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...
Gold is currently trading near a pitchfork channel res: & at pivot top resistance 41264. A pivot support is down near $1195
short gold with shiv @ 1257-1258 sl 1262 trg 1254 1251 1247 before trade do own analisis
On crossing above $1240 gold will be bullish below $1220 it will come down again to $1127
for educational purpose only - buy gold here 28000 with sl 27930 tgt 28650.
Gold has given a strong impulse move up after the FOMC decision last night. Might start retracing from 1232. Correction: I have mentioned it as bearish butterfly in the Chart, I meant bat.
for educational purpose only - gold is showing signs of a bounce back upto 23450. buy here at 23150 with sl of 23075
Entry-1190-97 tp-1290 and 1290 to 1150$ will be come in 2Q