Overall it's a descending trend. According to the Stoch RSI, It will continuously fall. So, intraday traders can sell GOLD now nearby dynamic resistance (DR) trendline for the target of 50000 - 49600 . If gold will breakout the DR, don't selloff. At present, we have chances to see the following levels before this weekend: 50560-50700 . Please keep your...
Gold just broke the range it created in past 40 trading session, though wait for the day's close below 1910 levels for confirmation. Next support on daily comes around 1800 level. Major support comes around 1700 levels
Based on Trend Buy and Sell Indicator (TBS), Gold is in uptrend identified by 100 week ma. In the next few weeks TBS is suggesting a pull back into 30 week ma which has proven to be a good support level historically in uptrend. For this chart I have used parameters suggested i.e Trend Moving Average = 100, Support Moving Average = 30, Motivation Buy = 1,...
SAXO:XAUUSD Simple Forecast As described in chart two Major levels 1925&1900. Remember Gold Short Trend Temporary. Future Trend Of Gold Is Up.It Will Go 2200 Till November.
Gold historically had a negative correlation to stocks and other financial instrument. With our reality change we can c gold leading the stock markets? can we point out the reasons? 1. Most ppl hedge their portfolio with gold for Diversification 2. Weakness of the u.s Dollar 3. Financial uncertainty 4. World tension 5. Increasing Demand 6. Geopolitical...
A cup and handle pattern seems like forming on Gold-USD pair on a weekly timeframe. If you watch it closely, its also forming an inverse head and shoulder as I have shared previously. Though the long term outlook is positive, in the short term, a correction looks highly probable.
IN GOLD WE ARE EXPECTING BEARISH MOMENTUM IN THIS WEEK. NOW 1745/60 LEVEL IS IMPORTANT FOR DOWN SIDE TARGET 1701/1670/ THANKS
The market goes back down but a major resistance could limit the fall And don ‘t forget to take your profits…
CHECK OUT MY LAST IDEA WHICH IS GOING EXACTLY HOW I PREDICTED ALSO like and follow and dont forget to share feedbacks
please check my last idea which is exactly going as i predicted here what i am expecting gold next move to be please like and follow also share feedbacks
Entered a Gold position today . Here is my outlook. First Target : 1749$ second Target : 1797$ Please check the comments , I will update this . Thanks
Everyone is thinking gold could reach 1800$ on each OZ. But the trend has been reversal signs already identified on every bigger-time frame. So, Don't be fooled by fundamentals or others opinion
look for long gold near 1600/1590 sl below 1580 target 1786
MY MONTHLY OUT LOOK IN GOLD / LONG TERM SHORT AND LONG GOLD
The up-trend is end. What we are looking for is a sell setup to go short on Gold. Because all the structures has been completed. Maybe, we won't see 1700 again in the next 5 years
Buy stop @ 1571.81 TP : 1572.81 Scalping