GOLD is near now strong resistence 1734-1740 i think it will fall upto 1640.
As I mentioned if 1900 break it will go down up to 1840-1865.Now I am Taking again long position.
This is fake spike on below side..Gold is still in long trend until it will break 1900.below 1900 we can go with short
As it is over sold .it will give pull back take entry on pull back
CURRENCYCOM:GOLD Simple Forecast Find rejection once again in the area 1905-1915 . Now We can open long position on Gold Against the temporary trend. Temporary trend is Short But On Monthly Weekly Trend is Up.
Opening Again Second Position.As i described in previous idea HH And LH confirming uptrend OANDA:GBPUSD
SAXO:XAUUSD Simple Forecast As described in chart two Major levels 1925&1900. Remember Gold Short Trend Temporary. Future Trend Of Gold Is Up.It Will Go 2200 Till November.
Simple Forecast Now I updating my previous idea for some reasons. 1.Higher high and Lower High confirming up trend. 2.Dollar is going down and down on daily chart.
Simple Explantion OANDA:NZDCAD 1.On Daily chart clearly Up trend 2.Technically 80% is Bullish.
1. Head & Shoulder completed 2.It will Give Pull back
Dollar is countinue to fall it will give pullback in upcoming hours so i going to short.
As expected in my pervious idea Gold is Following trend line.
1.Demand of bitcoin increasing day by day 2.On MA (50,100,200) is clearly in up trend
FOREXCOM:XAUUSD 1.Dollar is Routing on downside. 2.Gold Seller Pressure is Converted Toward Buyers Side.