Gold price is widely followed in financial markets around the world. Gold was the basis of economic capitalism for hundreds of years until the repeal of the Gold standard, which led to the expansion of a flat currency system in which paper money doesn't have an implied backing with any physical form of monetization. AU is the code for Gold on the Periodic table of elements, and the price above is Gold quoted in US Dollars, which is the common yardstick for measuring the value of Gold across the world.
Not much change ,levels are almost same as yesterday. I will be looking to short this at two place/s , the first one is between 1195-1200 area for targets 1188 and the second one below the small trend line at 1192 for target 1188 and 1183.
Clone Levels:
down side: 1199-1194-1188 -1183
Upside: 1199-1204-1210
Note: This is not a trading advice , please do your ...
Gold still inside channel down pattern, and now perform Bearish flag pattern and its already break down.
This pattern projection at 1165, and we have maximum bearish target at previous support at 1128.
Note : Bullish will perform only if 1203 breakup
Good luck
As per my analysis back in Dec 2016, Gold was hovering at strong support that dates back all the way to 2006.
It has again reached that very same support and there's a high probability of an uptrend from here onwards towards a target of 1350 for now.
RSI was not as heavily oversold in Dec 2016 as it is now.
Please refer to my previous ...
Unbelievable that fed and their master Donald Trump administration trying to make sanctions for gold...
It wont work.We wont sell our golD.. We will sell US DOLLARS..
TP = 1,201 and the 1,196.20 extension hit, as the 4H Falling Wedge aggressively broke to the downside (oversold RSI = 20.705, STOCHRSI = 0.000, Williams = -96.604) since DX broke 96.50 and is currently steadily trading near 96.70. A new 1D Channel Down has emerged on Gold (oversold RSI = 24.320, MACD = -11.440, Highs/Lows = -19.1835, B/BP = -32.8780), which can ...
Gold Forecast And Technical Overview
Fundamentals: After testing the 1218 resistance, the Gold price dramatically dropped and broke below Fibonacci 61.8 of the 2016 rally.
The last major Gold rally occurred at the end of 2016 when gold gained roughly 240 USD as it traded from 1,124 to 1,363 in September of last year. After reaching the high, gold prices ...
Gold is touching 1180 to close a previous low Jun 2013, once this is closed will have no reason to go further below. It doesn't have to be 1180 exactly, give it 10 - 15 move, depends on the selling pressure at that time.
Then a rebound is expected to start with 1220 then it will continue up to 1300+
If you agree, leave a LIKE.
GOOD LUCK
Technical Outlook:
The daily chart setup in Gold is probably suggesting that the metal could be consolidating within a potential triangle in a broader view as shown here. According to the wave counts, the yellow metal is potentially nearing its wave D termination around $1188.00 levels. The symmetric triangle consolidation, that began from $1046.00 levels in ...
Our long-term GOLD projection must first overcome the first line of resistance placed to continue with the pattern which should become support sometime later.
We are being affected by the increasing value of USD. All indicator show terrible. After suddenly dropping we need small up correction before keep dropping.
Manage your money and keep calm before entry any thing!
