We can clearly see a full extended range of 1830 to 1726 We have hit our 1818 level resistance. This level at 1818 holds well when EMA5 holds below 1806 and is not dragged up and only the price is able to challenge the level without breaking. If EMA5 breaks this level (1806) that will give price enough momentum to break 1818 level and beyond. This will give us...
Price has broken outside the trendline which opens 1806, 1818, 1830 but resisting on a EMA5 strong turn resistance. If we do not get confirmations via our Goldview setups then it is likely to break back into the channel and target 1787, 1777, 1767 and then 1748, as these setups have already had some activation. We will keep you posted on how we manage this...
PROJECTION - 1787 has now been broken with our EMA5 moving average. 1778 has been broken with price but still supported by EMA5, which opens a window for sideway movement. We may see our self in a short term range of 1787 to 1767. After this consolidation we are looking for a breakout. The two range open to us once we break out this range are on the downside...
This is an overall view of our chart clearly marking strong support and resistance levels using the EMA5 gold turns. These levels are drawn using the EMA5 moving average and back testing shows how well this is respected on the gold chart. We have also drawn some overall channels using the EMA5 gold turn. We have found channels to be respected more accurately...
The reason why we feel GOLD may Rise. * On weekly basis it has just started moving DOWN * To SINL and come near 1228 levels * Stoch RSI (3,3,14,Close) is Sinking. * RSI (14,CLOSE) is Sinking. * CCI (20,CLOSE) is Sinking. Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our SELL call shall be from SELL BELOW :1245.09,...
DJIA is expected to sink now. There are many reason why we feel it may sink. 01. It has CLEARED quarterly TARGET 02 level. and may come down for a bounce back soon. 02. Bearish Engulfing in daily Chart. 03. To sink and come near 1204 to 1197 levels 04. Stoch RSI (3,3,14,Close) clearly states it may sink. 05. RSI(14,CLOSE) Is also of the same view. 06....