NEED TO WAIT FOR THE CLOSURE OF 4HR CANDLE OR DAILY CANDLE BELOW 1812.
IF IT DO SO WE CAN EXPECT IT TO GO TILL THE LEVEL OF 1775 THEN TILL THE LEVEL OF 1730.
WE WILL SEE A GOOD RESISTANCE FROM A LEVEL OF 1825-1835
After strong resistance facing at 1960, precious metal dipped hard falling directly to 1900 support. 1900 support held up nicely and price is currently consolidatibg around 1915-1920. Our price target of 1958 is just below strong resistance of 1960. If market bias changes and gold breaks 1893 support, our SL is placed neately below at 1890. As a start of the new...
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...
Price is moving into Flag Range and as seen in the past whenever price came near the 200MA(1D) the price Jumps. (Similar situation)
Hoping GOLD now Reverse Back and moves UP.
Gold has been bearish for a long time now and came to 1800 after touching all-time highs of 2075.
So, what's next??
Currently, gold prices are at a support zone of 1800-1780. So, it may be a good time to enter a long here but entry will be taken if the rules are satisfied with the strategy.
We will be looking for 1860 as our target which is now turned...
Price made a huge drop yesterday, and now looks like it’s holding off the 1860 support level, could we see price complete this descending triangle pattern or will we see a continued break and a new trend? Watch out for price action confirmations of both at either the support level or resistive trend line
BUY XAUUSD @ 1876
I will buy XAUUSD because :
It has been taking support at the trend line .
It has touched the trend line 4 times and has not been able to break it.
So will be looking at buying opportunities.
Entry : 1897
Target : 1915
Stop loss : 1892.94
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...
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...