Gold Technical and Fundamental Forecast For Long And Short Term
After Looking At " Daily Chart Time Frames"
1.On 10th October 2018 There Was Rectangle Pattern Breakout .This Breakout is same on Weekly Chart 1214
That 1214 Is Strong Support Point For Gold
2.Recently on 13th Nov it traded one month low at 1196 So It Another Strongest Support
3.Looking at Fibonacci Level .38 any daily close above 1244 will be bullish Trend For Gold Till Target of 1280
XAUUSD
GOLD
On Fundamental Side : We are expecting High Unemployment rate for novemeber month in decemeber report and Higher number of non-farm payrolls Data
Secondly factor Which Can Lead Gold Upside Is Xi-Trump Meet
Third Is Brexit Event
Fourth is G20 Meeting Which Will Be another thing
For Investor and Traders who are looking to go long can go with stoploss of 1296 and target of 1264-1280
1.On 10th October 2018 There Was Rectangle Pattern Breakout .This Breakout is same on Weekly Chart 1214
That 1214 Is Strong Support Point For Gold
2.Recently on 13th Nov it traded one month low at 1196 So It Another Strongest Support
3.Looking at Fibonacci Level .38 any daily close above 1244 will be bullish Trend For Gold Till Target of 1280
XAUUSD
GOLD
On Fundamental Side : We are expecting High Unemployment rate for novemeber month in decemeber report and Higher number of non-farm payrolls Data
Secondly factor Which Can Lead Gold Upside Is Xi-Trump Meet
Third Is Brexit Event
Fourth is G20 Meeting Which Will Be another thing
For Investor and Traders who are looking to go long can go with stoploss of 1296 and target of 1264-1280