ZarNegar

Increase or Decrease?

FX:XAUUSD   Gold / U.S. Dollar
3001 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.
Good analysis. Am a fan of yours now. Everything depends on FOMC on wednesday. Wondering if the minutes are hawkish??
Reply
Yes. This week volatility is on the FOMC
But I think the result will be in favor of gold.
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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
Gold Monthly Trendlines
+1 Reply
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
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elp ZarNegar
1241 would be at the upper previious trendline, would not be surprised at all if gold traded back up to it.
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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.
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Meru PRO Delliks
If FOMC is dovish it might not require 30 to 40 days to reach 1213. This is my belief.I could be wrong.
Reply
Yes, up to 1213 a week is enough.
But until 1251, maybe a month is required.
-1 Reply
ZarNegar Delliks
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
Good work for together , mr Zar and Elpuerto!! Thanks to both!
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hi my friend
what you think on the dax?
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ZarNegar Stockman
Just wait & Do not rush
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Meru PRO Stockman
Good call ZarNegar ....
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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 GcNaif
Good / I agree with you
Reply
VinceR ZarNegar
Increase or Decrease?
liked this one better, 1240ish next
+1 Reply
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