FX:XAUUSD   Gold / U.S. Dollar
16639 29 325
Hi Guys, gold             is in a daily consolidation. I am expecting an up move so buying the breakout seems like a good idea.


Trade with care
Thank you for your support.
Comment: 60 min view
snapshot
Comment: Hi Guys this up move looks corrective so i am expecting one more down
snapshot
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thanks for sharing Anil!
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Agreed
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Oh yes, in my radar for two weeks now.. Thanks for sharing
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Silver the same?
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yes silver has a similar structure
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ArtFly anilmangal
Thank you very much,for you replay, I agree that is time for gold but in some circumstances can test level 1200...
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That's the Big Boss I know
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good idea! looks like your break came through
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Thanks Sir, any way to get an update on cad jpy ?
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CADJPY in consolidation after the breakout.
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Any views on GBPNZD, will this GBP pairs has potential to rally from here ?
Thanks in advance.
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Thanks sir any update in oil?
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When there isn’t a clear trend in one direction, the best thing is watching.
tanks for sharing
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Hi Anil, thanks! Is the silver showing the same setup? Can buy XAG at break out as well?
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Hi Anil
Surely agree with you on gold and increase.
But - how do you see the low as around 1242? I see 2 levels of previous low - 1253 and 1207
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I use wave analysis to identify market direction and structure .
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NihalCassim anilmangal
How do you see this resistance around 1275. Minor or major in meeting the chart projections?
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anilmangal TOP NihalCassim
lower degree correction
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NihalCassim anilmangal
Looking at the chart, it seems that Gold price is creating a rising resistance line and it has trouble breaking that resistance. For it to move up it would have to break it clear with a close few $ higher as the resistance seems to be increasing by a $1 a day. That break would then have to act as a support to enable it to go the early $1300s.
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thanks man
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Any chance this could become a flat and bounce from 1265 for another wave down?
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I broke the trendline and dipped back. How u take such trades......
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Axelrod786 PRO munirnadir
Very much still sideways, consolidating, I would wait personally as it's safer to trade. Looking at longs circa 1270, ideally 1278.

snapshot
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Hey Anil, I had a quick question, it broke out of the original channel on 4hr and closed above, and it retraced at 38.2, is that enough confirmation to get in?
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Breakout today.. Good Man....
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It has been bought :) now we patient and wait for it to boom up!
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Where will be the next best entry for those who have missed this?
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