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Gold/USD pair එකේ trading signals
- Thread starter DON999RU
- Start date
1294/1292 region still got value..., try to catch the price if it retraces
Hope you got the price with the retracement ...
Fed rate hike was a Gold mine it self...
************Alert: 150618A***********
Have a PENDING BUY ORDER at the region of ~ 1293
Join the limited free whatsapp group for real time signals
************Alert: 150618A***********
Have a PENDING BUY ORDER at the region of ~ 1293
Join the limited free whatsapp group for real time signals
Market reacted bit more strongly than we anticipated,please wait for the comprehensive weekly analysis.
xAU(Gold) fell to the lowest price of 2018 by yesterday(15.06.2018) .Almost a month long narrow ranging gave us an indication that a strong move towards North or South was obvious. It became a reality with a Tsunami like market drop which caused Gold to lose its value nearly by 25$ or 2% .
Before reaching new lows on 14th June, market had a false piercing through the resistance line 1307/1308, which is also above 200-Day moving average, yet.. instantly got declined !
This must have activated long awaiting technical bearish/sell orders & breaking the support line around 1293/1294 level surely ignited the fuel of the rocket 
. Except for that general fundamental facts supports gold to be the “KING OF THE NORTH” .But sadly as for “GOT”… king got killed prematurely !...may be due to some related facts, given below;
1. Dovish/Bearish ECB on Thursday
2. Repeated failure to break through 1302/1307 resistance
3. Italian political crisis
4. Escalating trade war tensions (Between US & China)
5. To the Infinity: Technical & Panic selling!
So, now its important know what would happen in next 2 weeks to come…, here are the possible outcomes,
# If selling pressure leads to breaking of supportive lines of 1274/1275 & 1263 …Gold will rally down to 1236/1240
# If Bulls take over during next week & reach over 1302/1307, the bearish sentiment would be liquidated.
Keep the margin levels healthy & trade wisely!
Dr.Don
Before reaching new lows on 14th June, market had a false piercing through the resistance line 1307/1308, which is also above 200-Day moving average, yet.. instantly got declined !
This must have activated long awaiting technical bearish/sell orders
& breaking the support line around 1293/1294 level surely ignited the fuel of the rocket . Except for that general fundamental facts supports gold to be the “KING OF THE NORTH” .But sadly as for “GOT”… king got killed prematurely !...may be due to some related facts, given below;1. Dovish/Bearish ECB on Thursday
2. Repeated failure to break through 1302/1307 resistance
3. Italian political crisis
4. Escalating trade war tensions (Between US & China)
5. To the Infinity: Technical & Panic selling!
So, now its important know what would happen in next 2 weeks to come…, here are the possible outcomes,
# If selling pressure leads to breaking of supportive lines of 1274/1275 & 1263 …Gold will rally down to 1236/1240
# If Bulls take over during next week & reach over 1302/1307, the bearish sentiment would be liquidated.
Keep the margin levels healthy & trade wisely!
Dr.Don
“The Death Cross”
YES, as our title suggests we are at a “death cross” on our Gold/USD daily chart! .Usually this term is applied when 200-Day Moving Average line & 50-Day MA line having a crossover .At this moment it projects a Long term bearish sentiment (Down trend), BUT…., if you are an experienced trader, back in your mind it clicks that short term reversal (an uptrend, at this moment) is on the way before long term sentiment owns the spectacle.
So, in short.., during the upcoming week, we can expect a minor corrective (up) trend. Most probably it will re-test resistance of 1284/1294 before heading south-ward.
Here are the summed up possibilities for next week,
1. Short term reversal, which might test resistance levels at 1284/1294
*Good chance to close running buy orders
2. Long term trend heading towards 1240/1235 range.
3. In case, by the end of the week market closes above 1302 resistance level, that would waive the red flag to the bulls which are gone out of steam.
*Always follow the cardinal rules of trading and take care of your margin, that’s your oxygen of survival.
* PM to join Free whatsapp signal group.
Trade responsibly!
Dr.Don
YES, as our title suggests we are at a “death cross” on our Gold/USD daily chart! .Usually this term is applied when 200-Day Moving Average line & 50-Day MA line having a crossover .At this moment it projects a Long term bearish sentiment (Down trend), BUT…., if you are an experienced trader, back in your mind it clicks that short term reversal (an uptrend, at this moment) is on the way before long term sentiment owns the spectacle.
So, in short.., during the upcoming week, we can expect a minor corrective (up) trend. Most probably it will re-test resistance of 1284/1294 before heading south-ward.
Here are the summed up possibilities for next week,
1. Short term reversal, which might test resistance levels at 1284/1294
*Good chance to close running buy orders
2. Long term trend heading towards 1240/1235 range.
3. In case, by the end of the week market closes above 1302 resistance level, that would waive the red flag to the bulls which are gone out of steam.
*Always follow the cardinal rules of trading and take care of your margin, that’s your oxygen of survival.
* PM to join Free whatsapp signal group.
Trade responsibly!
Dr.Don
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