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weekly analysis-
if we draw supporting trend line in weekly time frame we can see that price is just moving up side along the supporting trend line and with upper trend line it make symmetrical triangle pattern. now the lower side at 1650 level is hold the price falling. this level may be not break and this week price will move up side to hit the 1720 level again. if lower side price break the 1630 level then we can see down movement continue and price will hold at the 1550.00 level
i really love trading gold it is the best commodity and at the same time it is the worst commodity it is very risky for as to trade gold due to its expensive nature .
gold was very well go down, come and see the big players that are very well practiced horizontal levels, .. and now there is resistance from which I think it will be possible to try to sell the metal at around 1663 ... and the first goal for the fall of 1635 ...
Today’s technical analysis
In h4 time frame the price level 1640 is offering a support but in upper side 1663 is also acting a resistance. if upper side this level is breaked then we can long this pair and can hold our long trade to next resistance at 1677.00
Resistance 3- 1687.43
Resistance 2- 1673.07
Resistance 1- 1663.73
Pivot point- 1649.37
Support 1- 1640.03
Support 2- 1625.67
Support 3- 1616.33
Gold opened above the pivot, two lwmas cross show bullish signal, then it will likely go up to 1664.27, and may continue rise towards 1673.80. But if gold break the pivot level 1649.73, it is possible to goes down towards 1640.17
i think XAU-USD look on more bulls.. as long as the price (seller) can not down again more to the new demand zone 1643.00, search for nice probably strong bulls for buy OP still better action.
Movement Gold or XAUUSD in 1-hour chart still looks sideways for a while, but when in the next hour can approach another Fibo level of 1660 or 61% of the likely target of an increase or rebound there and shortly perch to level 1676. Initial support level at 1645.
Ager gold uper ja raha hoo tou lazmi chahiye k trade cents mein lagain or stop loss or buy stop lazmi
lagana chahiye takey app risk free b naa hoon or risk mein b working krein eis mein kafi achi earning
ho jati hai gold eis week mein uper level mein he raha hai or buy pr kafi profit dey gaya hai
gold is a very expensive commodity in the market and i know how peasant it is to trade gold if you do have enough capital to be trading with i enjoy the fact that i am making big money in this business.
Spoiler:
As long as price stay above 50 ema, the trend will remain bullish trend
During the last MACD above level 0, the trend will remain bullish trend
Trend today: bullish
Targeti today: 1676.72