SibiSh

SibiSh

The price of gold continues to drop below the psychological 2000 level and on Wednesday, during the Asian session, it hits a new two-month low. The Federal Reserve (Fed) may decide to hold off on decreasing interest rates until its June policy meeting, according to rumours stoked by a stronger-than-expected US inflation report released on Tuesday. This is one...

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Here is my thinking for coming days. Gold can move up from 2025-2026 area. It has touched our first target of 2025-2026 . It can move up to 2055 and if it holds it then can move up to 2065 . For the completion of M patten gold should hit at least 2065 or for more confirmation it should touch 2088 . On the down side if it cant hold 2025 support then it...

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Gold moved up as expected but its movement was very fast and it touched its main resistance 2065-2066 and back to support of 2055 . For upward movement it should hold its support area of 2055-2046 otherwise it will go down to 2031-2030 . Right now its forming M and may be it will retest its top 2080's area. After creating M and double top it will be down...

SibiSh

yesterday after FOMC Gold price attracts some buying for the fourth straight day on Thursday and moves back closer to over a two-week high, around the 2056 area touched the previous day. Gold price was already up before the FOMC and after that it cant hold his main resistance 2056 and down to 2040 area which is also looking weak atm. The US Dollar (USD)...

SibiSh

Gold price (XAU/USD) ticks lower during the Asian session on Wednesday and retreats further from a two-week high, around the 2048-2049 region touched the previous day. The overnight failure to find acceptance above the 2040-2042 supply zone and some follow-through selling below the 50-day Simple Moving Average (SMA), currently around the 2030-2029 region,...

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Gold is still moving within range of 2020-2030 from few hours. Here is my short entry atm... Be careful to enter in trade. SL: 2043 TP1: 2016 TP2: 1996 It has touched it day time high 2038 in Asian market and hopefully it will retest 2000 area as well. Note Please never follow anyone blindly and always remember following key points: 1- First and Last...

SibiSh

Gold is still there where I left it few days ago. I have already mentioned in my charts that it will move within range of 2000 - 2077. Right now on daily chart main resistance is 2077 while support is 1988 . Gold price attracts some dip-buying during the Asian session on Tuesday and recovers a major part of the overnight modest losses. Geopolitical tensions...

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Here is my first chart with short term trade. Its forming bear flag and if it breaks 2005 then there are lot of chances to break 2000 area. In my opinion it can go down from here to 1996-1989. SL: 2019 TP1: 1996 TP2: 1989 It has touched it day time high 2012 in Asian market and hopefully it will retest 2000 area as well. Dollar is very strong and fed...

SibiSh Updated 

I have already mentioned in yesterday chart that it will not go up without retesting 2016 but if it breaks this point then it can test 2002-1996 area. Right now on daily chart its main resistance is 2055 while support is 1988 . At the moment gold is still holding 50 day MA which is at 2016 and if it breaks then it will test 2002-1996 without any...

SibiSh Updated 

Still nothing changed and gold is moving within range and no proper direction. The overnight bounce from the 50-day SMA and the subsequent move up as well as positive oscillators on the daily chart favor bullish traders. That said, it will still be prudent to wait for a sustained strength beyond the 2040-2042 supply zone before positioning for additional gains....

SibiSh Updated 

Today I am going to share 1hr chart because on day chart nothing changed. Right now gold has formed a bull flag on 1hr chart which means if it break the flag upward then most probably 2063 will be its first target but for this it needs to break 2055 area properly. Gold is holding it main support of 2048 and from top its holding its main resistance of 2063 ....

SibiSh

From last 3 days gold is moving up and down. No clear direction because of geopolitical tensions in the Middle East. If you see few days candles then you will understand that its trying to break its main support and resistance. Gold has douched its main resistance of 2063 multiple times and same with its main support of 2016 . I still believe it will break ...

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Here is my last chart and what I have told you that it was manipulation and now there are lot of chances for downtrend. Anyway from a technical perspective, any subsequent slide is likely to find some support near the 2030 level ahead of Friday’s swing low, around the 2024 area. Some follow-through selling will be seen as a fresh trigger for bearish...

SibiSh

What a manipulation by the market. At 4hr chart it has touched 200 MA from bottom and 50 MA at top and there is gap which will be filled today. Its showing that it will be confirmed down. No need to be panic bcz gold always did this and it's Friday as well which is most likely a recovery day. It will be down without any doubt. Let's see how much time it will take

SibiSh Updated 

The price of gold (XAU/USD) increases little during Today's Asian session, but there is little continuation as traders anxiously await the release of the US's much-needed monthly jobs report. The widely recognized Nonfarm Payrolls (NFP) data will impact the Federal Reserve's (Fed) upcoming policy choices in the midst of the uncertainties surrounding the potential...

SibiSh Updated 

Gold is moving according to the plan and liquidating lot of accounts. Yesterday no one was expecting that waterfall in UK session specially. Anyway gold has broken all main supports in no time and right now its moving its mid term correction channel of 2040+ and may be it will be down again near 2048-2050 . Gold has bear flag on Daily chart and H4 chart as...

SibiSh

As I have already mentioned in my last day chat that most of the alt coins are pumped except bitcoin that means peoples are investing in alt coins instead of bitcoin that's why bitcoin has low volume at the moment. Yesterday BTC was pumped as well its volume increase from 4M to 9+M and it break it main resistance of 18k . Now its trying to hold 18k area which...

SibiSh

Most of the alt coins are pumped except bitcoin that means peoples are investing in alt coins instead of bitcoin that's why bitcoin has low volume at the moment. BTC is moving within range of 16000-1700 and it should hold its support 17155 for further upward movement. Bitcoin is up from 50MA from three days and may be it will try to touch its 100MA if there...