JayKhanna

Gold gearing up for the next move up above $1310

FX:XAUUSD   Gold/U.S. Dollar
We have see heavy selling pressure on Gold             on every top, making it difficult for traders to hold onto longer term contracts. The right shoulder measuring 0.54% as per left shoulder had completed the H&S pattern precisely drawing a top of $1294 (also 50% Fib) , Above which was a target of $1310 and higher.
From what we see is a consolidation until 22nd June, Gold             still has support above $1250 and $1275 where long positions should be initiated. We would watch Price action to reach near term $1250 to $1275 handle to observe carefully how price action behaves within the area
Ideas Scripts Chart
United States
United Kingdom
India
España
France
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 Account and Billing Sign Out