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- Fx_Anil replied Sep 26, 2023
Gold price looks set to revisit $1,890 and $1,858 supports but further downside appears difficult. That said, the XAUUSD's recovery needs validation from a two-month-old descending resistance line of around $1,936-37.
- Fx_Anil replied Sep 14, 2023
Gold appears set for $1,893 despite the pre-ECB consolidation. Silver Price, on the other hand, appears sturdy and can bounce off $22.50.
- Fx_Anil replied Mar 3, 2017
I'm afraid that Gold might not break $1217-18.
- Fx_Anil replied Sep 23, 2016
$1346 eyed for Gold.
- Fx_Anil replied May 24, 2016
IMHO, Gold heads to $1233 and the $1208.
- Fx_Anil replied Apr 1, 2016
More likely that the Gold and Crude would stretch their recent downside.
- Fx_Anil replied Mar 3, 2016
Even as the yellow metal prices might find it difficult to clear the $1248-50 horizontal resistance, chances of its rally towards $1285 can't be denied.
- Fx_Anil replied Feb 3, 2016
IMHO, the yellow metal may drop to $1106-05 soon.
- Fx_Anil replied Oct 16, 2015
The yellow metal may find it difficult to break $1176-79 area, could comeback to $1165 should it fails to hold 200-day SMA.
- Fx_Anil replied Oct 5, 2015
Considering the importance of $1141-45 area, encompassing 100-day SMA, coupled with horizontal and descending trend-line resistances, the Gold prices are likely to witness another pullback towards $1100.
- Fx_Anil replied Sep 14, 2015
Gold price are less likely to break 1112-13 horizontal support-turned-resistance, also encompassing the short-term descending trend-line, signaling further declines towards 1090 area.
- Fx_Anil replied Sep 7, 2015
We are again heading south to $1100 mark.
- Fx_Anil replied Sep 3, 2015
Yes, this times NFP will be much more important.
- Fx_Anil replied Sep 2, 2015
Current uncertainty could fuel the yellow metal prices towards $1150-60 area, i would like to sell there with $1200 being an SL and expected 1080 as a downside target.
- Fx_Anil replied Sep 2, 2015
I firmly on the bear side of Gold, less likely to break $1155-60 area. Moreover, stronger USD, coupled with weaker China and India, major consumers of Gold, could continue dragging down the yellow metal's prices.
- Fx_Anil replied Sep 2, 2015
Even if the short-term ascending trend-channel favors Gold up-move, $1141 becomes a trigger to the yellow metal's rise towards $1150. However, downside break of $1136 can make it test $1128.
- Fx_Anil replied Aug 24, 2015
As mentioned last week, gold prices failed to break $1170, witnessing a pullback till $1145 horizontal mark, which if broken could extend the yellow metal declines till $1125 & $1100 mark.. Upside continue to be restricted by $1170, breaking which a ...
- Fx_Anil replied Aug 21, 2015
Having reversed from 1070-75 area, encompassing the descending trend-channel support, during late July, the Gold prices are likely to rollback some of its recent gains should it fail to surpass the seven month descending trend-line resistance.
- Fx_Anil replied Aug 13, 2015
I may be rounding the figures, you're right. Thanks
- Fx_Anil replied Aug 13, 2015
IMHO, post-US Retail Sales release announcement, the Gold prices are likely to break its short-term ascending trend-channel formation, targeting sub-1100 region.