According to the SMC and FVG concept, I am seeing bearish momentum in Gold. We have to wait for the proper rejection from FVG to sell the GOLD.
Gold has taken support on its ORDER BLOCK and also created demand candle, which is giving us clear picture of bullish momentum.
I am seeing bearish momentum on Gold towards 3065.
As we all knows that Chin and US trade war bringing gold to more higher and I still believe that it may not pause. Better to look buying on every dip.
According to the recent development between Israel and Gaza, investors putting their money in GOLD and also the tariffs.
According to the fundamentals and technical analysis, I think gold may retrace to go more higher.
According to the H4 time frame, gold is in ascending channel and moving according to it. I believe that very soon we will see gold at all time high. Better to look buying opportunity on it.
This Weekly forecast is based on D1 and H4 time frame. I have mentioned RBR (Rally Base rally) concept on D1 time frame but our setup is based on H4 time frame.
In next coming Im looking bullish momentum on GOLD. As per the technical analysis GOLD took support from the Demand zone which is perfect to rise it.
I am bullish on GOLD. I did an analysis on DXY (Dollar Currency Index) and I found that DXY has little bit more strength then it may fall back and GOLD will rise.
I am looking buying opportunity on GOLD in upcoming week. As per my analysis on Dollar Index, I found that DXY has gap in the bottom. So, later or soon, DXY will fall to fill its gap and if this will happened, then obviously GOLD will rise.
Dollar currency Index took support on its D1 time frame, which is seems very strong and Gold accepted it supply zone from 2087 and now falling down. I am bearish on it. DYOR before taking trade.
On Friday night Gold has strongly breakout its BOX and then went up. As we all know that the war between Israel and Palestine accelerate on Friday and due to this GOLD rise sharply. Now GOLD is at its major resistance 2075. If this level breakout, then GOLD may rise further.
Gold is ready to breakout its all time high soon. As the war between Israel and Palestine accelerate, we may see GOLD more higher. Better to look buying opportunity on it.
I have mentioned all the buying reasons why to buy GOLD in coming week. Do your own analysis before taking trade on it.
Australian Dollar getting stronger against the EURO. I believe that EURAUD may fall from the current price to the 50% level of Fibonacci. Trade at your own risk.
Do not look for sell opportunity on it. As we all know that the situation between Israel and Palestine is not good and the conflict getting rise because other countries are getting involved in it. Every support is an opportunity to buy GOLD.
I am sold it because on D1 time frame market made HH but the confirmation of sell I got on H4 time frame. Hope we will make handsome profit on it. This trade may be long term trade to hit TAKE PROFIT 3.