XAUUSD (GOLD) BUY MORE FROM SUPPORTAs we can see Gold Global Trend is highly bullish and now it has broken two important resistance zone which become support now
in our previous analysis we had booked huge profit on gold more then 600+ pips and now we are still buying gold till US Index touch monthly and yearly support zone
near @ 88.50 so we are holding this shiny metal for long till design new TP with revised SL
those who missed the train can join the rally and dont forget to push like and comment
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Goldanalaysis
Gold Crash next to follow oilThis is a massive Bearish pattern. Gold can rally higher from here to 1740 ( we have stop at 1750) or it can break from here. But there is nothing Bullish about this, Banks positions are 90% long on Gold, as also retail traders who believe all news out there of gold rallying to 2000, 3000 this year which will make gold do a massive dump to margin call all this people buying Gold Non-stop. Do not forget gold is the most manipulated metal in the game right now so dont believe what the charts tell you when you see a possible continuation of a big trend comming.
I've opened a sell at 1732, Stop loss 1750, first tp 1620.
Then I will keep selling at retracments/ possible future accumulation zones of the Price.
Think the dump will be to 1300, maybe 900 till end of the year.