paontakaran

paontakaran

As per technical analysis the bearish Engulfing candlestick chart pattern perform on daily time frame, As per price action below 2186-2187 Gold is bearish & above this level possibility to move upper side.

paontakaran Updated 

As per technical analysis we have seen that the major support zone 1.64400 To 1.64700, Expect to move bullish momentum. Possibility for touch 1.67900.

paontakaran

Yesterday Gold is Moving Upper Side but rejected fib.65% retracement as per mention in chart. If gold break 2037.500-2041 & sustain 2046-48 possibility to move bullish momentum, secondly below 2037.500-2040 possibility to move bearish momentum side.

paontakaran

As per Fib. Level Major Resistance 2030-33,2037-40 If break this level & sustain above 2046-48 that can be possibility for bullish momentum.

paontakaran

As per previous post I have recommended this on behalf of our technical analysis, Now you can see that the trend is going as per marked target.

paontakaran

As per my Technical analysis gold is bearish, I expect to touch again 2000 level as per current Cenario,2015 to 2017 trend line support expect to touch then decline. If gold break the level of 2032 and sustain above this level that can be bullish.