GOLD achieved our 2nd Price Objective as pointed out in our 23-December 2018 Post.

In our blog post dated 23-December 2018 just 2 weeks before, for price objective of Gold from our technical analysis for Gold, we wrote, “In this blog post for Spot Gold, we have highlighted the future price objectives of Spot Gold at <1> 1,287 as price objective level 1, <2> 1,321.4 as price objective level 2”.

Just after 7 days after our post on Gold, Gold achieved our second price objective smoothly at 1,321.4 level on Wednesday 30-January 2019 after reaching our first price objective at 1,287 level on Friday 25-January 2019. Our posts’ price objectives were so definitely accurate. This is only because since we Trade for our leaving.

In our blog post dated 23-December 2018 just 2 weeks before, for price objective of Gold from our technical analysis for Gold, we also wrote for the 3rd price objective as, “1,349.9 as price objective level 3 as marked in the above weekly chart”.

This 3rd price objective of 1,349.9 is only 32.2 points away from the last Friday’s close for Gold which was at 1,317.7 price level as shown below:

Commodity-Trading-NP-Financials-Gold-weekly-Chart-January-2019

Now learn how to trade Spot gold Market as a commodity or currency with us to explore the possibility of earning passive income keeping your day job. Spot Gold Market can be traded through our Power of Scientific Method of Market Analysis as a derivative.

Our Proprietary Commodity Trading Strategy will guide you through Our Power of Scientific Method of Market Analysis every step of your trading in a commodity like Spot Gold and explore the possibility of earning extra income. Learn what all other Commodities we are Trading in our Commodity Trading Asset Class. Develop yourself as a professional trader capable of capturing extra income in the future with us.

Trade Commodity Spot Gold Market as a contract for difference through Our Power of Scientific Method of Market Analysis.

To know how to Trade these type of Markets through Our Power of Scientific Method of Market Analysis in future, please book your 30 minutes FREE session with us at Level 3, 2 Brandon Park Drive, Wheelers Hill, Victoria 3150.

Please click on the Contact Us link: Goo.Gl/2SRZoG

Call us on +61 3 9566 7275
email: info@npfinancials.com.au

Our 23-December 2018 Post:

In our blog post dated 14 October 2018, we wrote, “If the price of Spot gold (XAU/USD) Market in the coming week i.e. week number 42 (from 15.10.2018 till 19.10.2018) goes above 1,226.5 level then it can be considered to go up further”.

As per our above price objective writing for Spot Gold in our blog post dated 14 October 2018, price indeed went above the mentioned level of 1,226.5 level in the said week number 42 (from 15.10.2018 till 19.10.2018) and closed at the level of 1,226.8 with a high price printed at 1,233.4 level. Point to be noted here is, both the prices (close price as well as high price) of Spot Gold actually went above our mentioned price level of 1,226.5.

Spot Gold Price Objective

Exactly as per our price objective writing for Spot Gold in our blog post dated 14 October 2018, price indeed went further up and now the price of Spot Gold is at 1,255.8 as shown in the weekly chart.

We have highlighted the bullish reversal candles for Spot gold in the weekly chart as

1> Bullish “Piercing Candle” plotted in 20-August 2018 which was week number 34,

2> Bullish “Morning Star Candle” plotted in 17-September 2018 which was week number 38, and

3> Bullish “Engulfing Candle” plotted in 01-October 2018 which was week number 40. After this, there was no looking back. It is continuously printing higher peak on 22-October 2018  which was week number 43 and higher troughs on 12-November 2018 which was week number 46 and another one on 26-November 2018 which was week number 48.

In this blog post for Spot Gold, we have highlighted the future price objectives of Spot Gold at

1> 1,287 as price objective level 1,

2> 1,321.4 as  price objective level 2, and

2> 1,349.9 as price objective level 3 as marked in the above weekly chart.

Now learn how to trade Spot gold Market as a commodity or currency with us to explore the possibility of earning passive income keeping your day job. Spot Gold Market can be traded through our Power of Scientific Method of Market Analysis as a derivative.

Our Proprietary Commodity Trading Strategy will guide you through Our Power of Scientific Method of Market Analysis every step of your trading in a commodity like Spot Gold and explore the possibility of earning extra income. Learn what all other Commodities we are Trading in our Commodity Trading Asset Class. Develop yourself as a professional trader capable of capturing extra income in the future with us. Trade Commodity Spot Gold Market as a contract for difference through Our Power of Scientific Method of Market Analysis.

To know how to Trade these type of Markets through Our Power of Scientific Method of Market Analysis in future, please book your 30 minutes FREE session with us at Level 3, 2 Brandon Park Drive, Wheelers Hill, Victoria 3150.

Please click on the Contact Us link: Goo.Gl/2SRZoG

Call us on +61 3 9566 7275
email: info@npfinancials.com.au

Our blog post dated 14 October 2018:

Future Price Objective Analysis for Spot gold (XAU/USD): In this post, we have highlighted the possible future Price Objective Analysis for Spot gold with the help of our Technical Analysis as shown below. The chart shown below is a weekly time frame chart for the Price Objective Analysis for Spot gold currency pair.

Analysis for Spot gold

After going through this Analysis for Spot gold (XAU/USD) Technically, you will be in a position to understand the following:

  1. Why Price of Spot Gold Currency (XAU/USD) is doing what it is doing as of now,
  2. What are the specific support and resistance levels for Spot Gold Currency (XAU/USD) we are illustrating here according to our current observation,
  3. What Price of Spot Gold Currency (XAU/USD) can do in future if the said Market Structure matures,
  4. How you can take advantage of Our Technical Analysis for the Spot Gold Currency (XAU/USD) Currency Market.

Spot gold (XAU/USD) Market price at the time of writing this blog post is 1,217.9. For the future Price Objective Analysis for Spot gold (XAU/USD) above we have chosen the weekly chart. The Fibonacci for the future Price Objective Analysis for Spot gold (XAU/USD) is drawn from the swing low of week number 50, 2016 (from 12.12.2016 to 16.12.2016) to the swing high plotted on week number 15, 2018 (from 09.04.2018 to 13.04.2018). Spot gold (XAU/USD) Market was trapped within the 61.80% (price level of 1,215.4) Fibonacci level and the 78.60% (price level of 1,174.7) Fibonacci level from the week number 31, 2018 (from 30.07.2018 to 03.08.2018) till last week i.e. week number 40, 2018 (from 01.10.2018 to 05.10.2018). Price of Spot gold (XAU/USD) Market last week (from 08.10.2018 till 12.10.2018) closed above the 61.80% (price level of 1,215.4) Fibonacci level for the first time after 10 straight weeks. This can be considered as important close for Spot gold (XAU/USD) Market. If the price of Spot gold (XAU/USD) Market in the coming week i.e. week number 42 (from 15.10.2018 till 19.10.2018) goes above 1,226.5 level then it can be considered to go up further.

To substantiate the above analysis for Spot gold (XAU/USD) Market, we have shown the monthly chart for the same market (Spot gold XAU/USD) below:

Spot gold (XAU/USD) Market monthly chart

Monthly price chart of Spot gold (XAU/USD) above is also showing a support level. The support levels were generated by joining the swing low plotted on the month of December 2015 till August 2018 and again by joining the swing low plotted on the month of December 2016 till August 2018.

Now learn how to trade Spot gold Market as a commodity or currency with us to explore the possibility of earning passive income keeping your day job. Spot Gold Market can be traded through our Power of Scientific Method of Market Analysis as a derivative.

Our Proprietary Commodity Trading Strategy will guide you through Our Power of Scientific Method of Market Analysis every step of your trading in a commodity like Spot Gold and explore the possibility of earning extra income. Learn what all other Commodities we are Trading in our Commodity Trading Asset Class. Develop yourself as a professional trader capable of capturing extra income in the future with us. Trade Commodity Spot Gold Market as a contract for difference through Our Power of Scientific Method of Market Analysis.

To know how to Trade these type of Markets through Our Power of Scientific Method of Market Analysis in future, please book your 30 minutes FREE session with us at Level 3, 2 Brandon Park Drive, Wheelers Hill, Victoria 3150.

Please click on the Contact Us link: Goo.Gl/2SRZoG

Call us on +61 3 9566 7275
email: info@npfinancials.com.au

 

Related Links:

Learn Basics of Forex Trading with Partha Banerjee of N P Financials, the Prop Trading Firm at Melbourne

On completion of the “Basics of Trading” course, You will develop an In-depth understanding of Fundamentals factors moving Markets. You will be able to clearly understand the Market Jargon e.g. Swaps, Spread, Slippage, Margin, Leverage, Tom-Next etc. You will also know more about why we are saying, “Aussie is following our way”.

Start your Forex Trading with Partha Banerjee of N P Financials by doing one-on-one coaching

Learn Trading from our A full-time Professional Trader. This is a step by step hand holding program designed keeping in mind your learning progression. You will also know more about why we are saying, “Aussie is following our way”.

Learn the Foundation of Forex Trading with Partha Banerjee of N P Financials, the Prop Trading Firm at Melbourne

A full-time professional trader from NPF (Professional Proprietary Trading firm) will be your own personal coach for 3 months. It will give you twelve, one-on-one coaching sessions. You will be attending one monthly Seminar. You will also know more about why we are saying, “Aussie is following our way”.

Take advantage of our Proprietary Forex Mentorship Program with Partha Banerjee of N P Financials, the Prop Trading Firm at Melbourne

A full-time professional trader from N P Financials will be your own personal coach for 6 months. You will be introduced to our Proprietary Trading Edge. It will give you twenty-four, one-on-one coaching sessions. You will also know more about why we are saying, “Aussie is following our way”.

Advance your Forex Trading Progression with Partha Banerjee of N P Financials, the Prop Trading Firm at Melbourne

A full-time professional trader from N P Financials will be your own personal coach for 9 months. You will be introduced to our Proprietary Trading Edges. You will also know more about why we are saying, “Aussie is following our way”.

Develop yourself as a Professional Forex Trader with Partha Banerjee of N P Financials, the Prop Trading Firm at Melbourne

A full-time professional trader from N P Financials will be your own personal coach for 12 months. You will be introduced to our Proprietary Trading Edges. You will also know more about why we are saying, “Aussie is following our way”.

Learn how to Code in Trading with Partha Banerjee of N P Financials, the Prop Trading Firm at Melbourne

A full-time professional trader from N P Financials will be your own personal coach for 3-6 months. You will be trained on how to learn the Market Programming Language.

Develop your own Market Scanning System with Partha Banerjee of N P Financials, the Prop Trading Firm at Melbourne

A full-time professional trader from NPF will be your own personal coach for 3-6 months. You will be trained on how to Develop your Market Scanning Edge.

Develop your own Trading System with Partha Banerjee of N P Financials, the Prop Trading Firm at Melbourne

A full-time professional trader from NPF will be your own personal coach for 3-6 months. You will be trained on how to Build your Trading Edge.

Take advantage of our Proprietary One day Forex Training Courses with Partha Banerjee of N P Financials, the Prop Trading Firm at Melbourne

Take Advantage of On-Demand Learning from popular One Day Courses. Identify Correct and Relevant Market Reversals through advanced Candlestick Charting. Understand Market Evaluation through our specialized Fibonacci Techniques. Understand correct Price Plot Patterns.

Spread the love