MRG0LD2

Market correction phases is almost over and now it will go further high. Technically the current supporting area is 3360 to 3355 while the second supporting area is down at the 3305 position. but market is in a rush to hit a new high due to the geopolitical tensions and economic drop in US has boosted Gold. Further in this week gold can possibly cross 3500 as all investors are seeing gold as a safe heaven.Technically the supporting areas are 3355 and 3305 while the resistances are 3395 and 3445.

BTCUSD pair is at the key supporting area of 103000 and the next and even stronger support level below is 101400. From the current position market will go high and will face the resistance of 106500 while the breakout of 109500 will be the route to our target.Support Levels 103000, 101500Resistance aeas 106400, 109500Buying Areas 103000 and 102000300 pips achieved from 103000 to 106000.

Inverse head and shoulder pattern indicates bullish storm ahead. Technically the supporting areas are 3250 and 3230 that means market is above its key supporting areas further after dropping back to 3250 position market on Thursday market again tried to drop but could not break 3270 position. Now the buying area would be 3270 and 3250 and if market breaks the 3327 position it will be better position for buy. The selling area would be 3367 which is our end target.Pattern, Inverse head and shoulder Support, 3250, 3230Resistance, 3327, 3367Buying area, 3270, 3250Breakout, 3327300 pips achieved from 3288 to 3318. After breaking 3328 it will hit the target soonTarget hit 3393. 1050 pips achieved from 3288 to 3393

after opening up with a gap market did not drop enough and has returned to its bullish trend. Today market tried to break the 3323 area but could not and formed double bottom and since than gold is going higher and higher but slowly due to the low liquidity today. but if gold continue to same bullish trend than it will fly to hit 3435.

btcusd pair situation is bullish as market is showing support at the postion of 106000 while there is only one resistance 112000 now if market breaks this area then we will see a new high close to or above my target 114000. after hitting high market has not dropped enough which indicate that market is not yet done with the new high. Probably profit will be taken at 115k and from this position we can expect a downward liquidity. Currently market is not showing any sign of drop while its stable status indicates that market is ready to hit a new high. My targets are 109500, 112000 and 114000.TP1 Hit 109500market had reached 110500 from entry zone 106500.Still holding on my targets will published an updated analysis soon

xauusd pair is currently bullish but there are multiple areas that market has not tested. from this area of 3365 market can drop back to 3285 to test the lower areas. Market has to correct itself.The supporting areas are 3316 and 3287 as market has supported the gold at the both positions previously. Technically at the moment the resistance is 3365 which can push market down to retest. Targets, 3316 and 3287entry, 3365 and 3375370 pips achieved from 3360 to 3323Target 2 almost reached as market touched 3292

btcusd market is bullish but after hitting a new high it might retest the lower areas again and then push itself up hit a new high. i think market might drop back to 106500 and 104500. market can use these supporting areas to hit a new high.Technically market is bullish now the only resistance ahead is the new high that market has formed and to go further high it must drop back to supporting areas 106500 and 104500.

in the last few days market has tried to reverse the trend. as it tested the 3244 position after hitting the lowest low 3120. after forming a new high market dropped back to 3155 but again it got closed above 3200 position which gives a green signal for buyer. Market can hit 3345 easily if it breaks the 3260 area but if it drops below the 3150 area then it will form the new low.market again tried to break the resistance 3250 but the resistance seems strong as market dropped back to the support. however, 500 points acquired from the entry zone 3200 to 3250almost 850 pips achieved from 3200 to 3285. going to publish a new article soon

Btcusd market has not been able to break the 105000 position in two weeks which indicates that a drop can be expected from this area. since the market has reclaimed its 100k position it has been under the correction phase which is necessary for the stability of the market.I have set my selling positions and the targets. sell areas 104000 to 105000Targets 102500, 101500, 98000market can drop any time. so i will stick to this targetstarget 102500 reached as market dropped to 102000. i will add some new updates in the next article

Gold is still bearish but this pump that we have witnessed now was a correction and retracement. Market drop was rapid that is why a temporary pull up was necessary to maintain the the stability in the market.As we know all fundamental events are in favor of a strong bearish trend. and market is also technically bearish as it is forming lower lows every single day so that would be easy for market to pump.Targets are 3175, 3150, 3100Entries are 3200, 3210Target 1 3175 and target2 3150 reached.