Gold broke below the lower trend line as expected, confirming a bearish move. Its first attempt to regain the lost support around $2,920 was rejected, showing continued selling pressure. For the sell-off to be considered over, gold must trade and hold above $2,928, ideally closing above $2,935–$2,940 to confirm strength. If it fails to reclaim this level, further...
Market Structure & Trend
The stock is maintaining an uptrend, supported by a rising trendline. The price is currently near a potential support level, making it an interesting point for buyers.
Buy Zones & Targets:
Buy-1: 34-36 PKR → Target 40 & 46 PKR
Buy-2: 40-42 PKR → Target 44 & 48 PKR
A previous upward trend was broken, leading to a shift in market direction.
After the uptrend was broken, the price followed a downtrend but has now broken out of this downward channel.
A symmetrical triangle pattern has formed, indicating price consolidation.
Range Trading Strategy (If No Breakout Occurs)
If the price continues bouncing between $2,850 and $2,950,...
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The stock is testing a long-term resistance trendline, which has previously acted as a strong barrier.
A breakout should be confirmed with strong volume for sustainability.
If a rejection occurs, price action could see a short-term pullback before retesting resistance.
Key price target post-breakout: 58+ PKR
Potential Buying Zones:
Buy-1: Around 48-16%
Buy-2:...
Short-Term Outlook: The stock is bearish, as indicated by the RSI, Klinger Oscillator, and price action near support levels.
Potential Entry Points: If the RSI starts climbing above 35-40, and the price holds support at 85.60 or 80.01, it could present a buying opportunity.
Risk Factor: If the price breaks below 80.01, expect further downside towards 72.04 or...
The overall trend is bullish, characterized by higher highs and higher lows.
The price has been moving in a cyclical wave pattern, with corrections followed by strong upward movements.
Possible Scenarios for March 2025
Bullish Case: If Gold follows its past pattern, it could retest the 3000-3030 level.
Bearish Case: Break below 2820 will lead a deeper correction...
Currently XAUUSD trading at high-highs levels.this consolidation range counite until new breakout happens.
Preference : Buy On Dips
this and next week firstly will breaks support levels til 2900 and 2880 to Rise again to All Time Highs 3000-Plus
Trading Outlook:
Bullish Case: If gold holds above $2918-20, it may continue its uptrend, testing $2940 and $2955
Bearish Case: No way....just Buy And Buy
Preference : Bullish Trend
Trading Outlook:
Bullish Case: If gold holds above $2873, it may continue its uptrend, retesting $2881 and $2888
Bearish Case: A rejection at $2,868–$2874 could trigger a pullback towards $258 and 2844 before resuming again an upward move.
Preference : Bearish Trend
Current scenario any sell off happens , lived short for the time,Buyers step in immediately to buy the dip…
Upon today data, gold maintain 2835-2840 support zone for upward trend.
If the support breaks its very good opportunity to go for long.Next support zone 2815-2820.
Gold continues its strong upward momentum, breaking above the previous uptrend channel at the $2,850–$2,860 level and reaching a new high of $2,881. This rally highlights strong bullish sentiment, driven by a combination of economic uncertainty, geopolitical risks, and technical buying. However, extreme bullish moves often signal the potential for a market...
