Gold

Since the mid-June breakout from the 1300.0 area, August gold futures have taken a nosedive. Sellers have pounded every bounce, driving prices beneath the 1250.0 level. Is there any relief on the horizon for bullion?

Technical Outlook for Gold

If you are a fan of Elliot Wave, then the selloff on the August gold futures daily chart is a beautiful thing. Back in April, when the defined downtrend began, each measurable retracement has failed in an orderly fashion. The latest example of this pattern was Monday’s failure to penetrate the 38% macro-wave retracement.

https://s3.eu-central-1.amazonaws.co...+7_11_2018.jpg

Today’s bear run is not good news for those holding long positions. The breakout is similar to that of 1300.0 — tight sideways action around 1250.0, followed by a sudden directional move. If the Swing Low at 1238.8 is taken out, 1225.0 is the next big round number up for scrutiny.

There are two levels to keep an eye on for the rest of the trading week:

Resistance(1): Psyche Level, 1250.0
Support(1): Swing Low, 1238.8

time frame - 4 Hour
currency pair instrument - Gold
buy @ 1246.05
take profit @ 1249.44
stop loss @ 1241.94
risk reward ratio - 1 : 3
the pair may go bullish and possible retracement uptrend. buy dips sell high.

Forex Forecast with price level.
Gold - pair in focus
Current Price - 1251.60
main support level - 1244.20 1246.40
main resistance level -1254.60 1256.80
Pair likely to be in Sell today.

The way I see it, due to seasonal strength in gold, a new high will be printed very soon in september. There will be room time-wise to get in long join a retrace to 1780-1800 area for a target of 1940-1960, which is expected to be delivered by end

Gold price resumes its negative trading strongly now, and the way is open to achieve our main waited target at 1236.41, to continue suggesting the bearish trend supported by the EMA50, reminding you that it is important to hold below 1267.00 to continue the expected decline.

Gold pair kafi down levels par movement kar choka he aur mere analysis k mutabik ye aj mazeed kafi down ho sakta he
Down level ye rahega : 1228
Focused levels : 1242
Normally levels. : 1236

gold aj ki price men kafi down ja raha is time ke price 1242 aur mere analysis k hesab se ye aj ki price men kafi down level tak jaega 1220 is price tak aur normal price 1232 ye rahege aj ke

gold trading signal for short term
Gold currently trading around 1244-5
according to my moving average crossover strategy gold is under bearish trend as on 1h Time frame as well as on 4h time frame
My suggestion is sell Gold at the price around 1247-8 with sl 1255 tp 1235
Trade on your own risk
Good luck

GOLD
Date - 12 July, 2018.
Today signal - Sell
Support 3 - Support 2 - Support 1
1245.40 1246.10 1246.60
Resistance 1 - Resistance 2 - Resistance 3
1247.80 1248.50 1249.00
Time frame that is considered while making support and resistance levels - Daily and weekly Time frame
Consider the daily economic news before taking the trade.

time frame - 4 Hour
currency pair instrument - Gold
buy @ 1246.73
take profit @ 1247.94
stop loss @ 1244.63
risk reward ratio - 1 : 3
the pair may go bullish and possible retracement uptrend. buy dips sell high.