Sangam-Agarwal

Sangam-Agarwal

gold price again flying on the news of china central bank gold buying since monday market open while market totally ignored strong nfp, rising cpi number and overheating financial market if white line and yellow horizontal level both at same place breakout at the same time technically it will be big bullish signal and investors will buy more if fail to breakout...

Sangam-Agarwal

bitcoin is flying on many news end of QT, fed cutting rates into assets bubble, trump making it strategy research assets and many more after flag pattern breakout current impulsive wave length is same as previous wave before beginning of flag pattern near big psychological mark 100k

Sangam-Agarwal

price has made new low of the range price testing big horizontal support zone price testing 50% fib of two years old bull market lets see how fundamental analysis aka monetary economics fit into this simple fib retracement and market found a reason to go up from here

Sangam-Agarwal

where gold price will go next ? all levels on chart directional blue line on chart after big dump price first need correction

Sangam-Agarwal

gold price are going up inside a yellow parallel channel price is making higher highs with higher lows so technically it is up trend until lower trend line breakout price not only testing upper line of channel it is also testing big psychological level $2800 near upper trend line today is last day of October month tomorrow we will have last nfp number before...

Sangam-Agarwal

since gold meltup this year silver also going up but there is long term elliott wave target near $31.71 price made head and shoulder pattern than neckline breakout now retest of neckline ( as your horizontal resistance) and target new lower low is final setup in head and shoulder pattern

Sangam-Agarwal

on weak dollar gbpusd is going up making higher high with higher low inside a yellow parallel channel 1.34297 first big resistance lower yellow line first big support

Sangam-Agarwal

gold price tested trend line near $2300 since it is going up up and up price almost there major psychological level $2700 but before price starts new correction it has multiple support line as long as price trading above all of these trend line it is bullish

Sangam-Agarwal

gold price are rising making higher high with lows price is making strong support on yellow trend line first static support $2530 fomo buyers are happy because trend is their friends until one day changes everything

Sangam-Agarwal

gold price are rising very high for last two years it started two years ago with uk crisis when fed started turning monetary easing by Financial condition. in last two year fed pivot from 75 to 25 hike to doing QE meeting by meeting from november 2022 to march 2023 while now crowd asking fed will cut to make kamala win election. to avoid recession in election...

Sangam-Agarwal

gold price were range bound in $60 price area but suddenly it breakout on wsj and ft news article on 50bps first cut size possibility. after years of ZIRP and QE big size cut can spark second inflation wave risk since usa economy has not reached into deflation like china this year alone fed has ignored second inflation wave risk two times first in march by...

Sangam-Agarwal

price collapsed in big way after fed july fomc and boj hike but now price testing horizontal support and fib level both at the same time at 140 level

Sangam-Agarwal

gold price are trading near all time high below white trend line after fed said time has come for rate cut price is testing is trendline 4th time before big gdp, pce, job claims news

Sangam-Agarwal

gold price are going on global central bank rate cut news currently trading few dollar below all time high all big level on h4 time frame horizontal support and yellow trend line (dynamic support)

Sangam-Agarwal

during fed rate hike cycle due strong dollar eurusd was collapsing since fed rate cut pricing begin after their last 75bps rate hike in 2022 eurusd has retrace 61% from top to bottom , price testing this area again 1.12746 will be a strong resistance level if price don't breaks this area than double top possibility increase this week will be first time we see...

Sangam-Agarwal

price is sideways near previous ATH waiting for new catalyst to breakout

Sangam-Agarwal

after long sideway correction before us election price breaking lower yellow line on recession fear after breakout 65 will be first big support level

Sangam-Agarwal

pair is going up again ready to test yellow neckline resistance of head and shoulder pattern pattern began its formation in late december last year when market was pricing 7 cuts which were wrong but now market is pricing same amounts of cuts and fed is behind the curve dxy is collapsing on daily chart on panic selling before fed jackson hole speech risk is...