elliott flat correction down 1446.66 while above 1455.88 - 1449.12 zone acorrective up move could test 1467.18 or 1471.71 after which it should resume it is down trend
support and restistance
res2 1485
res1 1471
piovt 1462
sup2 1440
Thread: Gold
elliott flat correction down 1446.66 while above 1455.88 - 1449.12 zone acorrective up move could test 1467.18 or 1471.71 after which it should resume it is down trend
support and restistance
res2 1485
res1 1471
piovt 1462
sup2 1440
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Hi,,
in the chart 1h we can see the pair will go to up way in the future
I see the pair will go to 1445.98
I expect from this analyze that the price will go to up way
so buy from 1433.71 to 1445.98
good luck
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the pair will go up to fibo 38.2 I see the pair will go to up way to 1442.56 stochastic refers that the pair will go up so our target buy from 1433.55 and our target will 970pips
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Gold is falling from its high prize state. This is due to the current dollar strength since they are corelated. But i think up trend will resume before it falls to 1550, this pair knows no log term fall, only short term since it is always bullish
---------- Post added at 07:50 PM ---------- Previous post was at 07:23 PM ----------
currently gold stays at 1615/30 level. i think it will remain stay below 1650 level in this week, bcz 1650 prooved as very strong resistance level for this commodity. ad also gold is now very strong psychological barrier and also overbought in daily and weekly chart
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gold ek asha profitable pair he hmm gold pe ashi trade kar ke asha profit make kar sakte hein,gold me profit make karne ke lie hmare pass ashi backup jani ke asha deposit hona bhut jaruri he kyo ke gold pe dusre pairs se jiada movment rehti he
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Pivot levels today:
R3: 1494.05
R2: 1485.20
R1: 1471.50
PP: 1462.65
S1: 1448.95
S2: 1440.10
S3: 1426.40
Comment: Price now is below the daily and weekly pivot levels, also it is below the 55 SMA, so more fall is expected.
Forecast: Price may fall to 1426.40.
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positive value are shown by Accumulated Oscilator (AO), and Gator Oscilators but Relative Vigor Index (RVI) is still indicating downtrend it means pair is still in neutral mode but tends to bullish from level 1444.85 then fast stochastic line is intersecting slow line bottom upward near buy border level 20 as reversal indication to bullish
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As you see in my following chart, the gold traded between a high of 1476 and a low of 1453, closed at 1458. Today the metal trades below the resistance line of 1480.
Downside Scenario: A holding of the resistance line of 1480 could help the metal to decline into 1449, then 1435.
Upside Scenario: A break above of the resistance line of 1480 could push the metal up into the levels of 1490, then 1500.
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