sourabhlowanshi

On daily chart gold is showing a strong bullish movement but this is an alarming situation and from any time gold will give a biggest correction in the history , and can come upto 2100 doller, my last sell price is 3295 keeping SL of 3320 for q target of 2100.

All the things are over, rate cut is decided and what ever the action to be happened is happened, now it's time to move up from here , even though FED is thinking to pause the rate cut, but globle circumstances are still not calm down and now we will see a new high in gold in the biggeing of next year itself. The best entry to buy Gold is 2600, 2590 zone from where. Gold will move up and will go to all time high.

Gold is forming a critical structure, a tripple inverted triangle pattern, still it is in down trend however if again move up and close above 2727 on 4H then this time gold will show a big move towards the upside, however if on Monday gold close a 4H candle below 2634 and then not able to move up and will see a big fall and a target of 2480 as well

Gold analysis involves examining the various factors that influence the price and demand for gold in global markets. This includes evaluating economic indicators such as inflation, interest rates, and currency fluctuations, as well as geopolitical events and market sentiment. Analysts also consider supply and demand dynamics, including mining production and investment trends. Gold analysis is critical for investors and traders looking to understand price movements and make informed decisions about buying, selling, or holding gold as part of their portfolio.

With yesterday FED meeting , again Mr. Powell kept the market in confusion, he has not confirm that the rate cut will be there in September or not, however he made a comment that all the things are fine and we are expecting postive signs for a rate cut, all depends on now NFP and upcoming CPI numbers if both come less will then gold will fly to 2500+ level however till then I am expecting side market in gold and will see a range bound between 2400-2450 , right now the best is to buy at low and sell at high.

Now gold return back to a bullish trend now and will remain bullish above 2380 right now gold is in resistance zone and may take a pull back to 2390-2380 zone which will be good opportunity to buy, but since today a very high volatile news so I am representing three critical scenario in which gold can move, this is only to reviewe, but today taking trade might be very risky so my suggestion is to avoid trading today or trade only at levels with proper SL.

ETHUSD came to our level of buying now it is moving as per expectation, missed opportunity? No worries now it has made a support of 3200 wait for any correction near 3233-3250 re enter and wait till atleast 3400 as first TP and 3600+ as second TP

This week will be very volatile and is a great opportunity to buy both gold and silver wait for the levels 2354 and 2311 to buy and hold gold however chances of 2311 is very less but selling gold at these areas will be very dangerous so seak for buy only

Based on the chart pattern wait for a pull back upto 3250 level then buy it simple trade for a long term trade

Now we can take long from here, right time to move inside the gold market keep on buying with small lot only gold main go below 2356 but do not sell now, with micro lot keep buying this opportunity will not come again