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...
Reason for the trade is simple 1) Double Top in 30 mins as well as daily 2) Break of the neckline 3) Retracement to Golden Zone
Xauusd breaks the trend line in 4 Hrs chart and retrace the broken resistance, If breaks the below support levels then we can expect gold to 1470 ounce.
XAUUSD has made a long term correction which now seems to be complete on the upside and a decline is inevitable which would break the previous lows and go towards 900 for the target. This would take several months or a year to play out.. Happy Trading!
Gold is favored to have ended the cycle up from 8/16/2018 lows where the daily right side is up. The 4 hour is turning down against the 2/24/20 highs at 1689. While below there the metal can continue lower to correct the cycle up from the 8/16/18 lows.
Hey, We can see that last week's gold prices were flat, but this week it can go down to 1488-1480 again!!!!! but my suggestion is to strong buy at any price close to 1480 for 3-4 days holding and for intraday 1486-1487 will be considered safe. The market will open for down about 2-3$ but it will rally up, I attached the resistance levels too.
Short Signal Entry ~ 1480.00 Stop Loss @1491.00 Take Profit @ 1450.00 This Entry Based on HS Neckline Breakout's Retest Level.
The shiny metal went past the 1355 level on friday and on the same day reverted back to end the day on a negative note, which indicated that the buyers ran out of steam. Today, the prices breached the immediate intra - day support of 1337.88, which further supports the bears. Moreover, on daily basis, the prices are showing divergence with the RSI indicators,...
Here is what i feel gold can do lets hope for best
Gold is in big bear market and i am giving you an idea and a prediction of what could happen next. exit condition = breaking ema 21 or 1330+ area and just wait for an update. Big bear has not been played out yet
Gold pair moved higher but still remained in trading range after holding support level on Tuesday.Stronger than expected US home sales buoyed the dollar, which continued to move higher on Wednesday. As technically the Gold trading in the range of 1260 to 1285.00,Prices appear to be forming a bear flag pattern after breaking down last week below support near the...
1. we are only entering a correction phase when equity price / vaue of an asset depreciates and classic economic theory suggests that Gold is appreciated when asset prices starts to weaken. But the performance of metals (especially, Gold ) was not at par with the rate of Asset depreciation. Plus, in my view, we may see crypto assets which may take a charge in...
1. we are only entering a correction phase when equity price / vaue of an asset depreciates and classic economic theory suggests that Gold is appreciated when asset prices starts to weaken. But the performance of metals (especially, Gold ) was not at par with the rate of Asset depreciation. Plus, in my view, we may see crypto assets which may take a charge in...
1. we are only entering a correction phase when equity price /value of an asset depreciates and classic economic theory suggests that Gold is appreciated when asset prices starts to weaken. But the performance of metals (especially, Gold ) was not at par with the rate of Asset depreciation. Plus, in my view, we may see crypto assets which may take a charge in...
1. we are only entering a correction phase when equity price / vaue of an asset depreciates and classic economic theory suggests that Gold is appreciated when asset prices starts to weaken. But the performance of metals (especially, Gold ) was not at par with the rate of Asset depreciation. Plus, in my view, we may see crypto assets which may take a charge in...