georgethevictor

Based on the Fibonacci analysis and looking at the week and monthly trend the gold has now bounced from a strong resistance and it would seems to be dropping towards 3183-84 area in this week.The mentioned analyst is based on personal judgement not a trading advise

With the US election results the USD value has been appreciated which has resulted a bear run . Currently the gold has shown an upward momentum ;however i expect gold to soon plummet below 2600 in the coming days. potential areas are mentioned with linear regression

Today gold is expected to move towards 2756 or above based on the technical analysis . At this moment based on Asian market the movement started from around 2737 and reached 2741 so far . By Europe session i expect this would move further up around 2760 area ;however the possible target would be 2756.This is not a treading advice but an analysis based on volume and other technical indicators

Based on the earliest analysis the market exactly moved as predicted. Going forward market would maintain it's bullish rhythm so I expect market to move towards 2700 eventually. So my suggestion is to hold long positions

Since gold is still bullish , Rsi and other major indicator still showing at the peak , How ever its in an ascending channel and i presume this would spike up to break weekly resistance to sweep all the liquidity and stop losses . This move i believe would be around 2685-86. After this move we can expect a bearish momentum

Based on my analysis the gold might move further down to 2229 or 2171 area before the bounce back which is respectively 100 and 161 Fi level based on 1 Hour chart. If you look into the regression channels the gold now bouncing back in both daily and weekly channels aligning to the above-mentioned level probability. The shared information is for analysis purpose only .

I believe in the coming days gold would drop towards the 2294/2293 area and then move eventually towards 2430. The analysis is based on multiple support and resistance levels on different time frames not based on fundamentals. So my take would be interim sell and them eventually get into buy once the trend form in the mentioned direction

Gold surged up as expected currently trading between the 2080 and 2090 range as of 4th March. This is further expected to move high towards the 2120 area and turn bearish or towards the 2140 area before the reversal. since the new month and week created new higher resistance levels I have considered these as 2 scenarios. In both cases, if the trend continues hedging would be a good option to control your losses. This is not a trading advice. Kindly do all analysis as required

Dear All As expected gold is still maintaining upward momentum. I expect the move will continue to the scenario 2 highlighted in the picture and I expect this month it may touch the 2060-2070 area. There is news coming up, however, I assume this would be the possible direction. 100 fb expansion is around 2040 and 161 is around 2070 in the daily time frame. ATR range for the month is also around the same area

Dear All As per the earlier analysis, I expected the gold would follow the bearish move, how ever the gold has an interim pullback which is expected to move based on the shown possibilities in the chart. I expect the first possibility which is movement towards the 2040 area and then drop towards the 1925 area which is marked in red color, worst case scenario the blue arrow highlighted