learntrading007

Short term the range is 2388-2335 Fundamental's still in long with rate cuts around Rate cuts can also cause selling off equities , which in turn comes to metals break above 88 - will test previous high of 2431

Resistance - 2432 Support -2407 Breaking either sides will trigger a new trend and a wave

Will the channel be broken ?? How long can DXY keep up? Major support zone for Gold , failing the support can trigger a move downwards ??

Can 1773 be resistance or a break can take it towards 1830? Current bullish wave in the bearish trend ? How long can it prolong? We are at interesting levels Break of 1773 can push the bull target to 1829

While Gold bounced of the Fib level yesterday at 1696 region , it is still is the downward channel and the lower wedge points towards 1676 region and with resistances around 1712, 1717, 1721 and 1727 Though the short term break of the wedge provides an upward movement , it needs to break above 1740 to move out of the channel. Up until it leaves the downward channel , the short term still point towards 1676 with the interest rate decision of 100 bps is looming around.

Gold prices rebound from a support area at $1835 Even though CPI data has little impact at the start but eventually eased as still the inflation high and coping wit it takes time gold buyers are likely heading towards 100-DMA near $1,885. if their is bearish influence and fail to break the resistance areas will result in the break or retest of $1835 and a test towards $1780 keeping close to market for immediate movements towards price action is much needed Recession is still there and current economic crisis already have a significant impact on global markets and takes time to recover ### just an idea and not a financial advise of any form

Gold reached an area exactly where it was one year before and raising geo-political tensions pushing gold to new highs everyday. can gold sustain this push? Or is the cycle finishing for bull? Bears are waiting for the fed decision rate? this area is dangerous and need to keep an eye as it move upwards .crossed both resistance to go above 1960

rising wedge short term upside -1838 downside -1812tp reached

Given the current trend and a big bull candle close for the year 21, certainly, raised a lot of eyeballs but how long can this bull last? There can be an extension up to 1845 before any confirmation, but as expected we can have a restest as still bearish divergence is there on all timeframes. Being an overbought region can certainly ensure a retest before a leg up. short-term target 1845

Gold took a bullish course as expected towards the end of the year. The short-term bullish trend can have an upper range of 1845-1860 if it is able to cross the historical resistance at 1833. 1825-1833 zone gonna be hard to crack but once passed, the trend can change and have an upward wick before having further conclusions.tp1 - 1830 reached