ZarNegar
Long

1300 The Gold Target.

FX:XAUUSD   Gold/U.S. Dollar
3169 20 29
Gold             prices hit bottom - 1157 price support level and we do not expect to fall.
Gold             should go upward and reach at least until 1247.
1215 resistance will be broken next week. It is a fact that the decline is over.
The next few months gold             target re-entry into the channel in 1300.

Mojtaba
2 years ago
Hi Dear Professor, Thank you for this analysis.
+1 Reply
vahid...
2 years ago
Hello . very very good ... Thank you for this analysis.
Reply
alvin.cardona.77
2 years ago
Mate the minute, minor and intermediate EW cycles are showing possible further down. Do not know if you believe in Elliot theory but that is what it is showing at least. Why are you stating it as a fact the decline is over pls? thanks
Reply
ZarNegar PRO alvin.cardona.77
2 years ago
I do not believe in Elliott and Fibonacci just my opinion
Gold fell below the oversold regions. and It was stupid of gold.
+1 Reply
mucahit06
2 years ago
what happened to that analysis: isnt available
Opportunity for sale
Reply
ZarNegar PRO mucahit06
2 years ago
That pattern was canceled . Because it did not rise until 1247
Gold must be removed from the oversold area but not out

Now the pattern has changed and can not continue to fall
The previous trend is finished and now, gold should start a new trend
+1 Reply
sekhar69
2 years ago
Hello Friend,
With US Fed interest rate hike in the perspective. With any Positive news for Dollar, gold is expected to touch new lows. Two possible chart formations are expected here. One is a double bottom testing at 1132 level and /or a Head and Shoulders pattern with a pull back rally to the second shoulder. 1178.06 could be the immediate fib retracement. Fall from 1178.06 would confirm further direction????.

Rgds,
Sekhar
Reply
ZarNegar PRO sekhar69
2 years ago
I think the gold back to the 1203 level at this week.
Gold jumps quickly and does not allow to create a double bottom.
Wait and watch the gold rises rapidly until 1215.
+6 Reply
Sharky8899.
2 years ago
Hi friend, i was watching the weekly, and noticed that the stochastic did perfect cycles from top to bottom, in the recent years of the bear market, currently it shows that there i more downside, backing it with recent seasonal trends, gold tend to decline until mid/late April, been the case for some years, also it broke the major trend-line(if you draw a line from the lowest nov to the low at januay) signaling a trend shift,. How can you be so sure that there will be a bounce here?
Reply
Sharky8899. Sharky8899.
2 years ago
But one thing you have going for you is that the COT reports, or the last 3 shows that the commercials are taking the opposite side now, going from huge bears to covering shorts and going long. Only time will tell if the commercials are to powerful.
Reply
reedake
2 years ago
Good call on this one, I closed my short position when I saw your prediction and the reversal begun immediately after!

1215 is a big climb for just two weeks, do you expect a steep rally in coming days?
Reply
kevin24x7
2 years ago
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sheikh.khawar.3
2 years ago
no
Reply
sheikh.khawar.3
2 years ago
gold 1155 -1143 coming
Reply
sheikh.khawar.3 sheikh.khawar.3
2 years ago
gold only buy after july
Reply
Bluetradingfx
2 years ago
What would be SL is opening buy now inside the green triangle?
Reply
julius.tsui
2 years ago
cool cool cool...many thanks. i just bought some gold but it goes down...panic panic ..... :)
Reply
nice! does this also indicate that the US dollar index will begin it's downward trend move?
Reply
Bluetradingfx kasey.elliott.7731
2 years ago
it started indeed :D right now i will start buying gold the dip and selling us dollar every top
Reply
Bluetradingfx
2 years ago
Hi ZarNegar, is this analysis still valid including that low was rejected from below 1157 actually? thanks
Reply
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