TheGoldenCircle

TheGoldenCircle

Price facing resistance at 2000,currently trading inside high volume range (1970-2000) Best scenario For sell:Price need to trade under daily and weekly Pivot Average Best scenario For Buy: Price need to trade above daily and weekly Pivot Average Overall it is good for buy the dip till 1970 is safe , on breakdown of 1970 price can extend the decline towards...

TheGoldenCircle

Gold maintaining the bullish structure and moving higher day by day and now trading above 2000.On Daily TF also it is under bullish pressure and maintaining the HH structure. This week main event is FOMC and before that we can expect some range bound trend but as you know that current gold bullish rally is also supported by middle east war. On Intra day TF watch...

TheGoldenCircle

As you can see that during this decline cycle gold price faced resistance on golden fib zone previously 2 times on daily time frame, current price is also trading under this golden zone for current retracement phase , watch this zone carefully if daily candle close above this then we can expect good bullish move but if the price failed again to break above this...

TheGoldenCircle

All eyes are on on Jackson Hole meeting today, Gold is under CPR, and DXY moving in the higher side without breaks, Let's see whats in Friday's menu

TheGoldenCircle

In Yesterday's trading session, we have seen big bullish spike /short squeeze(correction +Retailer Squeeze + Near to expiry PCR)and gold printed a healthy bullish candle which covered almost 5-session decline. On the price action note now the main task for bears is to breakdown the daily pivot as bulls now defending daily pivot successfully from last 3 trading...

TheGoldenCircle

Price is trading in range on Intra day TF the range is 1885-1905 and from last 3 days price managed to close above the daily pivot and today also currently trading above the daily Pivot, so above daily pivot, there is chance for bulls to re-test the yesterday's high but overall we have seen that bears not giving any chances to bulls in any TF. to go high bulls...

TheGoldenCircle

Gold Price is still under bearish pressure and bulls are trying hard to break out the 1900 psychological level in bottomside 1985 is holding well on intraday TF. If you looking for a sell opportunity then for a Good decline wait it to break down the recent low or wait for rejection on High Volume areas. Buying is still Limited for scalping only.

TheGoldenCircle

If Price Breakdown the trend-line support then next support is at this zone also if price breakdown from this trend-line then we can see some pullback/correction of price on gold

TheGoldenCircle

Gold Still under big sell pressure but as we have seen a steep decline so some retracement is possible but overall it is in bears control . More Info on Chart

TheGoldenCircle

Chart Speak itself , currently on major suport , breakdown will result in more decline.

TheGoldenCircle

Chart Speak itself , currently on major suport , breakdown will result in more decline.

TheGoldenCircle

Gold Price extending the decline cylce and cleary it is under big sell pressure and no sign of bulls in any time frame . As per PA next major support is 1870

TheGoldenCircle

On Intra day time frame the current Wedge pattern is main concern as price is trading into this formation and respecting both trendlines,to see a good move price need to break this structure

TheGoldenCircle

DXY Key Levels pre CPI, Currently trading on narrow range and on trend line support , have to wait how PA going too behave post CPI

TheGoldenCircle

Big day Ahead as everyone waiting for the CPI Data ,as per price action gold is trading under sell pressure and not able to break this decline cycle and we do not have any confirmation of buy in any time frame .So those who looking for buy better wait for good rejection or wait for data ,after CPI if we can see big move(as per past history 400+ pips is normal in...

TheGoldenCircle

Gold Breakdown from important support level and currently trading under that, so more decline is possible under this zone, to go high bulls need to re-claim this area. More Info on the chart.

TheGoldenCircle

XAUUSD Price is still in range and waiting for CPI data for this week . To see a good move price need to break this range. More Info on chart.

TheGoldenCircle

Gold Price is in the accumulation phase and waiting for CPI, but price need a good ground to generate good move on CPI . More info on Chart.