Daily Chart - Wednesday - Bear Sign
4 Comments for:
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Daily Chart is Giving Little Indication for Gold to go Bear.
Further Studies are underway.
I am Analyzing the Chart, I will Post the Chart in few minutes, Currently Analyzing.
I feel gold will do Double bottom
If you see the 200 day Moving Average was at 543 Level
Now its 550 Level.
Its wanting it to touch it, And then Sky rock
Next week, We feel Gold Bearish Tone shall END.
posted by GoldTrade @ 3:39 PM
4 comments
4 Comments:
Appreciated your helpful analysis.
I'm waiting for an opportunity to buy gold before it's up in July. Should I buy after Fed 28-29 Meeting or buy now? And what is the bottom price at which I should enter the market Please advise.
First of All, I should tell you Very Superb Question Asked.
Its not right now a Good opportunity to Buy nor sell.
But if you would like to trade on short term (Quick to Quick Basis) I would Advice you to Visit my Website, to get more idea.
But if you are Long term trader, I would Advice you to go Long after FED 28-29
There are Many reasons, I mentioned on my Website last week
Gold will play 545 - 585 Level Before FED.
And Daily Chart shows improvement as its nearing to FED days.
If you see your Own Daily Chart, you will see Good improvements coming in MACD, RSI
But right now TODAY(Wednesday) we feel gold to take a Dip.
I feel Double bottom would be Necessary.
I will Appreciate if you put your E-mail Address on our Mailing List,
And register yourself here, Instead of Posting Anonymous, so its more easier.
Await for more updates, We are here to help.
Thanks
Owais
Thank you so much for your prompt advice.
I had added my email to your mailing list, and will register a proper name here soon.
Will keep coming back for updates.
Regards,
Well Today Asian Market was very Panicking, All Asian Players thought to sleep for long, and take break.
But European Players, made the price little down.
We see Price to go little more down.
I assume Double Bottom Shall Happen by end of this Week.
580-585 looks resistance level before FED meeting.
The Main thing traders, shouldnt panic, and think if gold is up 3-5.. they will immidately Close there Position and go reverse.
I feel Gold to go little down. When NY Market opens also.
As The price went 579, And now at 574
The Market rejected for the Price to go more further today.
So we feel a Little Bear tone.
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