As per the analysis of the provided chart, the outlook for Gold suggests potential downside towards the levels of 59260 , 59000 , and 58700 . Traders should pay attention to the level of 59600 , as a crossover and close above this level could signal a resumption of the uptrend. The presence of the 100-day moving average and a parallel channel on the chart...
Good evening gold gang! hope you have all had a good trading day. Nothing from me today as my ranges didnt get broken, but my bullish analysis was spot on. Few traders messaged me with winning trades and thats awesome. What do we have tomorrow then, ok first thing to note is the news. Its a late one so im hoping for some volume in asian and london .. NY is...
Key levels: 47948 - 49290 Gold is rejecting uptrend and downtrend at the level of 47948 . And we don't see a powerful movement in the 2021 year, wherein it throwout the level of 49280 successfully. Here, you will have a strong support level, wherein we may decide about buying or selling. And it is the level of 47948 . Intraday traders can keep buying the...
Ever since Gold touched its all-time highs back in 2020, things have been going downhill. However, what people might not have noticed is how there seems to be a pattern that is in the making. We are on the verge of the end of the triangular formation, and somewhere in October 2021, we can expect a massive breakout. In the chart that I have just shared, the pink...
Gold has started collapsing nonstop after Nonfarm Payrolls data. And it stopped at my ' tested many times ' level. XAUUSD has recovered 50% almost in the previous week. The gold spot needs to break the 1793.6 level to start an uptrend. Afterward, it will go for 1806 - 1826 levels. And these levels can push the gold price up to 1900 . But if gold breaks...
On 16 July, gold has crashed over 60$ during the FOMC event. At that time, Commodity Futures Trading Commission (CFTC) data was highlighting selling pressure. GOLD - COMMODITY EXCHANGE INC. FUTURES ONLY POSITIONS AS OF 07/27/21 (CONTRACTS OF 100 TROY OUNCES) | OPEN INTEREST: 500,187 NON-COMMERCIAL & COMMERCIAL...
TECHNICALLY GOLD TREND BULLISH CONTINUE, IN THIS LEVEL KEEP BUYING IN GOOD FOR NEXT FOUR MONTHS,GOOD BUYING AREA SEEING IN 1870-1850 LEVEL. KEEP STOP LOSS 1840.TARGET 1930.
As per the chart above, gold is trying to take a U-Turn. It can slip for 47460 – 46760 – 46260 levels. As per the S-RSI, it will start running upside soon for the dynamic resistance level of 53900. Hence, targets: 49560 – 50000 – 52000 – 53000+ Don’t forget to keep your eyes on downtrend level 46260 .
For intraday traders: If that is a right shoulder, C (T1) and C (T2) are the next targets. S RSI is confirming the downtrend by crossover. For the long-term investor (Hurdle Breakout): T1: 47560 T2: 47260 T3: 47000