Gold against Dollar or XAUUSD , After 6th of January , this pair seen slightly bearish and down at 1804 area, this area seems to be stronger support for Gold and brought more buyers into the cycle, can be a start to strong bullish move.. let see how the fundamental supports to go up..
It looks early even Feb looks fabulous for buyers..
This week it has a chance to...
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...
Gold against Dollar , has formed a triangle pattern during the month of December , still we have 6 working days left in this month /year, this pair expected to make a breakout mode end of this week and next week, at least expect to go high of 1969 on Dec 31..
Analysis for education purpose only..
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.
As i shared previously (already attached the link of my idea down there) that I'm expecting GOLD to be long soon and now it is going exactly like that.
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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...
Gold against US Dollar weekly analysis, post election first week analysis shows a bullish view like last week also , this pair looking to go high may be till 1975 - 1980 mark this week, but first few days of the week may see a down side almost it has a chance to touch 1925-1930 price range, then it has all the chance to go up against weaker dollar in...
Gold against Dollar, have been seeing the bullish trend right from the 1st of October, reason could be weakening US Dollar , strong fundamentals have contributing the bulls of this pair particularly US Elections also joins, Last week the sudden rise of Gold is expected to go Long for at least next few days in the coming week.. may be till 15-Oct till at the price...