Gold trying to breakout above the descending trendline at 1283. If it closes above 1285 today & sustains then we can see 1300, 1340 & 1360 levels. Keep watching the levels
gold may take support from major confluence point at 1239. we will wait for price action at this level .
Gold currently CMP 1281$; after a major correction is heading back with a Bang. Trying to breach upside of the Triangle and this time it seems Heading for a Target of 1305/1320$. Stoploss for this view is placed at 1270$( weekly closing)
Pivot: 1287.50 Our preference: long positions above 1287.50 with targets at 1297.00 & 1300.00 in extension. Alternative scenario: below 1287.50 look for further downside with 1283.50 & 1277.50 as targets. Comment: a support base at 1287.50 has formed and has allowed for a temporary stabilisation. Supports and resistances: 1305.00 1300.00 1297.00 1292.20...
Gold: As i clearly indicted a Buy in demand zone @ 1226-1227 on May 14 in my previous post, After price recorded 1265.05 has a high & moved to side ways currently price is trading @ 1256, But still there is potential moving on upside till 1274 levels. So it high time lock your profits @ 1244 levels. Happy Trading !!
sell Gold comex@ 1252/1260 cbsl 1267.50 target 1240/1222 whatapp 08106292758
After strong selling from 1295 levels now price has halted near 1216 levels, There is a minor trend line support & RSI oscillator is in over sold, This week we can expect small pull back to upward levels, Upside levels are 1250 area acts as major levels. If any thing breaks above with volume, Fresh Buy build can be seen in those areas, higher levels remains...
gold has hit the trend line finding support for the third time will this support end the downtrend here is my outlook for gold there is good support by the trend-line and as well as 50% fibo (1210.07) on the uptrend targets 1249.25 and 1275.06 alternate scenario if market breaks lower of the trend line and fibo 50% , expected of a breaking down with targets...
Gold comex has broken the triangle currently trading at 1235; i would recommend selling it at two levels 1235 and 1244 stop 1260 target 1220/1205/1198. RSI nad MACD clearly shows gold will dip sooner or later.
Short Gold between 1288-1289 with an sl at 1306.80 for target 1200
Great opportunity If Break 1260.00 going down trend and otherwise going up....
As Gold is trading in tick range from last trading session yesterday volatility dropped to 3 % now price are rising from horizontal demand zone. Even RSI(14) is breaking mid line 50 with better volumes probability chances are high to trade higher prices. As it is in sideways R:R is 1:1.5
Gold' is in a wave 3 now having a minimum target :$1336 ie: AB=CD :D & The next fibonacci level is: $1423 This was my earlier post, the time the resistance was strong:
Our long pending analysis and the most sought analysis is Gold. True, people are worried at uncertain times and economic scenario's around them, so they want to analyse whether Gold will be safe security for part of their investments. Before we go into analyzing the Xauusd, Be clear about the fact we are building a case with our analysis like Chakravuya...