Gold is edging lower ahead of fed meeting tomorrow and remain cautious about any monetary decision besides interest rate. also a possibility of less liquidity in the market because of yesterday's Bitcoin went back to the upside near 40k again, investors will transfer a part of gold's capital to cryptocurrency market by selling their positions to have more...
in GOLD after yesterday DOJI candle Market still indecisive way. still we think gold have 2 way if broke 1875.00 we open a BUY position target(1) 1906 target (2) 1934 on the flip side if retreat to 1850.00 and fulfill a breakout we open SELL position target (1) 1818 target (2) 1798
After gold Break out 1760.00 Strong Seasonal Resistance we expect to continue his Positive up Trend to fill W information
In short time range Gold showing some Correction (although yesterday's high 1749.50) but we expect a cross below 61.80% Fibonacci one-month 1728.00 will drag gold quote to further downside levels 1718.00 (50% retracement), or more downside to 1708.00 (38.20%)
This was Long-term Provision on GOLD the Descending Triangle is Symmetrically to the Ascending Tringle with the same time(4 months) and range(225.00 $) WILL HE FOLLOW THE ABOVE !! Let's See in the next few days
After Dragonfly Doji candle on Friday session market seems to reverse on UP correction. Best Place to Buy is after break out of 1740.00 level.
Gold has new critical level 1760.00 previous Support and new Resistance. only above the 1760.00 break out would be a good entry point for long position, otherwise false break out on the same level will best to enter in Sell position.
after yesterday Doji candle with low 1783.65 maybe will significantly go short long term Take Profit (02) at level 1746.00
GOLD Fibonacci 61.80% (1803.00) could be a mirror level for gold a cross above means break out good buying area otherwise a false break out will be a good area to sell
EURO almost same situation with gold strong seasonal resistance below 1.20500
Target today 1832.00 along with unemployment rate we expect some retreat in dollar and Gold's Correction
Buy after false break out seems to test resistance level again in choppy trading
GOLD has touch 78.6% already Will he go for 38.2% !!??
Dear Traders, Below is Fibonacci Retracement from Swing High (1876.10) to Swing Low (1764.50) Showing 23.6% Level Matching with our Strong Resistance on 1850.00
ONLY AFTER THE PRICE WILL BREAK THIS ACCUMULATION AREA YOU CAN TRADE WITH GOOD PROFIT . . D'ONT FORGET TO SET YOUR STOP LOSS