XAUUSDANALYST

XAUUSDANALYST

with the current news event on rise with another rate cut upto 100 basis points, we can clearly see that gold is no option for investors to hedge their risks. A good buy zone can be seen from 2625 levels to accumulate and hold for rise in coming new trading sessions. Buy can be done only if the retracement below 200 ema is clearly seen on charts . We should...

XAUUSDANALYST

Price has broken previous higher highs and almost taken down all the sellers which were hoping to stop the gold on 2650 limits. Gold is still posing a strong buy zone and there is no scope of downward momentum on the charts.

XAUUSDANALYST

The speculation in prices are based on fed previous rate cut by 50 points but the current price upside is fueled by more news coming from fed that 100 points cut is on card by year end . How ever as we all know 4 more months on card exist .. so it's better to scalp the trade upto 2650 and then wait to enter short incase and until the price again doesn't fall...

XAUUSDANALYST

The potential upside is strongly indicating that gold prices are no way going to settle below 2600 $ on immediate basis. The fundamental cause for this rise is was already portrayed last year on 4th December 2023. The sharp drop in gold prices on December 4, 2023, was the result of a few key factors converging to drive significant market volatility. Profit...

XAUUSDANALYST

As per yesterdays life time high Gold was taken down with a serious of hard selling almost 60$ downfall. The current swing high and swing low zone is approx. 50 $ price gap. Gold is yet to test higher highs and we expect the Gold to hit 2800$ in coming 2 months.

XAUUSDANALYST

As quoted yester day about 41 $ downward movement, today we can see that its already 28$ low from gold 2 days previous high. Gold will have to take a break of atleast 40 % retracement downward from its recent high in order to take new high. FED interest is already booming the gold up, but to boom up streams gold as to accumulate buyers from fair value price....

XAUUSDANALYST

What I believe is before this to happen ie all say gold to sky rocket high, i believe that gold will trash down drastically around 40$ from current high ! lets see can this happen ?