iambalramkashyap

iambalramkashyap

As you can see that DXY rejecting 0.50 on Daily TF , so we can expect some pullback which can help gold bulls to make some correction from current decline cycle .

iambalramkashyap

Watch the current formation , gold is trading in range pre NFP, we can expect breakout during data time and can expect this kind of move as overall it is in bear control

iambalramkashyap

Resistance Level Fib Golden Range :1934-1938.62 Cycle 1952.99-1915 Support Level Fib Golden Range :1910-191 Cycle 1884-1953

iambalramkashyap

1950 acting as strong resistance on Intraday Levels , look for sell opportunities under this and we can look for buy opportunities if breakout friday high.

iambalramkashyap

DXY need to takeout this resistance ,for today price is above CPR zone which is + Point for bulls .we have three major data in eveing so data going to play vital role for next mid term direction.

iambalramkashyap

XAUUSD currently moving towards narrow range but overall it is in sell pressure and we can expect more decline as per current formation More info on chart

iambalramkashyap

Gold Price finally breakdown the major support zone near 1940-42 and currently trading under this,if breakdown from here then more decline is possible and above this bull have chance to re-test higher levels

iambalramkashyap

XAUUSD/GOld price is testing the main support near 1942, price can extend decline on intraday if breakdown from here, for bulls main hurdle is now 1973.

iambalramkashyap

These are the key levels for XAUUSD/GOLD on intraday basis , on Higher TF we are still in range so we can use these SNR for scalping on LTF

iambalramkashyap

GOLD price extending the range and waiting for FOMC

iambalramkashyap

At the beginning of the new trading week, gold continues to move with a positive trend within the sideways range between around 1,930 and 1,980 US dollars per troy ounce, which has existed for around three weeks. So far, prices have reached a high of 1,964.63 US dollars per ounce on Monday morning. Investors are cautious ahead of the Federal Reserve Bank (Fed)...

iambalramkashyap

from the current movement seems like gold is ready to make another down move , if bears able to breakdown lower support trendline then we can expect decline towards 1925

iambalramkashyap

Gold trading in range before FOMC Minutes, we can expect a good move after the breakout from this range

iambalramkashyap

Right now gold stuck inside this range , we can expect big move after the breakout/down of this range

iambalramkashyap

As per current price action it is clear that bulls still in command and they want to test 2000 again, if bulls able to breakout this formation in upside, then we can expect good bullish move. If not, then we can see lower levels.

iambalramkashyap

Gold continues to fall back from its one-year high of $2,009.23 at the beginning of the week on Tuesday morning due to profit-taking ahead of the eagerly awaited US Federal Reserve meeting. At the low, the quotes have so far reached 1,935.80 in yesterday's trading session. Last week, the gold was in high demand as a "safe haven" due to uncertainty about the...

iambalramkashyap

As you can see from the chart that gold successfully managed to trade in bullish trend last week of last year and currently holding by this trendline and this trendline seems to be strong as gold already tested this multiple times. Also, if you look at the Volume profile from the year low to recent close it shows that most volume is accumulated at the upper end of...

iambalramkashyap

Gold bounced off the support zone at $1,615-20 for the third time since the end of September and started a strong recovery. Gold is now testing the resistance zone at $1,680. It should be noted that this is also the level at which gold was trading under 1660-70 before Wednesday's FOMC meeting, meaning that the gold price fully recovered losses after the FOMC...