GOLD make new high and strongly rejected from the top and now market in a consiladtion area, as expecting to sell more and make proper pull back according to the higher time frame and hit the demand area which is 1978 to 1972 and then start again his buy trend. Gold sell trend will start if its break below 1965-1952...
market respecting dynamic support trendline and till now market moving in a channel so now expecting to follow the channel and momentum shift from sell to buy till dynamic resistance trendline
Now major support level is only 1815-1805-1792 If market sweep any of these 3 levels then respect and bouns up to follow the channel and sustain major support zone good for buying trade
market respecting dymnaic trendline channel support and expecting to up
market now comes to the major support zone and expecting to respect this and pull back...
market following the down trend channel and expectiong to touch on support zone
market respect on now major resistance zone and expecting to respect this and drop
Gold long term following symmetrical pattern so expecting to continue on buy side #forex #gold #xauusd
Market respecting 12 times trendlines as resistance and touch the major zone whcih is 1885-1880 and we have Last week low is 1885 if market breaks h1 trend line then major conditions to start correction of this month...this week we have BRICK SUMMIT from CHINA and FED REPORTS...
Correction phase now in a Resistance zone for test and then conitnue his sell trend
Correction phase now in a zone to conitnue his buy trend
we are Looking XAUUSD for a buying 1892 to 1880 zone, XAUUSD is now moving in a descending channel pattern on H4 its indicate to uptrend and currently is in a correction phase in which is approaching the support zone.
On higher time strong head and shoulder pattern also on current market conditions also a bullish flag which all conditions showing strong buying pressure, However market set tha monthly candle low then continue his buying move
oil still in a buy trend and now showing some correction and more probablity to respect the support and will continue his buy trend till 79.00 to 83.00
GOLD Overview Below 1952-1948 selling pressure till 1938 Above 1954-1956 buying pressure till 1965-1972
Market still following the channel and respect the trend line also still we have buy trend and expect to continue
market still respecting the channel trend line and expecting more up
Gold now expecting to respect low and then short trun back correction till max 1956 and then start continue to make lower low