I think gold has made double bottom can buy gold here with sl of 1750$ for target of 1850-1900 accordingly one can trade in Indian market also sl of 45400 for tgt of 48000-49000
We already told previous chart (15 February chart) gold come 1730 nearly and also we told gold soon big down come. Today you see 1770 low now still. Already say gold don't now buy side a come big. Now this analysis chart you see we drawing a arrow and box. We believe gold soon upcoming events 1690 near down possible, because this high movement really fake high...
Gold sellers eye 50-SMA re-test, currently around $1,800, during the latest weakness below 100-SMA. However, any further downtrend needs to break February 18 low near $1,788 to refresh the monthly low, also the lowest since June 2020, around $1,760. The bearish sentiment takes clues from a monthly resistance line as well as a downward-sloping RSI line. Though,...
We may see a breakout in this chart. Gold can fall more
Gold , Before last week, I just named a structure as Umbrella pattern, and it went really bearish with super sell signal, again i marked out today in a 1HR chart with a Small umbrella, which provides a foundation for a bearish move.. XAUUSD may look to go around 1770 - 60 area this week.. let see.. Analysis only for education purpose..
22 Feb 2021 gold 15 min TF (missed) fomo buys monday entry at NY open missed 1 entry and entered at second entry with fomo but a winner x/ITLwMAhO/
The Gold Movement shows a downtrend in long-term, but in daily and hourly we can see it has to bounce to the 183x zone to further fall!! That is just my analysis Cheers
Description: The counter XAUUSD is moving in the parallel channel. The movement of the price is between the price range of 1769.13 and 1960.41. Specifying a particular trend is very difficult when the counter is in the parallel channel. Today the counter has tested the support baseline of the channel and there is no indication for a breakout. The market’s...
Hi Traders, GOLD is taking a support near RTS Zone. I hope you will benefit from this knowledge -MetaVish
Om Namah Shivay XAUUSD in a correction and has move a lot from our previous analysis. In our current review, we see the small short time correction to upside is on the way. Can further go high and a correction or main trend following is expected. otherwise the levels will be broken and we should do re counting. Om Namah Shivay
Gold failed to continue the uptrend so we're in a large WXY structure. Minimum target is the .618 extension of W at $1533 USD but even a price of $1200 USD is possible again. Time will tell.
Midterm forecast: While the price is above the support 1762.05, resumption of uptrend is expected. We make sure when the resistance at 1875.15 breaks. If the support at 1762.05 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A peak is...