Gold's trend was weak in early trading today. After falling to test the 2303 support level, it quickly rose strongly and directly surged to the 2353 level before coming under pressure. Today's market conditions are in line with our expectations in the weekly review. The weekly review clearly pointed out that we should look long before going short. We should not...
On April 8, although U.S. economic data continued to suppress interest rate cut expectations last week, there were no other significant catalysts in the news except for changes in Israel-U.S. relations and an increase in risk aversion caused by Israel's air strikes on the Iranian consulate. However, gold still hit new highs repeatedly. Although the...
As per the chart, some corrections have been seen around 2352 (which I have posted already) on Gold. So it does. Now buy on deeps around 2310 for the target of 1:2 RR or 1:3 RR.
Silver has given triangle pattern breakout from 26 resistance levels.
Initial target is coming to 30, then 37.5 and 48 (previous All time high).
SL: Daily close below 26.
2040 to 2060 has been a resistance zone for Gold which has been broken now.
Very good Cup and Handle pattern breakout also can be seen on weekly timeframe, target is coming to 2500+ and then 3040+.
Any fall towards 2100 zone would be a good buying opportunity.
SL: Daily close below 2100.
Go through the analysis carefully, and do trade accordingly.
Anup 'BIAS for the day (03-04-2024)
Current price- 2272
"if Price stay above 2252, then next target is 2286 and 2300 and below that 2230.
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk 2% of...
Go through the analysis carefully, and do trade accordingly.
Anup 'BIAS for the day (02-04-2024)
Current price- 2264
"if Price stay above 2248, then next target is 2284 and 2300 and below that 2230.
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk 2% of...
Go through the analysis carefully, and do trade accordingly.
Anup 'BIAS for the day (01-04-2024))
Current price- 2255
"if Price stay above 2233, then next target is 2280 and 2300 and below that 2204.
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk 2% of...
Go through the analysis carefully, and do trade accordingly.
Anup 'BIAS for the week (April 01- April-05)
Current price- 2233
"if Price stay above 2195 then next target is 2250 and 2280 and above that 2310.
"if Price stay below 2195 then next target is 2170 and 2152 and below that 2110.
-POSSIBILITY-1
Wait (as geopolitical situation are worsening...
What is Rounding Bottom pattern:
The Rounding Bottom pattern, also known as the saucer bottom, is a bullish reversal pattern observed in technical analysis. It typically emerges after a prolonged downtrend and signifies a potential shift in market sentiment from bearish to bullish. Characterized by a gradual decline followed by stabilization and a subsequent...
Gold is headed to 2352 and may fall from here but the long-term view is still bullish. Correction may seen around 2140 and will head towards 2550. So buy on deeps.
- Gold has shown a very impulsive move from its point of release
- Gold can continue its impulsive move for long as well
- However, when a ball bounces hard gravity always pulls it back again, apply the same concept here when you think about getting in the middle of a Trend or at the Top
- Similarly wait for a pullback if you are looking for fresh longs.
- If...
this week is gold is huge buying pressure acting
next week small retrice and continew buy acting 2293.72 level is very importent
2267 level breake chance to down side reation
Yesterday, the price of gold hit a new high again after falling back, but it was only about $1 higher than the previous high, and then turned around and fell. Today's lowest point reached around $2,267, and it is currently in the rebound and upward stage. The current resistance level of 2265-2270 US dollars has not yet been breached. The main focus is on whether...
XAUUSD currently trading at 2292
Shorting XAUUSD at CMP with 2320 SL.
Target would be 2230 - 2200 - 2180
Expecting a fall soon!
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
