Mhgoldfx

Mhgoldfx

gold has met daily declining channel resistance line, pretty sure to decline to daily rising trend line near 1700 area

Mhgoldfx

clear rising trend line break , target would be 1706-1690-1678 support

Mhgoldfx

above 1747 target 1766-1782 below 1727 target 1706-1690 trading in a correctional move

Mhgoldfx

Gold has found strong support level around 1720-1725 area, moving in a rising channel target area 1750-1765

Mhgoldfx

Gold is now getting close to weekly rising trend line support, let see its reaction here, mostly chances are of a bullish move as it is oversold in each TF.

Mhgoldfx

Gold tested strong support and now pulling back, here we need daily close above 1775 for bullish move confirmation, if gold stayed above 1860 then we will see 1830 in coming weeks open 1770 target upto 1830 sl 1860

Mhgoldfx

A strong horizontal support may pull it back to 1807-1810 level

Mhgoldfx

we have two scenarios of gold right now, above 1830 price will touch 1850 resistance and will move down to 1800 level if it broke down 1810 then it will touch short term support @ 1795-1800 and then grow and will touch upper declining trend line @ 1850 over all trend is bearish for gold in coming months press like if you agree with my idea, my previous forecast...

Mhgoldfx

price moving below daily rising trend line and also facing resistance of declining trend line

Mhgoldfx

Gold is trading out of rising trend so we expect more downside move to 1765-1750-1680 levels in coming weeks, going to short it from 1820-1825 level.

Mhgoldfx

Gold is bearish as it has no power to go up, it touched several times rising trend line but failed to pass 1875 barrier and declined after touching declining trend line(red), so below 1832 we will see big fall to horizontal supports areas. press like to support idea if you are agree thanks

Mhgoldfx

gold has taken big correction after falling from 1959 to 1802, i think it will fall towards 1765-1720 level soon. upper declining trend line is still going valid so if price failed to stay above this line then a big fall you will see soon. short it at cmp sl 1877 targets 1817-1765-1720

Mhgoldfx

Here is 1830.00 level of decision for gold, below it we will see 1775 And stay above 1833 will lead to 1865 and 1900 in coming weeks, trend seems bearish right now, most probably breakdown is expected ahead of monthly closing today. let see what happen.

Mhgoldfx

after falling to 1802 level gold still have not retraced much as retraced previous falling and retracements, medium trendline has been broken before so it has not much power to encounter bulls, the target is upper declining trendline, Gold also forming inverse H&S pattern so i expect price to take a dip to 1830-1833 level and then will move towards 1925-1930.

Mhgoldfx

Gold last week closed at 1854, right now if it could not cross 1864 level first then it will fall towards 1828-1830 support and if it stay above this level then will go towards 1870-1875 level, will face declining trend line(blue) and will make a fall towards 1818 level first and then 1775. Sell is recommended with sl of 1880

Mhgoldfx

After breaking a strong resistance 1863 gold reached 1870 and till now staying above 1863 (that has become a support now), next channel resistance is 1880-1882, at this point buyers will encounter with sellers and most probable is the gold will drop from this point to 1860 area, will get a trend line support and again will go up, if could not stayed above 1882...

Mhgoldfx

need a confirm rising support to go up

Mhgoldfx

A clear H&S pattern is forming, trend line support stands @ 0.7725, best level to buy 0.7720/0.7730 with target of 0.7900