Sangam-Agarwal

Sangam-Agarwal

pair is going up again ready to test yellow neckline resistance of head and shoulder pattern pattern began its formation in late december last year when market was pricing 7 cuts which were wrong but now market is pricing same amounts of cuts and fed is behind the curve dxy is collapsing on daily chart on panic selling before fed jackson hole speech risk is...

Sangam-Agarwal

since price hit 2500 for first time on last friday gold is sideways but it has made this head and shoulder pattern with yellow line working as neckline of pattern . first intraday support 2480 yellow line intraday resistance

Sangam-Agarwal

gold price are going up first it breakout the resistance then retest than goes up again on line chart

Sangam-Agarwal

dollar is collapsing to all time low in gold from $1810 to 2500 level price has made head and shoulder chart pattern now price breaking neckline as based on friday closing price

Sangam-Agarwal

price trading outside the trendline weekly candle trading outside the trend line

Sangam-Agarwal

since 1987 every time overbought stock market goes down fed comes to save the rich which was easy to do because there was no inflation but post pandemic things changed and they can't do it anymore and result is fed stuck in stagflation usa recession begin in september 2022 after hawkish 75bps hike but because election arthur burn rapidly lower the rate hike...

Sangam-Agarwal

resistance 2420 chart pattern triangle below the resistance

Sangam-Agarwal

this price was going up but crash after ending diagonal pattern after fed cut coming confirmation and boj hike last week

Sangam-Agarwal

Gold price made triple bottom at 1620 two years ago since than gold flying on daily chart Rich people and central bank gold buying because us fiscal policy is dominating fed monetary policy. One of the biggest reasons economists forecast of recession has been proven wrong constantly. If USA doesn’t stop its government spending and fed easy money policy aka fed...

Sangam-Agarwal

gold price is up since UR is ticking up in usa now 4.1% and ISM service PMI going down now 48 which says us economy heading towards recession and geopolitical risks one of the many reason intraday gold h1 chart is up yellow horizontal lines are big intraday horizontal support level in gold since bringing of the week price came down before it even tested $2400...

Sangam-Agarwal

this is going up and testing yellow line as an dynamic support level fed has been hawkish recently while boc did their first cut and now they have up tick in their cpi number bullish as long as trading above trend line if trend line breaks than bearish

Sangam-Agarwal

gold price dropped $100 in friday last week on china central banking stopped buying gold and hot nfp number which risk fed projecting 2 cuts instead of 3 and first cut after election price now side near 2300 psychological number after big dump price has failed to breakout big yellow support zone near $2280 in first attempt

Sangam-Agarwal

gold price dumped in big way on strong nfp number but price mostly came down before news but still you can't ignore 4% ur after long time you have declining trend line tested 5 time while rising rsi price have not even tested 2300 psychology level but sentiment are bad for gold right white first cut shift post election overall white trend line is your big...

Sangam-Agarwal

price are going down in vertical line and heading towards big white support zone on recession fear in big economy after yesterday's pmi number EV trend also eating future demand for oil if global recession already began than EV trend after that recession recovery accelerate than oil may face multi year demand destruction

Sangam-Agarwal

price going up testing white trend line on mania of first cut

Sangam-Agarwal

price making rising wedge chart pattern on daily chart

Sangam-Agarwal

yields went up inside a yellow channel now testing lower yellow line after breakout since rate cut are will begin soon so after retest of lower yellow line it can make new lower low

Sangam-Agarwal

price is up again and made new all time high investors bought the dip at $2300 psychological level this new rally is testing upper and lower yellow line price has made yellow parallel channel