boyinjungle

boyinjungle

Gold made a high of 1865.5 on last week. Now there is a lot of selling pressure and today morning though there was very high volume in 15 mins chart the candle size is not affected making the price reach just 1858. This shows the bearish pressure above this. So for today we can have local resistance as 1858 and go for short trades from here with SL at 1868. I am...

boyinjungle

Gold formed a new higher high above 1840. This is a very positive bullish sign. However gold is continuously making bullish candles on dialy chart. So it may show some correction before it goes to make new high. Today I am expecting gold to test the 1818-1815 levels before it tries to go high. The resistance levels for today are 1828, 1837 The Support levels for...

boyinjungle

Today there is very important news on inflation numbers. This will bring big movements in gold. Yesterday gold made a higher high above 1835 even though there is lot of selling pressure above 1832. Price is able to sustain 1832 today. So until US session it will range between previous support 1828 and 1836. Momentum and trend are finally bullish. So prefer long...

boyinjungle

Gold made a higher high yesterday and is testing the 1828 price now. If it can cross 1829 and pass the test then we may expect gold to see new high at 1833. Today also there is no important news about USD. DXY is bullish. So we can hope gold may retest its previous support at 1820 and 1815 after reaching 1833. Otherwise we may not have enough support for bears...

boyinjungle

Yesterday there was no important news. So Gold followed the technical analysis. Today also no news. So I hope gold follows technical. We can also see the volume is very less yesterday. So even though gold is able to make new higher high we cannot trust because of lower volume. The length of green candles is also not much big. All these factors indicate that the...

boyinjungle

Today Gold formed a higher at around 1815 and is immediately rejected giving us a good short position with small SL. There is good support near 1804 and 1798 levels. So we can go for long near these levels with SL 1788 and TP 1815. Momentum is still bearish but trend is positive as we are able to see higher highs everyday. So I suggest to go for long trades with...

boyinjungle

Yesterday the news was positive for USD. This made gold see new lows and reach 1788 level. However the order blocks near this price helped it to pump back to 1800 plus. As we can see the bearish momentum still dominates on gold. I suggest go for shorting today as we are near the strong resistance zone 1811 to 1814. Today we can go for short at price near 1808...

boyinjungle

Even though DXY dropped 0.4% Gold raised only 0.2% This shows the dominance of bearish momentum in gold. However the negative news on USD helped gold to see new high at 1811. However gold was not able to break this reistance yesterday also. But as the bearish momentum dominates it tested the 1798 level and tried to test 1792 yesterday. But due to order block it is...

boyinjungle

Yesterday gold tested the 1808 levels and rejected. There were many hurdles upto 1812. 200 MA, 38% Fib, Strong resistance added to this. Gold is testing its yesterdays support 1798. If gold is able to remain above this level we can expect it to test the 1808 again. If gold drops then it should bounce back by 1788. I suggest to go long at 1798 with SL at 1786 and...

boyinjungle

Gold is trying to stabilize above 1798 levels. The trend is bullish finally as we can see long bull candles since two days. If price closes and passes test above 1798 level we can go long with SL at 1788 and TP at 1812. There is a very strong resistance in 1814 to 1818 range. So we can expect a revert back to Fib 62 percent from there. Today I suggest to go long near 1798

boyinjungle

Hope gold is following these lines and will bounce back from 1780 level. I suggest to go long with SL at 1778

boyinjungle

Yesterday gold touched the 61.2 % Fib level at 1792 and is showing a pull back now. We can see Gold shifted to the value zone below and will probably go for a bull run again in this new channel. I suggest to go long with SL 1774 This is a very good price for buying gold long term.

boyinjungle

Gold broke all support levels and lower level of value zone yesterday. Now it is testing the important support at 1808. If price closes below the 1806 lower low then we can say value zone started shifting to low. For today the test will be at 1828 and 1812 levels. I suggest to go long near 1816 with SL at 1806 and TP at 1826

boyinjungle

Dont consider the path I give as exact direction. I try to show the different tests gold may have before it goes for breakout to next level. So the test will be for yesterday's high 1852, local support 1840, lower level of value zone at 1828, next resistance near control price at 1864 and finally the strongest resistance at 1878 which is also the upper level of...

boyinjungle

Yesterday gold touched levels near 1828 and because of high buying pressure it rose back to its previous highs near 1844. Today I see gold may continue ranging in this range. However yesterday the volume is really good in the 4 hour candle that pushed gold above 1829 and also there was a divergence. Both these factors helped gold come back to 1844 in morning. As...

boyinjungle

Today gold is ranging between the 1844 and 1836 levels. It can test the 1828 level before it tries to break the 1848 high. I suggest to go short at 1842 level with SL at 1848 and TP at 1832.

boyinjungle

Today gold formed a Lower High and we can also see the decreasing volume and increasing price since last 4 candles of 4 hour chart. This means bulls are under pressure and price may come to test the levels of 1828 which is the lower level of value zone. I expect prices to rocket towards 1864 levels from 1828 if there is enough momentum here. This is going to be a...

boyinjungle

Yesterday Gold continued to range above its local support 1838 testing the 1836 but was not able to come near the strong support at 1832. However gold tried to breakout the 1844 resistance and made a new high of 1848 but failed the test candle. However this test candle gave a hint about the bullish pressure because of divergence (High Vol Small size compared to...