Initiated a long/buy position in Gold at 1910, driven by the recognition of an ABCD pattern formation, with the C point precisely aligning with the Fibonacci golden ratio of 38%. In addition, escalating geopolitical tensions in the East have maintained Gold as a focal point of interest, given its well-established status as a safe-haven asset. Furthermore, the...
Fundamentally gold sentiments are still bearish as there is much more supply available in bullion market therefore according to our expertise gold can easily drop to 1810 which is our TP
Sell Gold at 1825-1830 with SL 1840 TP 1820 as according to our fundamental analysis there is still much more supply available in Bullion market.
Gold is fundamentally still bearish as much more supply still available in market
Gold is fundamentally in supply cycle and it will hit 1865 as weekly support is going to be break due to much more supply in market of shining metal.
Fundamental base analysis as crude price will get retracement because of supply factor.