boyinjungle

boyinjungle

Gold formed pin bar in Daily. There is good volume as support. Today if price is able to sustain above this 1620 level we can test the previous highs of 1640 and 1650. However there is strong resistance at 1680 which may be end bulls. BUY 1622 SL 1616 TP 1632

boyinjungle

Gold is in downtrend. Yesterday gold test the support near 1620. Today I hope gold will continue in sideways testing the support at 1620 and resistance at 1640. If gold breaks support and closes below 1620 then we will see dip below 1600. If gold closes above 1640 then the next resistance is at 1650 and 1680. Closing above 1680 will signal trend reversal. We have...

boyinjungle

Gold is in downtrend. Still the support levels are breaking one after other. Today the support at 1640 is broken. I see gold will find support near 1620 where we can see sideways movement for some days. I think we can see some bullish trend only after testing support near 1580. Seeing the instant price action near 1626 we can go for small buy near this. BUY 1626...

boyinjungle

Gold is accumulating between 1660 and 1680. For bulls to show we need to close above 1692. Seeing the bearish value zone we can expect 1592 in coming days. SELL 1680 SL 1688 TP 1654

boyinjungle

After making a low of 1656 gold is still not bullish. Gold is consolidating and accumulating to form ascending triangle Presently we need to wait for breakout above 1680 for fresh buying. I hope this happens at FOMC meeting SELL 1680 SL 1688 TP 1666

boyinjungle

Yesterday gold made a higher low near 1697. We can take a good longterm BUY with SL 1688 near this level. The present value zone is trending up. Yesterday gold tested the support at lower level of value zone. Today price may test to break yesterday low and if bulls are strong we will be good to make our higher high at 1742 by week end In present level we should...

boyinjungle

Gold is in a uptrend value zone making small highs and lows. Today Gold may test the resistance at 1743. Present 1728 is weekly resistance. So we can expect any reversal from here if bulls are weaker. If price is able to sustain above this level in daily candle we will have this as support in next week. Today we have important news in US time. So expect price to...

boyinjungle

Gold is consolidating after forming a double bottom by testing the support at 1690. However we need a breakout from the present sideways pattern above 1728 in daily chart for more bulls to show. Today is week close. So we can expect SL hunting on sell side. We can hope for the breakout next week. SELL 1726 SL 1732 TP 1716 BUY 1706 SL 1696 TP 1726

boyinjungle

Yesterday the monthly candle closed in bearish sentiment. Dollar is getting strong due to crisis in europe and china. This is having high impact on gold also. Considering the TA we can see Gold is in downtrend since it made high of 2070 after war. It tested the 1680 lows and made a good high of 1800. In my thought I feel gold has come back to test this 1680...

boyinjungle

Gold is near the lower boundary of its value zone. The 1720 level is double bottom and can help gold to make new highs. However we have a test for trend line at 1732. So we need to wait for confirmation to breakout above 1732 to go for longterm buy. SELL 1732 SL 1738 TP 1722 BUY 1722 SL 1717 TP 1732

boyinjungle

Gold is bullish making HH and HL. Today gold may test the 1770 level considering the bulllish trend. However there is a very strong resistance at this level. So we may see a pull back from this. The present value zone has support above 1750 and resistance above 1770. BUY STOP 1756 SL 1748 TP 1766 SELL 1774 SL 1780 TP 1765

boyinjungle

Gold is in uptrend value zone for now. Gold is making higher high since it made low of 1726. Presently the momentum is still not strong for bulls. Considering the important news today and tomorrow we can see strong direction this week. If gold makes any pullback at the time of news we will see for buying considering the uptrend. The important levels are...

boyinjungle

Yesterday Gold broke out from the upper boundary of strong bearish value zone. Today it will have a test for this breakout. If we close above 1736 in Daily then then test passes and we can expect more highs. This test may happen in US session when news out. Gold has strong resistance near 1772 and we can expect gold to rebound after this level. BUY 1736 SL 1726...

boyinjungle

Yesterday gold tested 1727 which is lower support of value zone. Today Gold will test the 1746 level and this will decide if we have breakout or not. Gold is in heavy bearish trend. So bears are more strong. All other currencies are also falling. So its better to follow the trend for intraday. But considering the lower lows being made these are very good price for...

boyinjungle

Gold was very bearish last week and bulls did not show any day. Every day closed in red. But presently gold is near key support. So we can take some risk and go long. This is Fib 50 percent level and in buying zone. If this level fails then Gold will go further down near 1720 level. But we can expect small rebound at present level. This week is very crucial as we...

boyinjungle

Gold is continuing its downtrend and closed below the Fib 62% support. This is a good level for fresh buying and we can expect a reversal above 1745 which is also Fib 50%. Present level is also the upper boundary of the longterm downtrend value zone from which gold broke out. So this level is very important for Gold price to find its direction. If we close below...

boyinjungle

After making highs near 1800 Gold made a pull back. The volume levels with price suggest that we can see a rebound near 1756. This level is also the upper limit of the strong downside value zone from which gold broke out to reach the highs. BUY 1756 SL 1748 TP 1788

boyinjungle

Gold made a lower low 1774 and lower high 1801. This indicates trend reversal. This is healthy correction and we can test the levels near 1750-1760 which are 50-62 % levels of Fib retracement. Today EU market is holiday. But still gold sell off happened. We can expect a reversal in US time. BUY 1776 SL 1772 TP 1796 SELL 1796 SL 1804 TP 1766