The price of gold (XAU/USD) faced selling pressure around $1,917.50 during the European session. After a brief decline, the precious metal is expected to drop further to an intraday low at $1,910.00. The sell-off in gold was triggered by the positive performance of the US Dollar Index (DXY). S&P500 futures have extended the significant losses seen in the Asian...
Double bottom price action on the GDXJ Price of the double bottom also hitting S/R zone of the previous 4 year base break-out. Does this indicate a reversal in the last 12 month pull-back and the start of a new break-out?
Start Trading at the supply zone of Gold. The bearish trend may set up but not a big drop yet. Anyway we will wait next week data analysis where will the confirm market trend. Risk Management with the right position sizing is recommended for every traders. Have a nice day week trade.
GOLD CAN MOVE UPTO 1941.. SELERS BE ALERT...
Based on Trend Buy and Sell Indicator (TBS), Gold is in uptrend identified by 100 week ma. In the next few weeks TBS is suggesting a pull back into 30 week ma which has proven to be a good support level historically in uptrend. For this chart I have used parameters suggested i.e Trend Moving Average = 100, Support Moving Average = 30, Motivation Buy = 1,...