sajanshrestha72

sajanshrestha72

Good morning to all the traders around the World. This is going to be my personal thoughts on Gold for today and next week. Once it breaks the 1970 Daily high, bullish sentiment is on. There is an Imbalance Zone around Psychological Level 2000 that needs to be filled and is due since mid May. Also the daily candle is bullish engulfing which further supports the...

sajanshrestha72

Fundamental : NFP Report: 339,000 new nonfarm payroll jobs were added last Month, which was more then the estimated 190,000 Jobs. Not to forget that the May job numbers often show strength due to the seasonal summer jobs being added. Despite more then expected NFP numbers, the unemplyoment rose slightly from 3.4% to 3.7%. The market reacted strongly to this...

sajanshrestha72 Updated 

Good day Traders. Gold has been consolidating for some while now. With all the fundamentals and market manipulations, market is unsure about the direction. Having said that, in my opinion, the chart however is trying to make a bearish flag pattern. It is still sooner to say it for sure but my bias is shorting gold from 1987 area to at least 1936. Good luck. Not a...

sajanshrestha72 Updated 

Gold is running in the parallel channel for quite some time now. Yesterday gold played against the fundamentals and seems to be respecting price action now. As for now we need to see in which direction gold is going to break this parallel channel. Gold staying above 2000 still means that it might go for a bull run again, given the buyers support stays strong...

sajanshrestha72 Updated 

As we can see that gold form a tripple top which indicates clear downside move. The selling pressure is enough to move gold to atlease 1954 areas. Good luck

sajanshrestha72

Gold Price perfectly fulfilled my last idea to atleast hit 1954, making a low around 1945. After the correction, gold made an impulsive move from support level towards 2033, breaking the resistance. Gold currently needs a correction before possible further upside move. So my take profit would be 1975 area. Thank you Disclaimer : The Information and...