Gold Futures has taken support of near 50 Weeks EMA (Mother line) which is near 66402. This dip was due to change in customs duty of Gold while thinking rationally. Thus the zone between 67400 and 66402 presents a strong support zone. Mid channel support for gold Futures in case the Mother line is broken remains at mid channel support near 64030. It does not seem...
Hi Everyone Currently we are making an correction structure of 123 X 123, so i am expecting an bearish side. Thank You
Welcome Esteemed Investors, I n the ever-evolving landscape of the financial markets, understanding the dynamics of precious metals like Gold (XAU) is crucial for informed decision-making. Today, I bring you insights into the XAUUSD market, aiming to contribute to your comprehensive research endeavors. T he recent movements in the Gold market have been...
Gold is stalling out on the daily. MACD has oscillated bearishly, and daily and weekly RSI are near "overbought" levels. There is a massive weekly MA convergence structure around low HKEX:1 ,800 range. I want to see a test of this zone and gold RSI <30 before I consider loading up on miners.
XAUUSD Technical Analysis 25.07.2022 1h chart ✅ Previous Weekly candle closed Bullish at 1728 forming Support at 1707.400, the last 2 trading days of the last week have had a huge pullback as the price tapped 1680 the previous Daily Support formed on the 8th and 31st of March 2021 grabbing Liquidity on the higher timeframe. ✅ Buys on a close above 1734.700...
In this technical analysis I will build upon my successful previous idea where we used a head and shoulders chart pattern to identify a likely short position. Now we are about halfway that trade, we reached a more difficult position on gold. First, you can review the previous idea here: Let's walk through the most important points on the gold chart at the...
I was bullish on gold for last four weeks to enter better level for short . We have found a lot of good hands to hold the 50$ drop that happened at the 1st week of March. After a month, conditions are changed. Those good hands are not strong enough to hold this Fat bear PaPPa. PaPPA required a good amount of food to feed his entire kingdom. A very rare...