solidHeron81673

solidHeron81673 Updated 

Gold is going to break the resistance of 1930 -1960 - 1990 zone , however, it is more likely to fall as RSI shows oversold on the Daily chart and Weekly chart scenarios, MACD & Moving Moving average kissing each other , Most of the retailers are short over $1900, only SL hunt will begin and to 1990 and then it will fall as hedge funds and Market like china will...

solidHeron81673

On a Monthly time frame Gold is still bearish and expected to test 1570 - 1560 - 1542 levels before resuming up to the 1660 - 1680 resistance level

solidHeron81673

Decending Channel on Daily Time frame for Gold - Bearish below 1685 FIB retracement to 0.618

solidHeron81673

Gold made a bullish Engulfing yesterday and confirmed it with a strong move above 50 MA, making a bullish 8/20 EMA cross However, the move was rejected precisely at 200 MA. The majority of indicators support a continued move upwards. As the metal is overbought on the 1 and 4-hour frames, there is a possibility of horizontal movement for the next few days. Today...

solidHeron81673

Gold made a bullish Engulfing yesterday and confirmed it with a strong move above 50 MA, making a bullish 8/20 EMA cross. However, the move was rejected precisely at 200 MA. The majority of indicators support a continued move upwards. As the metal is overbought on the 1 and 4-hour frames, there is a possibility of horizontal movement for the next few days. then it...

solidHeron81673

Gold Movement on 4 Hrs Chart and upward retracement since Gold has tested 1743 multiple times, FOMC has no given no clear indication that Tapering will in 2021 with 3 months left to initiate the process