Gold is moving UP exactly as per our Technical Analysis @April, 26 2020. In our blog post, dated April 26, 2020, related to Technical Analysis for spot Gold, we reported, “to reach to the level of 1,900, Gold has to cross the resistance of 1,747.8 printed on week number 16 i.e. week stared on 13-Apr-2020 and completed on 17-Apr-2020. If Gold is closing above 1,747.8 level on a weekly basis and its (the bar which closed above 1,747.8 level) high is taken out then our targets would be as below:
1. 1,779
2. 1,838
3.1,900
4. 1,905
5. 1,973”.
Now, at the time of writing this blog post for Technical Analysis for spot Gold, we are observing that spot Gold has closed above the previously mentioned 1,747.8 resistance level on week number 26 i.e. week started on 22-Jun-2020 and completed on 26-Jun-2020. Not only this but also spot Gold as per our Technical Analysis, has already taken the high of the bar of week number 26 on week number 27 i.e. week started on 29-Jun-2020 and completed on 03-Jul-2020.
Gold has already reached our 1st target of 1,779 price level as per our previous Technical Analysis for spot Gold.
Our 2nd profit target according to our previous Technical Analysis for spot Gold is at 1,838. Now Gold is trading at 1,807.3 with a high already printed as 1,818.1.
Trade like a pro and do a predictive technical analysis in any of the asset classes, you want to consider for buying or selling, when you are trained by us.
Learn how to trade Gold for buying or selling as a commodity or currency with us to explore the possibility of earning passive income keeping your day job. Commodity Gold Market can be traded through our proprietary technical analysis Method of Market Analysis as an trading instrument.
Our Proprietary Commodity Trading Strategy will guide you through Our Powerful Market Analysis Method every step of your trading in a commodity like Commodity Gold for buying 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.
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Our Blog Post dated April, 26 2020:
Is Gold going to go up to 1900? To Learn how to Trade Gold, Contact Us.
Gold, at the time of writing this post, is trading at 1,729.3. To Trade Gold, we need to know what the levels for Gold as of now.
To Trade Gold, first point to know is, recently Gold has broken the previous resistance printed on week number 11 i.e. week stared on 09-Mar-2020 and completed on 13-Mar-2020. To Trade Gold, this previous resistance can become a new support.
To Trade Gold, the next point to remember is the next support level of gold which is at 1,677.8. This support level of 1,677.8 got generated from the Fibonacci Retracement of 23.6% drawn from the swing low of week number 12 i.e. week stared on 16-Mar-2020 and completed on 20-Mar-2020 to the swing high of week number 16 i.e. week stared on 13-Apr-2020 and completed on 17-Apr-2020.
To Trade Gold, the 3rd point to remember is the next support level of gold which is at 1,634.6. This level support of 1,634.8 got generated from the Fibonacci Retracement of 38.2% drawn from the swing low of week number 12 i.e. week stared on 16-Mar-2020 and completed on 20-Mar-2020 to the swing high of week number 16 i.e. week stared on 13-Apr-2020 and completed on 17-Apr-2020.
Now to reach to the level of 1,900, Gold has to cross the resistance of 1,747.8 printed on week number 16 i.e. week stared on 13-Apr-2020 and completed on 17-Apr-2020. If Gold is closing above 1,747.8 level on a weekly basis and its (the bar which closed above 1,747.8 level) high is taken out then our targets would be as below:
1. 1,779
2. 1838
3.1,900
4. 1,905
5. 1,973
To Trade Gold, you must be knowledgeable of its fundamentals and technical.
Trade like a pro and do a predictive technical analysis in any of the asset classes, you want to consider for buying or selling, when you are trained by us.
Learn how to trade Gold for buying or selling as a commodity or currency with us to explore the possibility of earning passive income keeping your day job. Commodity Gold Market can be traded through our proprietary technical analysis Method of Market Analysis as an trading instrument.
Our Proprietary Commodity Trading Strategy will guide you through Our Powerful Market Analysis Method every step of your trading in a commodity like Commodity Gold for buying 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.
To know how to Trade gold and these type of Markets through Our Prop Trading Method 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 9790 6476
email: [email protected]
We did it again: Spot Gold reached all 3 of our Price Objectives as we predicted in our Blog Post dated 26.07.2019.
This is the effectiveness of Price Action Trading (for predicting Price Objectives from current technical analysis) which actually proves itself to work repeatedly as we are successfully demonstrating for last so many years here in our free to public blog posts.
In our blog post dated 26.07.2019 we wrote for Spot Gold’s Price Objectives, ” From our predictive price analysis, the Price Objectives for Gold if you are buying, can be found as below:
1,421.2 price level,
1,433.8 price level,
1,509.7 price level”.
And magically Spot Gold, after our blog post, reached all the 3 Price Objectives as shown below:
Spot Gold achieved our predictive 3 Price Objectives on the following dates after our blog post dated 26.07.2019:
- Spot Gold achieved our predictive Price Objective of 1,421.2 level on 17.07.2019
- Spot Gold achieved our predictive Price Objective of 1,433.8 level on 18.07.2019 and
- Spot Gold achieved our predictive Price Objective of 1,509.7 level on 07.08.2019.
Trade like a pro and do a predictive technical analysis in any of the asset classes, you want to consider for buying or selling, when you are trained by us.
Learn how to trade Commodity Gold for buying or selling as a commodity or currency with us to explore the possibility of earning passive income keeping your day job. Commodity Gold Market can be traded through our proprietary technical analysis Method of Market Analysis as an trading instrument.
Our Proprietary Commodity Trading Strategy will guide you through Our Powerful Market Analysis Method every step of your trading in a commodity like Commodity Gold for buying 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.
To know how to Trade these type of Markets through Our Prop Trading Method 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 9790 6476
email: [email protected]
In this blog post, we are carrying out Technical Analysis of Commodity GOLD which is showing Buying Pressure.
After heating all our previous 3 targets, Gold is still having Buying Pressure. As shown in the Technical analysis chart for Commodity Gold for buying, traders are continually buying after it has crossed the critical levels of 1,366.1 and 1,375.3. The price peaked at 1,366.1 after buying in the month of January 2018 as shown in the monthly chart. The price peaked at 1,375.3 after buying in the month of July 2016 as shown in the monthly chart. Seeing these 2 levels getting surpassed, the Buying Pressure has been intensified.
To evaluate the Buying Pressure for Gold, we have drawn standard error channels as:
1. from the swing low of December 2015 and
2. from the swing low of December 2016. These 2 powerful channels are still very much valid.
At the time of writing this blog post, Gold for buying is trading at the Buying Pressure level of 1,415.8. Now the previous 2 swing highs at 1,366.1 and 1,375.3 have become it’s recent supports.
From our predictive price analysis, the price objectives for Gold if you are buying, can be found as below:
- 1,421.2 price level,
- 1,433.8 price level,
- 1,509.7 price level.
You can also trade like a pro and do a predictive technical analysis in any of the asset classes, you want to consider for buying, when you are trained by us.
You can learn how to trade Commodity Gold for buying as a commodity or currency with us to explore the possibility of earning passive income keeping your day job. Commodity Gold Market can be traded through our proprietary technical analysis Method of Market Analysis as an trading instrument.
Our Proprietary Commodity Trading Strategy will guide you through Our Powerful Market Analysis Method every step of your trading in a commodity like Commodity Gold for buying 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.
To know how to Trade these type of Markets through Our Prop Trading Method 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 9790 6476
email: [email protected]
