Sharma_1096

Sharma_1096

As in our last analysis we hit the sl that is because of two reason 1. NFP news 2. Tight sl So now we are entering again in new trade with again short analysis and for this previous high will be our sl as it is also the 38.2% retracement from the previous high as in last analysis we had mistaken a little. So everyone get ready to enter in new trade on Monday.

Sharma_1096 Updated 

Today gold has reached our upper target from our last analysis now our next target will start around 1825-30. As we can see high chances of big pull back from 1828 as there can be monthly 38.2% retracement is available. So be ready to enter in new trade

Sharma_1096 Updated 

As we can see gold is now creating some retracement so we are gonna enter again around 1750-60 as there is some 38.2,50 % retracement are available

Sharma_1096 Updated 

As our last target achived successfully now we are expecting gold can move more than 1760+ so we are long for some period of time.

Sharma_1096

As we can see clearly from the char we are mostly expecting short.

Sharma_1096

As we can see gold is in the down trend but mainly it formed M pattern which is gartley bullish pattern so depend on that I am expecting once again gold will touch 1870 minimum

Sharma_1096

As we see in Gold 1D chart it is forming an M pattern, so to complete that M patter gold need to reach around 1807 then it can start move up

Sharma_1096

As gold made an perfect 76.4% retracment that is around 1841 from the previous low 1831 then started to move up. Even that 1831 was the 61.8% retracment from the before low at 1803 this indicate gold is still in uptrend until it break the recent low around 1841 which is 76.4% retracment. So in uptrend I am expecting it will go upto 1919in this week

Sharma_1096

My analysis is mainly based on the fibo retracment . Yesterday gold made an 76.4% retracment around 1841 from the previous low that is 1831 and started to move up again so based on it. It is still in uptrend and can move upto 1919 in the upcoming week