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...
this idea based on weekly close risk reward 1.313 ( $15 : $37) low risk trade
Feared of height scaled by Nifty ? Why not re balance by booking partial profit in equity and adding Gold to portfolio...?
Every drop was a refuling done by bulls. Will it break 1370~1400 levels?
Buy Gold Around 1272$$-1275$$ Stoploss 1258$$ Target 1330$$$++
Gold Has given reversal on weekly time frame. As per our trade entry rules we had built position at exact low of 1263 on Friday 6 OCT 2017. Harmonic patter reversal : ABCD PATTERN IDENTIFIED ON Weekly Trend Analysis : trend reversal seen at 1260 -1265 levels ENTRY : 1263 Sl :1260 TP : 1310/1330 Gold Has given reversal on weekly time frame. As per our trade...
Gold Long Term Trend Line Test SL 1310
It could be a range bound game for Gold between 1240-1300 zone next. Buying at the bottom of the range & selling at top of the range could be the strategy to be used in weeks till the time it gives convincing break above 1300$ for a new range. Going beyond 1300$ in convincing manner can take it to 1415-1420 $ where gold travels 161.8% of its minute wave...
S-L (Short First- Long Later) 1124$ is a strong level for Gold -against that Gold looks to poke above 1400+ dollars in coming day. An impulsive leg got over at 1265 from 1124 & currently in a corrective sequence which could get support in the zone 1175-1180$ -once confirmed about the support- one can look for a bounce target of 1400$+ in coming days. The recent...
Gold has formed elliott wave and currently cosolidating at 4th point and the expected 5th point would be at approx. 1300 $ which is approx 100 $ up from the current market price. Let's Observe it.
Expect a Healthy Retarcement in Gold, ONLY WHEN Daily momentum turns Bearish
I am expecting Gold to continue falling after the steep correction. However expect a bounce OR reversal from T-2 Zone
Commercials are Bullish but still no sign of Buying. i will Keep a watch on 1100 Level and see if buying interest generates around that level.
Bullish COT. Diverging but still Weak Momentum trying to turn positive. The green technical area barely trying to hold itself. SILVER (posted) looking much stronger. Huge selling behind the present down move. With these conflicting, confusing and diverging signals, perhaps Silver will provide a much clearer future direction for precious Metals Complex. If...