boyinjungle

boyinjungle

Gold is still testing the 1800 level. Presently gold is in a sideways movement. We need to have atleast one candle closing above 1800 level in Daily chart for bulls to come. Gold is in a triangle and will breakout in US session. Based on the direction of breakout we can know which side gold moves next week. Considering the week end and high impact news we will...

boyinjungle

Today we have CPI news. So we expect high volume in US time. Gold is bullish. But the trend is weak as gap is less between highs and lows. However we may see sideways movement before bulls take over. Presetly gold is forming a triangle and today we may see a high of 1804 or make a low near 1780. BUY 1780 SL 1766 TP 1800 SELL 1808 SL 1812 TP 1798

boyinjungle

Gold broke out from the longterm downtrend channel and passed the test for breakout in daily chart. But as of now price is consolidating in a triangular wedge. As we dont have important news we may expect a breakout from this wedge in US session on Wednesday. Gold may still need confirmation in weekly chart for the yellow bearish channel. Monthly chart is ...

boyinjungle

We need to complete the fifth high in eliott wave at 1816. So once gold touches a trigger level near the support of value zone 1776 we can see bulls upto 1810 level. So I suggest to go for buy when gold comes near support. In longterm gold is bullish. So prefer buying over sell The value zone which formed recently is still supporting the bulls. The longterm...

boyinjungle

Gold tested the support level of uptrend value zone and made a higher low 1754. Now gold is going to test the reistance at 1786. As expected gold is consolidating and we will have a breakout after NFP. We can go for a sell order when gold tests the level above 1780 and buy near 1760. All together momentum is not strong but is bullish. The China war can change the...

boyinjungle

Gold is in uptrend and tested the support at 1756 after making higher high 1788 and getting rejected from the upper boundary of long term bearish value zone (yellow). The present value zone is bullish (white) and the present china war can help gold to continue its bullish pressure as seen in case of Russia. However technical analysis is still not in favor of bulls...

boyinjungle

Gold is bullish and is following a uptrend. I feel we can see reversal near 1790 to 1800. So we will go for sell above this. Also we will have test for the downtrend value zone when gold tests this level. For now gold is strongly bullish. SELL 1792 SL 1804 TP 1778

boyinjungle

Gold is testing the monthly support 1776. We will wait if it closes above this. I feel we will see selling after the breakout. to test the support below 1766. Howevever the geopolitics is saying gold can get bullish if China hits any bombs. Sell 1786 SL 1796 TP 1766

boyinjungle

Gold broke out from weekly resistance at 1746. Now there is good strength for bulls. So they can start chasing monthly resistance at 1772. However we need to test the 1746 level again in Daily candle. For this the price may have sideways movement between 1746 to 1756 and can also make Higher Low above 1736 before US session. Only price closes above 1756 we will...

boyinjungle

Gold shifted value zone at a higher level. However we need to determine the exact limits of this new value zone. Based on previous candles we can see a downtrending value zone which I feel is valid. Based on this Gold will test the weekly resistance at 1746 (higher high) and make a higher low in US session. However if the value zone I consider is valid then we may...

boyinjungle

Gold is forming a wedge after breakout from the value zone. From yesterday GOLD is consolidating between 1710 to 1720 level. Today also we may have smaller candles between these levels. FOMC will give the momentum for breakout. I hope Dollar gets much stronger after FOMC. But technical analysis shows GOLD should also make highs upto 1742 by end of month. So after...

boyinjungle

Gold is within its value zone in 1716 to 1736. So we will go for buying at support and wait. Today we have important news. So be careful and use SL. BUY 1720 SL 1710 TP 1736

boyinjungle

Gold is in uptrend. It made a higher high and tested 1740. Today we will follow the value zone trending upward. See for buying gold. The important levels are 1726-1746-1766 BUY 1726 SL 1716 TP 1746 SELL 1748 SL 1755 TP 1736

boyinjungle

Gold is in downtrend value zone. Yesterday Gold made a lower low 1680. But this level showed good price action and gold. However gold will continue downtrend until either it closes above the channel and makes high of 1726 and 1746 levels. For now gold can test the 50 and 62 percent fib levels at 1698 and 1692. So we can go for buying here. BUY 1692 SL 1682 TP...

boyinjungle

Gold is following downtrend. The yellow channel is the value zone. The next support is 1676. Today important news in US session. BUY 1676 SL 1666 TP 1706

boyinjungle

Gold is moving sideways in wedge. We need to breakout from this wedge to know which channel gold is following. If gold closes below 1706 then we will follow descending channel and will make new lower low below 1696 If gold closes above 1714 then gold will follow ascending channel and will make a new higher high above 1724 So we will wait for breakout. BUT stop...

boyinjungle

Gold is in value zone trending in downward direction. Gold made a lower high 1724 and is going to make the lower low below 1696 today if it continues in this channel. So when gold reaches the support and resistance levels of value zone we can go for BUY and SELL orders. These levels are very risky for SELL as we can see a strong buying pressure at any new low. So...

boyinjungle

Gold made higher high today. This is a positive sign for buyers. However we need to close above the value zone for more buying. For now Gold is ranging in its value zone between 1700 and 1716. But we will go only for buying when gold makes a low. BUY 1708 SL 1696 TP 1736