GOLD WEEKLY TRADE ANALYSIS(13OCT-170CT) Gold Trade by Price Action - 0 IF GOLD CAN BREAK THE PREVIOUS HIGH 4059.28 THEN IT COULD BE GONE 4100.00 OR MORE HIGH LABEL!! Gold, fundamentally, has been passing a high-demand situation. The trade war, which was sparked by unexpectedly high tariffs on China and India by the US government, This tariff and trade war brought the dedollarization. India, China. Russia and many other countries have been increasing their gold reserves. Not only this, but now the world economy is getting uncertain. When the world is facing any worse situation, then the gold demand becomes high; it is the evergreen gold demand fundamental. In a technical view, gold in monthly, weekly, and daily charts is fully in a perfect uptrend. The trend momentum is very high. Last month 02
WEEKLY ANALYSIS AND TRADE IDEA OF GOLD, EURUSD AND USDCAD!! (June-30-July-4) Forex Analysis by Price Action - 0 WEEKLY ANALYSIS AND TRADE IDEA OF GOLD, EURUSD AND USDCAD!! GOLD-- BULLISH CHANNEL BREAK BUT WE ARE LOOKING FOR BREAKOUT CONFIRMATION FOR SELL ENTRY!! Gold, last Friday, was able to break the long-time remaining bullish channel! But, it just breaks, we can't take any directional mood without more confirmation, because it could be a false break. So we are looking for a breakout confirmation. If Gold sustains the breakout of the Range and bullish channel, then it will be a bearish trend movement in the daily chart. However, Gold closed below the 50ema and 21 EMA in the daily chart. And there is a sign of bearish momentum. We expect that, if gold holds under the price label of 3292.00, then it could go down to