we can see that the gold has closed it's daily candle above 1890.00 . so , that's means that up trend is expected and the pair might head to 1910.00 and then 1920.00 ,but also the hourly correction is expected before continue in the up trend
we can see that the gold has closed it's daily candle above 1890.00 . so , that's means that up trend is expected and the pair might head to 1910.00 and then 1920.00 ,but also the hourly correction is expected before continue in the up trend
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in the next hours I expect a rebound from the current support levels and a new appreciation of the gold toward the resistance at $1900. The indicators send signals for long.
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The spot price for Gold hit a fresh record high of $1894.15/oz and the near-term rally may gather pace in the following week as market participants continue to look for an alternative to the reserve currency.
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Abubakar 148 (2020-07-15)
Prices are showing signs of weakness below the $1900 figure, with a reversal through interim support at $1856.98 the 76.4% Fibonacci extension level exposing the 61.8% Fib at $1831.38
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If a M15 close above 1890 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1865 sell only and do not buy. If price closes back above it again do nothing
The range 1890 and 1865 is neutral area, any trade done in between is personal decision and not part of this analysis
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Sahilkhan75 (2020-07-10)
he precious metal remains overbought, we probably wont see a correction until the relative strength index falls back below 70, and the technical outlook for the bullion remains fairly bullish as it trades within an upward trend channel
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Sahilkhan75 (2020-07-10)
the bullish sentiment underlying the precious metal continues to point towards higher prices, and the bullion may set fresh record-highs in the days ahead as were likely to hear central bankers across the globe cast a dour outlook for future growth.
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Sahilkhan75 (2020-07-10)
Gold prices looks poised to advance further in the following week, and we may see a push towards $2000/oz as it benefits from safe-haven flows
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Sahilkhan75 (2020-07-10)
The spot price for Gold hit a fresh record high of $1878.15/oz and the near-term rally may gather pace in the following week as market participants continue to look for an alternative to the reserve currency
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Abubakar 148 (2020-08-15)
Safety-seeking capital flows amid deepening market turmoil have continued to drive gold higher in Europe, with the yellow metal setting another record high
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