decentshaw

Gold: Price approached near Last ATH on firday. The price showed a rejection from the level. This rejection can be seen in the form of Wick on the daily chart and formation of Head and shoulders in 1H or Lower TF. I think price will pullback from this level and visit the area between 20-50 DMA. Allinging fundamentals with the technicals. Trump policy of imposing tariffs on foreign imports may increase inflation and delay the interest rate cuts. We may see 2750-2720-2700-2680 levels in the next week. Good Luck and share your views on the idea

Gold: Last week, market was dominated by fundamentals backed by Isarel- Iran escalation fears. Market behavior was odd and inconsistent. Thats what happen when uncertain fundamentals comes into play . We saw extreme volatility in start of the week, liquidation and slow movement in last week (relativity) in gold. Gold Weekly chart also show a loss of direction, sell off then recovery. Further about the Gold drop, the daily / weekly chart kept its upward bias. (Price found support from 50 DMA) Later in week (Friday) we saw recovery in BTC, stocks and Gold. It shows that the markets has gained its rhythm and Started to make sense Again . Remember, It is only recommended to trade a market which contains some sort of pattern, rhythm or logical behavior which was lost last week. Looks like market has regained the confidence that lost in the geopolitical Un rest Shock . Now market is eying the FED September rate cuts more eagerly. What will be its effect? It will be the first rate Cut after Years. With this, technically Gold will go up, Dollar slide down , Stocks will go higher and Yen will Go up hopefully. Gold On charts: Daily chart is bullish with Thursday bullish engulfing candle. Firday candle broke upside. On 4 H we can see a Cup with handle. I am expecting Gold to go up and 2450 as first immediate target. It is expected to be followed by 2480 and 2500 a new ATH. Good Luck and Do comment of the analysis and Odds. Support and resistance Levels S1: 2417 , S2: 2400, S3 : 2380 ( Multiple Bottom- Very Strong Support) R1: 2450 , R2: 2478, R3: 2500

Gold Weekly: Daily Candle is Healthy Bullish Engulfing with no Upper wick showing the buyers are in driving seat.4 Hours candles are like 3 white soldiers. Candle formation are totally bullish.The structure that made the breakout is inverted H&S on 4H TF. The price is above the ichimuku bullish cloud in Daily , also bullish in 4H. MACD is also green. Price is above key moving averages in Daily and 4 H TF. On fundamentals side, last NFP showed mix data, In addition rate cut expectation is nearing by. Important thing to note that there in no major announcement on Monday- Wednesday next week. On Thursday there is release of CPI. So by then I think Gold will test 2400-2430-2450. That will be the weekly Target. On down side any dip towards 2370-2365 ( FIB 50-61.80 % retracement 1D) or 2352 will be a good level to enter fresh Buy with abovementioned Target. Good Luck for next Week. I Would like to hear your comments on the idea

Weekly Chart show a Possible bearish reversal with Shooting star and Inverted Hammer kind of candle structure. Daily Chart show a spinning top followed by bearish candle. Hourly chart show a Double top/double rejection at 2180 a Head and shoulder structure in making. So what is next? This is possible reversal or strong retracement of the bullish trend. So what levels we should watch? Well first level is 2150.50 but more importantly 2144.80 the previous all-time high. If 2144.80 breaks with 1H & 4 H candle close below it. We will be going towards 2132.25 level the 20 DMA then price will take temporary support from 2132.25 level and go towards 2100. Fundamental side, I think the Gold has taken effect of June Rate cut. Now Gold will start going up with real rate cut by FED and World wide. On flip side if price crossed above 2185.50, it will negate the bearish reversal (Less probable). Also on contrary side the middle situation and Russian concert shooting situation can spark things in geopolitical peace and increase demand for safe heaven Gold. I will go with the technical. Good Luck!

Gold: Gold is showing signs of deep correction. Last day Good US results has strengthen Dollar Across Board and this has caused the USD reciprocals selling pressure including Forex and Commodities. Today i see the correction to continue. My selling area is 2175-2184, with SL 2187.50. Target of this sell will be strong support 2150 if it this is broken, Target is 2132.5 ( 20 DMA) and 2100 long term holding target. Good Luck. This is my Analysis/strategy not a investment advice How do i see The analysis. Do comment

Read carefully. Gold is exhibiting Bullish Flag Structure on Daily Chart. Current Price structure is looking Like bearish (Making Lower Highs and Lower Lows) in Lower TF. But to me its consolidating with in range. (Consolidation Range: 2140-2180). Higher TF discloses the clearer picture. Currently 20 & 50 MA is restricting price movement above 2162-2165 (4H TF). And Trend line is giving resistance at 2167-2170 Region. But Once this is cleared by the price movement (Bullish Flag Breakout Near and after FOMC- June Rate Cut coming nearer) I see a clear Target of 2200-2230-2248 with in 2 Weeks horizon. How do u see the Analysis. Do CommentTarget Achieved Successfully

Gold: From Monday i was of the view that Gold bullish run is showing sign of Exhaustion. I have a clear predefined target of 2162 and 2153 which is successfully Met. Gold Made a retracement till 2150 which is also Fib 61.8 Level, identified. It was 300 Pips Move. Now Gold Exhibits a inverted Cup structure on 4 H chart. Which compels me to think, sell the Top gold will make. Also Daily Chart shows a Bearish Engulfing after Spinning Top. My ideal Selling area will be 2165.5 Which was double rejection Yesterday and Other Selling area will be 2170-2172 (Near 20 SMA -4H) Target for this sell will be support 2052-2042-2032. According to me Gold will go continue its correction till 2132 and if broken 2100 before going towards the 2248 The ultimate high I am expecting. How do u see the Gold analysis? do comment This is my outlook not a trading advice

After the FOMC minutes release yesterday. Gold Maintained its bullish structure. Price has fixed above the 20-50-100-200 MA on 4 H chart and price is also above the 20 DMA . Currently 50 DMA is resisting the price hard but i believe on further visit price will cross the 50 DMA at 2032.50. WIth price going above 2032.50 (30 Pips above i see 2039 test as imminent and on further back retest of 2032.50 i expect the price will bounce back and break the 2039.80 resistance. Cutting things short i foresee 2050 level by tomorrow. I will review my bullish stance if 2015 level is break downwards. Remember always follows risk management rules. Don't greed. And trust the process. Good Luck for today. This is my analysis not a investment advice

Gold Analysis & Forecast: The Gold is trading in a range bound Range (2020-2040) . The Price need to break these levels for further long term direction Bias. The Interest rate cut timing factor is all playing on the Gold Price. US Stocks has become bullish and factored in the Interest rate cut. And to some extent , beyond ETF , BTC has also factored in the US interest rate Cut. Assuming the same pathway, Gold Should be flying towards 2200-2300. Yet Gold is reluctant to sustain above 2040 level. Now what? Well ! Price is above 200 & 100 DMA and not too below under 50 and 20 DMA (Acting Softly right now) At same time Trend line is supporting price at 2018-2020. That’s not a bearish signs. However, Friday Price movement tends me to think Bearish for short term but bullish in long term. Candles are kind of bearish, but structure is range bound - Neutral. My stance is Neutral for now. So I will be watching 2020 or 2039 (200 SMA- 4 H) effective break for any price action. Good Luck for the next Week!

There is a breakout of ascending triangle. Price out of Red ichimuko Cloud. Price above 20 SMA on 4H and Daily chart. MACD green. All indicators are pointing North. Dxy totally bearish. Gold 2050 Breakout is more meaningful. I am expecting 2070-2090-2100-2145. Interest rate cycle on loosening verge , stock market and Jpy already celebrating it. Its time for Gold. Good Luck