Okay so, gold has been on the super bullish mode for quite some time :)
Many are saying that it is due for retracement yes it is but according to us it might have some extra room for upside. It did some retracements to 1940-1950 region many times this week and we have found another h&s pattern on 4hr chart and on daily chart also showing a bullish breakout weekly...
GOLD has been on a bull run for quite some time...
Now, where it's headed is it the end of rally yet?
A BIG NO FOR THAT :) WE STILL HAVE LOTS OF PROFIT TO BOOK :D
Currently, prices are trapped in a range shown in the chart here. So, we are neutral on gold for now.
**But again do not short in any condition as it is highly bullish pair.
We have to wait for...
Okay, so what kind of situation do we have on gold right now :)
We have seen that there is an ongoing super bull rally on gold and yes we didn't yet achieve the highs. It's still on buying mode and technicals have no upper major resistance but support it have. Major support is at the 1935-1940 area. So, it's a must-buy region.
So, what should be our plan?
We...
Okay so, gold has been on a bullish run from this year starting... Haven't bought yet?
Yesterday analysis on gold we gave a range in which gold is currently residing for now.
We have seen the price action for yesterday's candle and will suggest you to take long if it satisfies your strategy.
According to me, BUY GOLD NOW IT'S NEVER BEEN TOO LATE
A break above...
This Week XAUUSD traded in a range of 1740-1700 approx. Market have been flat no bulls and =no bears came in action this week.
Our last analysis showing the head and shoulders pattern may be rejected now as the momentum towards upside is not seen as expected this week.
So, what now?
We have been bullish on gold always but this time we might be shifting our view...
The 4-hour right side is up against 8/16/2018 low (1159). 1 hour is turning up against 1669 low. Near-term, while dips remain above 1669 low expect Gold to extend higher.
Past week GOLD showed bullish nature which is still intact no doubt :)
But, it might be forming a head and shoulders pattern in daily chart and on 4-hour chart both are pointing to bullish nature ahead.
According to daily chart, GOLD must retest the 1715-1720 region. But there are high chances that it may rebound from this point too as this region holds support...
Okay, so last time we did an analysis on GOLD didn't end up well as prices broken below 1723. So, if anyone has their positions open in longs then keep it open it will recover :)
This month's NFP data showed a great recovery and have seen its impact on gold very well!!!
But, now GOLD s at a position that no bulls and not even bears can unsee this level as this...
Okay so, what kind of situation we are looking here in XAUUSD pair?
Yesterday, prices fall back to the 1720-1725 region which we told earlier that will serve as a buying opportunity for us.
We were expecting this pullback in gold as prices opened up in a gap on Monday.
So, what should be our plan?
According to us, take a buy position here and our 1st target...
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...
What is the possible scenario here???
According to me, a W pattern may be forming in the 4 hr chart as we know that GOLD prices are still bullish and also the rejection of the downside is seen again and again in the 4 hr chart.
Also, this region holds support too so, buying can be triggered again here. So, if you have a position open in long then keep it open...
Yesterday, gold prices retraced back to 1740 region. Now, as we said earlier that anyone who took a short according to previous analysis then it's a good time to take profit here.
As gold is a highly bullish pair for now. We might have to see the market reaction at these two points that if it hovers over this 1730-1740 area for some time and our strategy...
Okay so, on Friday we have seen day closing at 1741 with 1751 high. We can see that resistance is provided at 1750 level and is expected too as this region holds multiyear resistance.
So, we have taken a short here as we said in our last analysis on gold. But, on the other hand we need to keep in mind that gold is highly bullish and a little overstretched towards...
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 !!!
Okay, so gold has been confined in the triangle for almost 1 month. It constantly made lower
highs and higher lows!!! And 1670-1685 region holds some strong support as price tested this region so many times but always made recovery from there. Also, 1610-1615 region is tested too many times also.
It is clear that if this triangle breaks above then first...
Okay, so, last week we have seen a beautiful rebound from 1671 levels which will be acting as strong support. On the other hand, gains are still capped till 1740 as this level is tested approximately 4 times in the daily chart. So, it is clearly showing strong resistance at 1740. If this level breaks, bulls will face immediate resistance at 1667, but it may get...
As we can see that at the beginning of this week XAUUSD was going down but it clearly got a strong support at 1700 level and we are getting this short triangle nearly ending and its showing upward potential, and if this happens as we thought then after breaking and stabilizing above 1740 levels will give a bull run towards 1800 levels. So, it's a great buying...
