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...
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 !!!
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...
Gold is looking much stronger after breakout of a long term bullish channel. It is trading at a 10 year high, and fundamentals support further upside. Buy the dips, with a stoploss of 1660 for positional longs and 1696 for intra-day longs. Try to keep big targets 1840-1920, follow trailing stop loss system once it is above your buy level. As you know, we...
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...
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.
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...
After Friday's doji prices are falling but got a good support at 1705. Prices may take a downway to 1678 approx. which holds a strong support, if broke this then we may be seeing 1640 levels or may be all the way back to 1600 AGAIN!!!! but this have low chances due to the bullish pattern. So, 1670-1680 will be a good place to buy gold again with a target of...
Long GOLD Above-1459$ Stoploss-1449$ Target 1-1472$ Target 2-1483$
According to my wave count ( Elliot wave) we are going to see wave 5 soon after wave 4 will be sone at the level of 1440-1430 so we can have long position from that point by taking stop loss 1400 and target as explained in the chart. this is just a view which is only for educational purpose, please don't invest until you have some financial advice from an expert.
we can long here for target -1331 and 1349 and stop 1265 ,after complete pattern then again buy at 1228 -1230 levels