At this moment in a shorter time frame, gold is bearish how ever in the coming days gold is expected to move up toward its monthly pivot 2058 hence my target is 2053. If you notice the gold is at a support level at 1 Hour and further bearish movement at a shorter time frame is expected. So my take is in the coming days i would hold it long
As per my analysis, the gold would drop around 2024, and it will likely bounce back to 2050 or above toward its weekly or monthly pivot points. any further drop below 2020 or below could be bearish. However, I expect a bullish move as explained. News events could push it on either side but I stick to my analysis
Further to yesterday's short position, I expect another shortfall today as well from the Europe session with my target of 2020. I strongly believe there is a struggle for gold to break 2040 until and unless any new news events. I am only planning to target Europe sessions to complete this move. The suggested is for analytical purposes only A breakup above 2040...
Based on my analysis . Gold may fall further down and my target is 2020. Since the last week had its spike to upper bounds of RSI with its pullback on this week beginning . Now today gold struggle to move further and the move is sideways and not able to penetrate level 2040 hence i forecast further fall down to 2020 or more .
Gold is expected to move around the 1860 to 1855 area before the next pull-up. So Major trend Is up so expect an interim bearish movement. After this temp movement expect a good bullish move toward towards 1900
Since the 5 min and 15 min chart shows an overbought situation I expect today's gold movement would be bearish. Yesterday I expected gold to move around 1868 but moved up to around 1861. Even though the long term is bullish for the day I anticipate a bearish momentum.
Based on the trend and current channel as shown I expect during the Asian and Europe session the gold is expected to move around 1867 which is the target I am looking for interim. Please note my analysis doesn't suggest anything beyond a day or market sessions. What Happens After the mentioned session period is not applicable Please do your own analysis as no...
My today's Target is around 1844. I expect gold move around this area or more by Europe session
Gold expected to move up to 1826 range during Asian and the beginning of Europe session and drop to 1813-12 range.
Gold is expected to drop towards 1840 by the beginning october before the next bullish move to around 1925
GBPUSD will be upword momentum for today and tomorow
Fibo and wave analysis and indicates a short trend . Hold for the week
Chart analysis indicates a drop in EURUSD so holding short for the week .
Analysis as per the chart inidcates down trend . Holding for the week