TVC:GOLD Gold price is consolidating in a tight range of 1955$-1967$ on hourly scale. The precious metal has moved sideways around the 50% Fibonacci retracement level (drawn from the June 2 high at 1,985$ to the June 5 low at 1,940$) at 1,965$. The 50-period exponential moving average (EMA) at 1,950$ is providing a cushion for Gold bulls. Meanwhile, the...
On 7th March , GOLD started the formation of a head and shoulders pattern . As of today the pattern seems to have finished forming and is ready to begin its descent .i'll wait for a pullback till 1972.11 till the 200 EMA on 1 hour chart and then take Target till 1913!!
SELL target 1774 Our trade played out nicely for the buy and as discussed we took our sell from that buy target. Our target for this sell is 1774. We are taking our sells with small lots and tight stops, as our overall analysis still expects another Bull run. CHART OBSERVATIONS H1 Chart Ranging between Support 1789 and Resistance 1797 Price and Moving averages...