Gold:
We had excellent winning streaks this week and I hope you had pretty good week also. I wish to close this week even better.
Price is moving in upward direction and strong bullish. The global *banking collapse* fears and *monetary policy tightening* hinted by the central banks as coming to end soon.
This is fueling the current Gold Bullish movement. As per technical, Price is above 200 DMA, 50 DMA & 20 DMA. On daily Chart 20 DMA has crossed the 50 DMA -*Golden Cross*. This is strong bullish sign.
Price action suggest the Support is at 1980. 50DMA+ 20 DMA is at *1885* as of current which will expecting to be act as *strong support* for now.
Watching the other dollar pairs, Dollar is showing sign of weakness. As I said in my USDJPY analysis, UJ is eyeing below 130.00 at 128.00 after the breakout downwards.
AS we have established a Gold bullish Market. We will look for buy entries only. I aim targets above 2000 but Take profits stage wise.
My target for today is 2010 and then 2030 and 2048. Rest it is Friday market.
Do comment on the idea and Odds
We had excellent winning streaks this week and I hope you had pretty good week also. I wish to close this week even better.
Price is moving in upward direction and strong bullish. The global *banking collapse* fears and *monetary policy tightening* hinted by the central banks as coming to end soon.
This is fueling the current Gold Bullish movement. As per technical, Price is above 200 DMA, 50 DMA & 20 DMA. On daily Chart 20 DMA has crossed the 50 DMA -*Golden Cross*. This is strong bullish sign.
Price action suggest the Support is at 1980. 50DMA+ 20 DMA is at *1885* as of current which will expecting to be act as *strong support* for now.
Watching the other dollar pairs, Dollar is showing sign of weakness. As I said in my USDJPY analysis, UJ is eyeing below 130.00 at 128.00 after the breakout downwards.
AS we have established a Gold bullish Market. We will look for buy entries only. I aim targets above 2000 but Take profits stage wise.
My target for today is 2010 and then 2030 and 2048. Rest it is Friday market.
Do comment on the idea and Odds