I indicated three levels of my scenario. Expect Gold to go up to either 1839 or 1847 USD. As it will reach one of this level will look at smaller timeframe how the trend continues. If I see some weakness will look to enter short trade with target 1800.
Gold is respecting the 300-day simple moving average as of late. We just put in a double bottom which tagged it twice after the Silicon Valley Bank Failure which can serve as a catalyst for further upside in the week ahead. Similarities between the current situation and the situation before the big run up which began in 2019 are highlighted using 300-day...
Again dawn for weeks or a even a few months (April could be the limit) before another assault to 20XX$ this year.
No new lows. I dont think it will go under 17XX. But trending down maybe ranging down.
This week tops...first part of the week.
Nothing negative about this chart. Gold experienced a double top breakout on 3/10/23. Normally, I would expect some seasonal selling in Gold around late winter, early spring, but there is nothing normal about this year.
I am looking at a target of gold at anywhere from 2231 to 2407 by year end.
It seems that gold has retested the triangle and now ready for further up move. Till it is above the triangle line all long side trades can be taken. I am just sharing my trend view. Trade can be taken based on individua set up, signal or indicator.
Right now gold is set to break out a W pattern on the daily chart not sure when maybe tomorrow or next week but im be here waiting for this massive move to the upside
Hi every one
gold is in short down trend
27 March Impornt day for gold
53330 Rs is most important leval of gold
gold down side me channel line me correct ho raha hai
Corrective wave
every rise hoke down chalta hai
53300 Rs trend decider leval
Percent R indicator suggested a short (this indicator gives valid entry signals if prior low was below 18 moving average.
Now confirmed with an insideday break to the downside, I am holding this and the bitcoin short position with a trailing sotp above prior days high...
Gold is expensive by fundamental also m30 show clear double top with possible bearish engulfing on neckline
Gold daily still down trend so this is not against big trend entry
As mentioned in our previous post, Gold was mildly overextended and price recovered most the the prior movement.
Gold closed the week above the minor resistance at 1853 and looks to push towards 1873 region or even the 1890 region.
However, if price were to fall below the 1820 support region, Gold may potential dip towards the next support region at 1790.
