Symmetric Triangle Good to sell below 1127.80, resistance 1132.25, supports 1122.51, 1111.89.
Buy at CMP 1130. Stoploss Below 1121 Target 1 1142 Target 2 1157
$GOLD Resistance: $1200 Support:$1117 The drop is supporting near 0.618 retrace level where it can make small pull back, but it has to come down further for a console. My best prediction on gold was in late 2006, when gold corrected to 542, Adrop of nearly 194 points in june that year.so I could calculate a 2.618 Retrace,and the top was 1032 in march 2008. Those...
Will Gold shine after FED news? Gold continuously trading in a downward channel, forming ending diagonal pattern. Need to cross 1165 on upside.
Gold - XAUUSD is Possibily forming an Ending Diagonal in a Wave c of a-b-c correction which will also potentially complete Wave B or 2 of larger Wave Count completing the correction of over all rally from 1150 to 1375. Gold has corrected in a 3 wave decline and is not around 61.8 fib retracement levels. MACD is giving Divergence on smaller timeframes 240/60 giving...
HOPE TEST 1140 BEFORE OR AROUND FED MEETING AFTER MEETING WHO KNOW
gold can tgt HS or can turn bullsh.. FED might not inc rate then dollor will test 91/89 area then gold will rise
if here find sign of strength then upword move 1300 level.fundamentaly gold bullish due to festive season in asian countries
Resistance zone...1302-1310.....expectecd target...1205-1210......
In 30 Minutes chart Gold broken the channel and trying to take up move one can buy above 1261 for the upward journey. Gold will take a bull run so I'm not giving any target.
Downward sloping channel observed in Gold hourly chart. Short trade can be initiated with good risk to reward ratio (1:3) making low lows & lower highs.
Gold (07.10.2016) given downside breakout from triangle pattern and broken all minor support, channels , tradeline & fall sharply & reach to a multiple support zone. While in the current gold market on one talking about bullishness , we have identified a zone where bulls most probably come into play once again. Area around $1249-1242 associated with multiple...
rounding top formation assumed to be over with X as 1250. rational buy
It is been observed that the price action was ranging in a symmetrical triangle for a while. Now, the price action finally breaks out from the triangle, indicating strong selling pressure. The price shall now further move down as measured to the height of triangle. Short after a pullback to previous support of the triangle as marked.
Gold (04.10.2016) fail to provide a breakout from $1248-1250 area & thus fall sharply towards $1308 support. However now on intraday basis support is broken & it will be very interesting to watch the next move. Either gold will retest/recover above support turned into resistance or fall will continue towards next support level around $1282 followed by $1265. Tip...