Gold on a critical stage, would go beyond 50% fibbo Or below its a sell. Waiting for coming data in d evening. Euro monetary policy n labour data. Stay tuned. My reading found fed data a little howkish. So I'm on a sell side today untill more data coming. Stay tuned. Trade wisely. Consult ur advisor.
Mcx gold currently on a back foot, long term trend shows a sign of sell still continues, if there was a retrace in recent days, we might ready for a deep dive.. , .... ....silver also follow soon.
Current Trend might continued.. But focus shifting on FED policy. Big red line can be breached after that, n a big down after that. So stay tuned. Also, if this support not breaking, than old record will be breaks.
Current trend indicate prices will fall furthermore, reversal possible. Untill fed policy, market trend possibly in a shortsell.
Gold Trading Forecast last week we witness a bid from both bulls n bears side, but no one won. After huge fall in DXY, bed reports from US data, Cooling inflation.. Gold stand as it is, no movement noticed in weekend. Where as Silver booming outrageous. Well no one knows what maket mood is but there's a lot of data and moment analysis by trade analyst. So...
Gold might get pull back from here, No volume, weekend too. Scenario says it all.
Gold might be pullback from current... No volume, weekend too... we can expect it to get back to 1940$ zone.
Gold bulls trying to take control over 100 sma and 50% fibbo... More highs waiting...
Since I draw the trendline it follow exactly on the line. Banknifty might touch 44.5 this week I expect.. Just my views, don't trade on it, just watch n assume yours idea..