Idea is to wait for gold and proper sentiments because the level at which the major resistance is at 1098.75 and support is around further bulls interest of Bulls will be at max 1110 according to new channel and fibo development . According to Traders Commitment The further move only be for upside above 1077 so long could be initiated shortly with...
Gold might remain in the range of $900-$1400 till 2025 which is suggested by the price structure and time cycle since 1975 to 2000. The fractal suggest dip to $950-1000 and may be in a range for another decade (+/-15%).
Gold trades near 5 years low hitting the low of $1073 in the early hours of day. The Bullish Three Drives suggest buying at the current levels with the stop loss of $1060 for the target of $1250.
Avoid a short. Risk reward is low. Strong support zone @15,255$
Till now, we cant see any reason to believe Copper's uptrend at this moment. Prices fall down as a main trend although it may rebounce a little bit in some next trading sessions. Suggestion trading strategy: Long if touch 2.7050 again and keeping short position for next 2 weeks
Hi Traders, GOLD (now at $1155) is performing the last rally to 1220 before resuming the very last ditch to the area around 1089. The present level of 1155 seems to be a good entry point for a short rally to 1200-1220. BTW, once the downtrend resumes, it should stop around level 1089 or end a bit lower around the area at $1043-32 that seems to be the absolute...
Hi Traders, GOLD (now at $1134) is fast approaching the predicted target around 1089. Even in the event of a breakout below this level, the yellow metal should end the downtrend above the area at $1043-32 that seems to be the absolute minimum and it's considered an unbreakable support. If it's true, this would mark the end of the line for the 38 months...
Hi Traders, GOLD (now at $1134) is fast approaching the predicted target around 1089. Even in the event of a breakout below this level, the yellow metal should end the downtrend above the area at $1043-32 that seems to be the absolute minimum and it's considered an unbreakable support. If it's true, this would mark the end of the line for the 38 months...