xeshaan

xeshaan

If price breaks 1929 level sell will be suitable below 1929 and market can hit 1912 level. On the other hand for downward market is weak. So wait for selling order once market retest 1946 and 1952 level.

xeshaan

Well last week gold closed really good with a clear bearish candle and this zone is a clear re-buy zone. at this time price is at 1930 and can go up to 1942 which is next resistance level but I believe it is going to test 1903 level with in this week and I am waiting for price reversal for today to short it. Gold is still in it's bearish trend and will reach 1903...

xeshaan

As I told last day, Gold is still in it's bearish trend and will reach 1903 soon. GOLD - In bearish pattern - I see that it will continue it's bearish move - DXY is at resistance level and can break this resistance - DXY will move upto 102.500 level and above, which will pressure gold to go bearish Continue with Entry: GOLD Short Signal was given: 1934.00 Move...

xeshaan Updated 

GOLD - In bearish pattern - I see that it will continue it's bearish move - DXY is at support level and also long time bearish - DXY will move upto 102 level and will pressure gold to go bearish Possible Entry: GOLD Short Zone: 1934-1939 (Wait for short confirmation on 15m or 30 min candle) Stop Loss - 1951.00 Take Profit: TP1: 1920.00 | TP2: 1910.00 | TP3:...

xeshaan

As per now Gold is in range of 1970-40. And this is a critical area. gold tried to pull down in Asian session but in London session it took jump and back is near opening price 1957. DXy also developed a bearish channel and will stay in that channel, which is increasing buying pressure on gold. so gold can retest 1965-70 level before going further down. Once the...

xeshaan

Last day after CPI new gold sold massively and today and interest rate change it can sold further more. On technically Price is in this triangle and will try to break it. SO I think break of this triangle is will bring a good opportunity to short gold. If price broken to downside key levels to watch are 1928, 1914 and The sentimental support of 1900 level.

xeshaan

So last day gold made a vary short candle after it tried to test 1668 resistance level and dropped to 1650 which is a support zone. Today since morning gold is bullish and trying to test again 1668 level. And there is a clear chance that It will break this level today and will go to test 1680-1686. So eyes are up for these levels while ultimately for this week...

xeshaan

This week market will be bullish on a long run, white trend line is important. if Gold breaks this trend line in June, It will short otherwise gold will continue uptrend in coming months...

xeshaan

Last gold tested 1932 and was unable to break 1930 level and bounced back to 1965. So technically it is forming another HL at this level and will continue it's bearish trend. next important resistance is 1972, 1977 and 1982. While gold can continue it's bearish trend and go to test 1927 level. On 4H candle it is perfectly formed according to DOW Theory. So we will...

xeshaan

after market broke the bullish pattern last week on 16th May, market is in range no and have no continuous direction. now there are three possible scenarios. 1. As in analysis you can see 1952-1984 is a range zone. so the short call is only possible below 1952-50 zone. But we can see that lower momentum is down so it might cross it or can give a fake breakout...

xeshaan

Market currently will test 1990 zone and drop again towards 1950. if current scenario will continue market can got for 1930 level. While there is also fundamental triggers that can push gold up so take trades carefully. Upward is only possible if market crosses 2000 level

xeshaan

Last day after news, gold pushed down and faced rejection at 2008 level and later in evening it moved up. Today morning in Sydney session market opened with gape and when up to test 2067 level a yearly high level. After testing 2067 level market dropped immediately and now being traded at 2039 level. We will face more data release today and tomorrow. Now gold...

xeshaan

Last day after news, gold jumped and moved to 2010 level and later it hit 2020 level. Now It's almost 20 plus hours it is playing on the same area and RSI is forming a straight line. This move was totally based on fundamentals. As per my previous analysis I told you in last week on Monday that gold will be in a range. Now it looks like it has broke the range but...

xeshaan

Market is in range and can be in ranging rectangle for 1-2 days and will try to break range. Trend is turning to bearish so take only short trades. Short it near 2000 and aim for 1950 but you can cut it near 1972 if you se reversal in rectangle range on 30 min candle.

xeshaan

As i mentioned it on my videos and previous analysis that gold and face short-term price decline and can possibility hit 1910 level in up coming weeks. Well right now price has dropped from 2004 level to 1972 level which is almost HKEX:33 and 320 pips. 1976 was a critical zone and it is broken now, which is a clear indication that market has turned into bearish...

xeshaan Updated 

OK so price is dropping continuously but I think gold has defined it's trend in between these yellow lines. SO the downward or upward break of these lines will give us a proper direction otherwise gold will stay in these lines and it will go upward now and drop again. For a swing trade wait for it to break lower trend line and then it will gives you an entry when...

xeshaan

Today is bank holiday in Asia and Europe and only US markets will be opened today. The Market will be having low volume because of bank holiday. Today is a vary important news of Non-Farm Employment Change in US which always causes huge impact on Gold and Dxy. this analysis is focused on news and gold trends. Be careful before going into market. As we can see...

xeshaan

Gold is near it's resistance level of 1990 and testing price level of 1985. Which it failed to break and took and dive and dropped around a 100 pips and right now again going to test resistance level and right now price is at 1978.862. Today is an important day as it's last day of month and as well as last day of week. from previous data gold has a lot of buying...