TheGoldenCircle

TheGoldenCircle

After gap down opening Gold price again trading near to ATH and price now sustaining on PWH on H1. For sell we have to wait for rejection on ATH area (2755-59: for scalping only right now with tight SL on Intraday No confirmation, No sell) and for next move in higher side price need to breakout and need to sustain above this area and then we can look for buy in...

TheGoldenCircle

Gold price facing resistance at Fibonacci golden zone (2733-39: marked with red zone) and now moving towards the support area (green zone : at Wednesday low), under PDH and under resistance trendline sell is good towards the support area where price seems to be completing H&S formation and the neckline is at 2708-10 area, if price breakdown from H&S formation a...

TheGoldenCircle

As discussed in yesterday's gold update that gold was due for a correction , accordingly we have seen a good correction in yesterday's trading session. Last day price close with a bearish Engulfing candle from a key level (Weekly R1) and now the major support as per volume (2738-40) is going to act as resistance area, also if we draw Fibonacci levels for last day...

TheGoldenCircle

Gold prices extended gains in yesterday trading session for the fifth day out of the last six and reached an all-time high at 2,748, just below of the psychological 2,750 mark. Geopolitical tensions and expectations that the Federal Reserve would continue to lower borrowing costs are helping gold bulls right now. As per price action gold price Invalidated the...

TheGoldenCircle

Gold prices hit another record high during US session, yet it paused its advance amid elevated US Treasury bond yields and a strong US Dollar (But gold ignored the DXY move completely in last week). On daily close as per price action we can see a gravestone doji which can open door for correction. So for today the plan is to sell under last day high , we can sell...

TheGoldenCircle

Gold breakout psychological level of 2700 and now trading above this level after Chinese data ;as per my view buying at these elevated levels is risky (Same goes with sell also : sell is also risky but with proper MM sell seems to be more favorable as per volume distribution ) : So my plan is to sell at every Intra day resistance as per Pivots...

TheGoldenCircle

As expected and as shared on daily updates ,we have seen a good bullish rally on gold again and gold re-tested the ATH level and now facing resistance on Intraday but there is no big indication of good rejection at ATH level: CPR is very extreme today and gold price still showing strength. Today we have some high impact data in US session that can generate good...

TheGoldenCircle

As discussed in yesterday's update gold is still looking good to more higher and gold is following that statement perfectly , as you can see on hourly chart after a small pullback in yesterday trading session gold price took support at weekly pivot (2640) and after that price moving in higher side, for today also the CPR relation is positive and gold price is...

TheGoldenCircle

Despite the strong Dollar Index gold doing good and currently trading near to All time high and still looking good to go higher, on technical basis also, If we watch the daily CPR formation , CPR is ascending for today also + gold price trading above weekly pivot (2640),So technically the price is still favourable for bulls and we can expect continuation in higher...

TheGoldenCircle

As discussed since the beginning of this week that every Dip is a buying opportunity on gold, gold seems to following that and yesterday trading session after CPI numbers gold printed a good positive day closing and now trading above weekly S1 , Weekly S1 was acting as resistance on Intra day. For today the daily CPR relation is positive and price opened with a...

TheGoldenCircle

Yesterday, Gold traded Sideways to bearish and closed the day in the red zone near the price of 2610. On Hourly chart price seems to be forming a new sideways range near to psychological support. On the hourly chart, gold is still trading below the weekly pivot and bulls need to claim this level to see higher price . The FOMC’s Minutes published yesterday showed...

TheGoldenCircle

Gold finally breakdown the consolidation range in yesterday trading session and now trading under the support level (2640) which is going to act as resistance for now ...this is the correction that everyone was expecting, but retailer started crying early and now saying that the trend is reversed ,but higher time frame is still bullish , for any deep correction or...

TheGoldenCircle

Gold price is in consolidation from last 6 days and on price action it is clear that 2640 level acting as good support and breakdown from this level will result in good decline on Intra day.....Now for buy in swing we can wait for price to test weekly S1(2626) or weekly S2 (2600-01) area; For swing buy wait for price confirmation on H4 close or daily close. ...

TheGoldenCircle

Last week gold printed a indecisive candle on weekly time frame ..the current price action formation is a tringle and price will remain indecisive under this formation ..For Intra day we have to wait for breakout (on confirmation) and then we can trade in direction of breakout...Last week we have seen a good bullish candle on DXY , and we have seen that gold...

TheGoldenCircle

Gold is stuck in sideways range this week, Price wants to go in higher side and getting help from the middle east war but DXY limiting the upside potential and currently running with good pullback and seems like going to close the week with good gain and targeting 103 now.....gold also extends its sideways consolidative price move in a familiar range held since...

TheGoldenCircle

Gold is currently stuck in sideways move and circling near to weekly pivot (2650) : on H1 we can see that the price action forming a tringle structure and we have to wait for breakout on this structure and we can trade on the side of breakout for Intraday. For Higher side we have to watch 2685 as resistance and in lower side we have 2630 as support.

TheGoldenCircle

Silver seems to be testing the weekly resistance trendline and a breakout from this resistance can generate a good bullish move in higher side; First target will be 34 and then can go higher near 36-38 area

TheGoldenCircle

Gold remains close to record high and yesterday gold price rallied over 1% and the main reason for this rise is geopolitical uncertainty, driving risk aversion and boosting safe-haven demand for OANDA:XAUUSD ongoing tensions keep bullish momentum alive for new record highs, An escalation of the Middle East conflict could pave the way for higher prices. Although...