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...
XAUUSD : xauusd is currently going to sell down for beyond the technical analysis XAUUSD sell down
1. Trend reversed into the down trend
2. Continuation Pattern : rising wedge formed..
3. xauusd is corrective wave also completed to going down.........
Gold against Dollar pair , has traded sideways in the month of October , traded between the range between 1874 - 1932, price closes last week at 1902, it looks like the price actions supports the bearish move in the upcoming week, if it breaks the levels of 1880 at the bottom, it might go deep down of 1856 ,
If its not breaks the level of 1880 , then there is...
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...
Gold against US Dollar , price movement of XAUUSD in the month of September So far, is between 1972 and 1928 except once it went low of 1908, but this week , this pair is in the position to break up or down, it seems 3 months old resistance is stronger than a 3 weeks support area, if it breaks above , price may go till 1983,, Else the south boundary...
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...
. There is still a possibility of temporary retracement to suggested resistance line (1982.30). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. XAUUSD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a...
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...