EksbalzFx

EksbalzFx

As per earlier analysis suggest for 2025 onwards, Gold is Buy on High.

EksbalzFx

Along with rising geopolitical tension around the world, the world eyes for safe haven for their economy to be resilient. 2664.8 would be the nearest decision point for Gold as of now. Any break to the upside would be possible to long for Gold for buy on high . Breaks south would mean to sell on low.

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Gold just sideway in daily channel & weekly channel.

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As long as key level BRN 2,600 for gold can sustain, this indicates a lot of buyers still in the markets.

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Price moving inside the parallel channel for weekly. Price also showing spike high candle on weekly.

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Gold price moving in the direction of parallel channel czt.

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Still on bullish structure following bigger timeframe.

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With Retail Sales on Tuesday, FOMC meeting minutes & Unemployment Claims on Thursday will provide better volatility for Gold to go north against USD.

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As cooling in US inflation accelerates decline in the dollar, gold and other commodities stand to benefit.

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Assume that the last impulse is Wave 5, now currently making correction ABC. Now price at B thus whaddaya waitin' for?

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Currently price for gold is making correction for A with a 5 wave sequence.

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Gold seems for short to 1840. As per EW principle, now assuming price currently making W4.

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Currently DXY sits atop of critical zone on monthly. This provides the course of Dollar movement for the 2023 period onwards. A reversal that breaks the level 103.00 would be good for the Dollar, while a move beyond the zone downwards would mean the Dollar crash.

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Triple bottom on the daily provides clues for possible change of market structure for Gold.

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1800 BRN for sell gold, as the AO shows maximum convergence. Just wait at the zone given.

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As the daily failed to close above zone and gives us wick, thus indicates rejection on upper zone.

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Wait for price to come in the zone and react accordingly .

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EURUSD looking for long for the intraday period. Probably now making wave 2 of wave 3.