Weekly analysis for gold I expect gold to 1643.30 levels drop in the case of breakage I expect continue to decline to the levels of 1626.45 and rebound, God willing
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Weekly analysis for gold I expect gold to 1643.30 levels drop in the case of breakage I expect continue to decline to the levels of 1626.45 and rebound, God willing
I think the down trend is still standing and the pair might head to 1625.
and then 1610 how ever the Gold made any hourly correction :)))
Gold is now testing pivot level 1661.77, if it broken then gold may rise towards 1671, and may continue to 1678. But if it fails to break the pivot level, gold is possible to go down towards 1651.75 and may continue to 1645.50
The latest correction ended just before the former 4th wave extreme at 1720 and price is expected to reach a new before the next 4th wave begins. Look higher. 1765 is short term support.
:D
on daily chart, if its able to break the 1551 then we see some quick rally toward all time high,waise to is point kop todna thoda mushkil hai lekin agar gold iske upar nikal gaya to fir iska down trend itnio easily nahi aayega..
gold is a very amaizing subject when you say you will have to better the your account with better the profites all you have to is make sure that you are trading the gold comodity and that way will have to sure that i scalp well.
Initial resistance is now at 1550 (June 1 high) followed by 1577 (All time high). Hold on buy order till all time high.
The position of the current price is below 50 EMA on the H4 chart, momentum is bearish
The position of the MACD is currently under area 0, the momentum is bearish
Trend today: Bearish
Target today: 1634.95
Initial resistance is now at 1550 (June 1 high) followed by 1577 (All time high). the downside targeting 1531 then 1525
Daily analysis for the pair of Gold , Gold rebounded from the point of resistance at 1662.06 expect falling to 1652.21 levels, including apostasy, God willing
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