MRG0LD2

MRG0LD2

Market correction phases is almost over and now it will go further high. Technically the current supporting area is 3360 to 3355 while the second supporting area is down at the 3305 position. but market is in a rush to hit a new high due to the geopolitical tensions and economic drop in US has boosted Gold. Further in this week gold can possibly cross 3500 as all...

MRG0LD2 Updated 

Inverse head and shoulder pattern indicates bullish storm ahead. Technically the supporting areas are 3250 and 3230 that means market is above its key supporting areas further after dropping back to 3250 position market on Thursday market again tried to drop but could not break 3270 position. Now the buying area would be 3270 and 3250 and if market breaks the 3327...

MRG0LD2 Updated 

BTCUSD pair is at the key supporting area of 103000 and the next and even stronger support level below is 101400. From the current position market will go high and will face the resistance of 106500 while the breakout of 109500 will be the route to our target. Support Levels 103000, 101500 Resistance aeas 106400, 109500 Buying Areas 103000 and 102000

MRG0LD2 Updated 

xauusd pair is currently bullish but there are multiple areas that market has not tested. from this area of 3365 market can drop back to 3285 to test the lower areas. Market has to correct itself. The supporting areas are 3316 and 3287 as market has supported the gold at the both positions previously. Technically at the moment the resistance is 3365 which can...

MRG0LD2 Updated 

btcusd pair situation is bullish as market is showing support at the postion of 106000 while there is only one resistance 112000 now if market breaks this area then we will see a new high close to or above my target 114000. after hitting high market has not dropped enough which indicate that market is not yet done with the new high. Probably profit will be taken...

MRG0LD2 Updated 

due to the drop in dollar index the chances of oil prices getting higher has increased and from the current price usoil can reach 65$. Currently oil just need to break 62.11 to set a ground for bulls. oil is at its supporting areas and after dropping that much high now its the chnace for oil to gain some value. the supporting area is 60.00 while the 61.50 and...

MRG0LD2

after opening up with a gap market did not drop enough and has returned to its bullish trend. Today market tried to break the 3323 area but could not and formed double bottom and since than gold is going higher and higher but slowly due to the low liquidity today. but if gold continue to same bullish trend than it will fly to hit 3435.

MRG0LD2 Updated 

btcusd market is bullish but after hitting a new high it might retest the lower areas again and then push itself up hit a new high. i think market might drop back to 106500 and 104500. market can use these supporting areas to hit a new high. Technically market is bullish now the only resistance ahead is the new high that market has formed and to go further high...

MRG0LD2 Updated 

in the last few days market has tried to reverse the trend. as it tested the 3244 position after hitting the lowest low 3120. after forming a new high market dropped back to 3155 but again it got closed above 3200 position which gives a green signal for buyer. Market can hit 3345 easily if it breaks the 3260 area but if it drops below the 3150 area then it will...

MRG0LD2

eurusd market can drop from resistance area 1.12500 if not then the strong resistance area 1.13200 will push it down. i think one percent drop in the market can be seen today. my entry area is 1.12500 and my target is 1.11000. Dollar is seen a drawback today but it is suppose to get stronger and stronger by each passing day due to the change in us economical...

MRG0LD2 Updated 

Btcusd market has not been able to break the 105000 position in two weeks which indicates that a drop can be expected from this area. since the market has reclaimed its 100k position it has been under the correction phase which is necessary for the stability of the market. I have set my selling positions and the targets. sell areas 104000 to 105000 Targets...

MRG0LD2 Updated 

Gold is still bearish but this pump that we have witnessed now was a correction and retracement. Market drop was rapid that is why a temporary pull up was necessary to maintain the the stability in the market. As we know all fundamental events are in favor of a strong bearish trend. and market is also technically bearish as it is forming lower lows every single...

MRG0LD2 Updated 

USOIL is at the resistance area and as market is working it might drop down and form a lower low. it has already started falling down but further and more intense is expected and market can drop back to 60.00. Targets are 61.60, 60.00 Support area is mainly the 60.00 Resistance is mainly the 64.00 Bullish breakout 64.50 Bearish breakout 59.00

MRG0LD2 Updated 

Gold has dropped alot and has formed lowest lows only but after this great drop a retracement is necessary. I think market will go back upto 3190 then it will drop again. Targets 3165, 3190 Support or buying area 3150 and 3145 Stop Loss is 3130 Market need to correct itself to show a little stability in the market. even though the trend is bearish but in might...

MRG0LD2 Updated 

In my this analyisis i have given few levels for sell. i have done sell analysis because of the ease in geopolitical tension like ceasefire between India and Pakistan and Israel and Gaza and Tesnion is also decreasing between Ukrain and Russia. Apart from this the Tarrif War between China and USA is cooled down for 90 days. These area few fundamental aspects that...

MRG0LD2

Last day we saw a drop in btcusd but market gained strength again which shows investors and community's interest in this crypto. last day market touched 105500 and dropped back to 100750. Now market is 102000 and i think it will go further high as market did not drop as it was suppose to which indicate a bull run dedicated to take market to hit a new high. My...

MRG0LD2

in my last two articles i explained that market can hit a new high and i stick to my analysis. but before before reaching its heights bitcoin might drop back to its supporting area and test the 93000 position. right now the supporting area is same 93000 while the resistance that i have set for this temporary analysis is 100k. I have devided the targets into...

MRG0LD2 Updated 

BTCUSD is going hit new high as market has remained stable after claiming its 90k position and after gaining this position market worked under the range of 90k to 95k where 90k served as a supporting area and 95k remained resistance. but now market has crossed 95k and is going to hit 100k soon. Updated areas Supporting area 93k Demand Zone 90k Resistance 99k and...