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looking at the chart and price action combining fundamentals together I see gold could almost reach near to life high ( no where i say it will make a life high) IN NEXT 1 AND HALF YEAR ( 18 months) time period
Channel coincides with previous pivots from 2012 and with 0.618 Fib also with oversold oscillators suggest its a top. So just short it with tight stop, R:R is nice. BTW I'm bullish on GOLD for coming years. A retracement to Movings averages is a DIP, so position yourself accordingly.
All those who think that this rally can't be sustained because of stronger dollar must think again. All fundamentals are against the world economic growth. Crudeoil shock is the only thing that can put check on stagnating global economy. Trade war is silently eating into world trade and economic growth. IRAN & US are making headline every alternate day or week....
Bearish Butterfly Harmonic Pattern in 1330-1335 Zone Downside Targets 1310/1300 Support Zone 1295-1300
Buy Gold at 1290 for a target of 1330 and 1350. SL at 1280
As per the previous updates on the blog & other social media that Gold will soon HIT $1285. Today trading at $1285, So further in this week. If closes below $1275 Then the further move will towards $1257 & $1244. So, For Bears Today is a Good day to book there shorts with $60 points & sit relax for a new entry. For Bulls they can put the stop loss of closing...
So as per my previous posts gold hit $1294 So now we are waiting for $1285. Further will update. Utsav Babbar
Gold Update: Hello Everyone, Gold is moving in the range as defined in the previous posts which you can see on my blog marketfightersequity.blogspot.in . So the bulls & bears all are silent now because of the monthly closing is on the way. If you are holding shorts then keep same stop loss of closing above $1372. For Bears, day closing below $1322 will be a...
Trading Strategy Plan A Plan to Buy in 1310-1312 Going Below 1310$ Plan B Plan to Buy in 1300-1303$ Note No Buying below 1300$
Trading Strategy Plan A Resistance in 1275-185 - Look for pull back zone 1250-1255 $ Range Plan B Once 1250-1255 $ Range Holds then look for Buying opportunity for 1275-1285 $ Range back Plan C Moving above 1285 $ mark & holding above 1285 -look for upside target 1300 $ Plan D Moving above & holding above 1300 $ mark -look for 1350-1375 $ target...
19:25 Hrs 17th Sep 2018 Last Price@1205.5 Important Resistance Zone - 1205 -1210 $ Since 2016 lows at 1045$, it has been moving in choppy fashion sideways and we are looking for higher moves next on long term basis – target zone of 1350-1375 which could be plausible within time period of 7-9 months ahead. Short Term Strategy- 07:45 Hrs 17th Sep...