ZarNegar

Increase or Decrease?

FX:XAUUSD   Gold/U.S. Dollar
2997 17 23
There is still hope for the increase.
Gold             is able to rise to the level of 1251.
There are still opportunities to buy. And I believe that this increase. Will be performed.

Related Ideas

Meru PRO
2 years ago
Good analysis. Am a fan of yours now. Everything depends on FOMC on wednesday. Wondering if the minutes are hawkish??
Reply
ZarNegar PRO Meru
2 years ago
Yes. This week volatility is on the FOMC
But I think the result will be in favor of gold.
-1 Reply
elp
2 years ago
Decrease weather there is dollar strength or weakness. These long term trendlines from observation continue to act as support and resistance. When gold was in its bull market, price would break a resistance TL then backtest it as support and trade to the next one. Currently in its bear market its in reverse. break support backtest it as resistance, then trade down to the next TL support. Currently around 930. This idea I published last year. press the arrow to the right of the chart and it will refresh the chart to add the current price action.
Gold Monthly Trendlines
+2 Reply
elp elp
2 years ago
Gold Monthly Trendlines
+1 Reply
ZarNegar PRO elp
2 years ago
I totally agree with your analysis, but in the long time frame.
In this analysis, the time frame is short and to the next month.
I think a correction is required until 1241.
And after this. Fall to $ 800
+1 Reply
elp ZarNegar
2 years ago
1241 would be at the upper previious trendline, would not be surprised at all if gold traded back up to it.
+1 Reply
Delliks
2 years ago
Agreed, it's maybe a rough ride up but there is no reason why it cannot make over the 1200's again with the next 30 40 days.
+1 Reply
Meru PRO Delliks
2 years ago
If FOMC is dovish it might not require 30 to 40 days to reach 1213. This is my belief.I could be wrong.
Reply
ZarNegar PRO Meru
2 years ago
Yes, up to 1213 a week is enough.
But until 1251, maybe a month is required.
-1 Reply
ZarNegar PRO Delliks
2 years ago
In my analysis. First resistance is at 1213 and the second in 1251.
If gold goes upward, Be sure to hit in 1213. And then to the 1251 level.
Now we are waiting for the gold in 1213.
-1 Reply
maximus71
2 years ago
Good work for together , mr Zar and Elpuerto!! Thanks to both!
+1 Reply
hi my friend
what you think on the dax?
Reply
Comment removed
ZarNegar PRO Stockman
2 years ago
Just wait & Do not rush
Reply
Comment removed
Meru PRO Stockman
2 years ago
Good call ZarNegar ....
Reply
GcNaif MOD
2 years ago
thanks for sharing, this is what i see on gold for coming week.
Looking forward to Buy from 1173  & short between 1200-1205 area
+2 Reply
ZarNegar PRO GcNaif
2 years ago
Good / I agree with you
Reply
VinceR ZarNegar
2 years ago
Increase or Decrease?
liked this one better, 1240ish next
+1 Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out