TheFXWazir

TheFXWazir

Structure Overview: After printing a multi-month high around 3,473, price has formed a clear rounded top followed by lower highs, showing weakening bullish momentum. Gold is now retesting a key structure zone near 3,270–3,275, which has acted as previous support several times. 📉 Key Technical Observations: Trend: Short-term bearish within a broader...

TheFXWazir

Gold jumps $15 to renew 9 years high above $1865. As we can see GOLD's Higher high is on 1,865 on the H1,H4 time frame in the Zone (consolidation area) .At the moment gold is on 1859 and there are low chances of rebound towards sell area below 1840. Gold is expected to breach the zone between 1840-1865. $1920 is not far. It will remain in consolidation this week...

TheFXWazir

As we can see GOLD's Higher high is on 1,815 on the H1,H4 time frame in the Zone (consolidation area) .At the moment gold is on 1812 and there are low chances of rebound towards sell area. Gold is expected to breach the zone between 1795-1815 today after two weeks. In case if its break the support level of 1795 than there will be more chances that gold will touch...

TheFXWazir

Gold has been moving bearish since Friday and trying to approach and test its next support at 1780. There are strong chances of retracement from this point i.e 1780 upto 1820 which will be 400 PIPS!! In case if it breaches the support level at 1780, it is expected to go down further and enter the 1760-1765 zone which is also a strong support. Rising COVID-19...

TheFXWazir

As gold is continuously going up after testing its strong support near 1670 and again rebounded from 1745 that is a strong resistance which gold tried to breach several times but could not.These are the technical points to watch and if it breaks the level near 1745 then it is expected to cross the previous highest point level near 1752 to 1762 upward and will...

TheFXWazir

Now gold is continuously falling after NFP was released, and denied its upward momentum after falling back from highest point after 2011. Now it is trying to break previous support near the level 1670 which is strong support and if it breaks then will fall to 1660 the next support level. Contrary to this, in opposite direction if it goes up and breaks the level...