Interest Rates are rising , suggesting an long awaited Inflation will pop up
this inflation will remain in the force of 3 Years + from this 2022 , this will not be traditional Inflation as Global analyst are forecasting
it will be short in nature and spicy too
Expect investments in Gold to drop for a while before it makes turn around
Good luck
size of chart
price ranging trading
1903 my target was reached.
more chances gold going upside potential , Ukraine-Russian war already affect in crude, gold price...
When war starts gold , crude will smart pump.
good luck
1903 reached, next one bull target 1916-1960 (stop loss fix19**)
short target easy , when market rejection seller available on there!!
Im looking short on gold , after impulse price in consolidation i have sell stop order , If you also looking short please like and follow more trade ideas ill post
Bearish Scenario
A sustained move under $1899.80 will signal the presence of sellers. This could trigger a late session pullback into $1861.60, but not necessarily lead to a change in the main trend.
Weekly Candles
Break of Triangle
May be coz of the Russian - Ukraine stand off .
Not a bad idea to book profits from Equity and move to gold for some time
Current market in running between long term parallel lines, now moving to reach parallel resistant, then there is heavy probability of trend reversal upto level of 1820, that means you can hold buy till market reaches 1912-1915, then there must be a reversal, after trend reversal, XAUUSD may come to 1820 but it may take a while
And please be active at 07:00 PM ,...
A sustained move over $1851.40 will indicate the presence of buyers. The first minor target is $1863.50. Overtaking this level could trigger a further rally into the November 16 main top at $1882.50, followed by a long-term 50% level at $1899.80.
Gold marked a stellar decline after refreshing eight-month top on Tuesday, forming a double top around $1,880. Not only the bearish chart pattern but RSI divergence also warrants the buyer’s caution as the higher high in prices accompanies lower-high of the RSI line. Hence, odds of a pullback towards the 200-DMA level of $1,807 can’t be ruled out if the quote...
