aravinth_a

aravinth_a

Double Top and Bearish engulfing candle in gold. It is at Fibonacci 61.8% Zone

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Gold is ranging the whole year after the spike in 2020. It has dropped 1680 after the 50% retracement from the trendline previous 2 times.

aravinth_a Updated 

Gold has broken the channel. It might test 1810. Any reversal pattern at 1772 or a break above 1787 can hit 1810.

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Since the ranging market since July this year gold finally broke 1834 this month. It failed to hold above 1834 . I expect a pullback below 1757 before continuing downwards to 1700.

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Gold is ranging for a year. It has not broken the high but has formed lower highs without breaking the low. It may touch 1700 and might rise a little by the end of December. 2021 most probably is a red candle for gold.

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NZD/JPY has broken out of a Inverted head and shoulder. Possible bullish trend

aravinth_a Updated 

There is a possible start of bullish trend in gold. The MACD crossover at daily chart and 50% bounce from the fib retracement level

aravinth_a Updated 

Possible bullish move

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Gold has rejected from the upper trend line this week. The weekly candle gives a signal for a shortfall to 1740 to 1720 support area

aravinth_a Updated 

Formation of bear flag has a high probability of downward move.