse more liquidity.
So, what now??
We are still looking for...
So, where is gold headed?
Okay so, this week gold has given us a move to the 1960 region but failed to break above it.
Now immediate resistance has been made in the 1964-1966 region.
How will we approach this situation?
If this structure breaks and the resistance turn to support then on the retest we will be looking for price action in 4hr. timeframe as we...
Okay, so what kind of situation we are having on gold?
We have a break above 1950 region which was an important resistance which is now turned support. Before this market was consolidating in the region of 1910-1950
Now, how we will approach this situation?
We have a break of structure on daily we will be looking for long position on the retest of the support...
Okay so, we have been looking for a long entry in gold!!!
Here's a great opportunity again to buy gold we have to see the market reaction in this bubble region shown on the chart. if market breaks the trend of downside then we will be taking a long for a target of 1735 as an initial target.
So, keep this on your watchlist and let's see if there's gonna be a...
Alright so, what kind of situation we have in gold for the coming week??
If we see Friday's closing it closed pretty high at 1735 level. So, for the coming week 1725-1735 region will serve as a strong buying region and if prices test 1717 levels then it is a must-buy don't miss that great buying opportunity.
While on the other hand 1765-1773 region will serve as...
We have been bullish on gold lately. This time we have reached out take profit zone also strong resistance will be provided here.
So, if you have a long position open then take your profit here and we can take a short from here to 1700-1710 level as our take profit.
This is the whole idea for now.
STAY UPDATED !!!
The triangle pattern is broken in gold and we are now looking towards 1740 target.
It's a great buy opportunity. We have been waiting for this triangle to break this whole time. It happened today. :)
After 1740 immediate resistance will be provided at 1760.