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How strong is the support at 2010 levels proven out yet again I have mentioned several times in the recent times that 2010 is going to be a very strong support precisely gold achieving the levels has reversed and traded with the modest bullish bu yes on the upside it
Failed to break Beyond 2026 levels here now what to expect today from gold how we can profit what is going to be the uh simple strategy to profit trading goal today we will see with the help of charts and indicators if you’re new to the channel subscribe to the channel to
Get twice a day update second update will be released before the US session do like share and comment and if you not joined the channel memberships do join the channel memberships and enjoy the benefits let’s start first we look into our now look at this trend line this
Trend line is coming from the daily charts and how beautifully it is respected on the hourly charts as well yes there was a breakout but failed to sustain see almost all the candles are respecting this trend line This is the beauty of analysis here now on the
Upside as well right now we are seeing seeing lower highs 2026 2024 Zone proven out to be a greater resistance here on the upside what has happened we have seen it retracing now it is looking starting to look downwards with the modest beish bias let’s see how far it
Can I think 2018 level should be a very very good support here on the downside this complete Zone on the downside 2018 2014 very very strong support exist here a stock itic looking down magdi is in retracement mode it is not yet reversed RSI flat coming to two hour likewise on
The 2our charts higher lows retracement low see it is getting a push from the upside here not willing to stay bullish see all the candles staying below 2024 2026 Zone which is proving out to be a greater resistance here but see it is not showing signs of bearishness as well
As of now we have to watch out if it breaks below 2018 level certainly little more bearishness can be seen but still as long as 20110 2012 is respected do not trade gold as bearish a stock as has retraced magd is Divergent magd is bullish it is looking upwards RSI flat
Coming to what has happened on the 3our chart after the drop price is retraced towards the 2050 period moving average which is proving out to be a great resistance Zone here we have to watch out more carefully and then around this Zone any break out Beyond 2026 levels
And then above 20 30 32 zones should be considered for a reversal the stock itic Rising magd has crossed over and again trying to diverge his sign of uh Bulls here this is sign of buying here but let’s watch out more RSI also trading with a modest bullish bias coming to
Four similar is the observation on the 4our charts there is a push from the upside and none of the candles try to close above 25 26 Zone we have to watch out at these levels bullishness getting diminished here at the same time support levels you should look at see support
Levels at 2018 are very very strong and then as long as 2014 20110 levels are respected we have to be care careful here one must note that sharp drop retracement and if it breaks here on the downside it is going to lead towards to a sharper drop also breaking out Beyond
This trend line and closer of any candle below this trend line certainly should be a sign of bearishness the stock High sck Rising mag be crossing over here for a bu one uh buy one bullish candle possibly it could yield more bullish candles from here RSI Rising coming to
Daily on the daily chart see this is the trend line which I am talking about it is beautifully getting respected here on the daily charts as well yesterday again it tried to breach but failed to close below and closed on the upside now look at today where it has started it has
Started on a flat note it has already created lower highs now before we look into further detail and I share the trading strategy for the day if you want to learn this art of trading be a part of my 28th mentorship batch commencing on 29th of January register yourself now
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And details of the markets for the coming week Ral for the webinar now coming to the Daily charts see first of all one must note that preceding candle was a swing candle with lower highs lower lows again today it is already started the day on the lower highs th it
Is important if you see it is staying above 2026 that is the only point above which we can say that it is trying to or it will try to move towards 20 30 32 Zone and once it stays about 20 30 32 Zone that is the point of time we can
Say that uh it can aspire to achieve 3640 Zone after that and again that should should be the call for the reversal gold appears to be trading with muted bias as of now it is neither willing to break on the downside nor willing to rise yes it is showing very
Very muted movement as of now is stock itic looking downwards magd is bearish RSI is almost flat considering this I will recommend you to buy 2026 levels and see selling at 2018 can be or Sals at 2018 can be taken but you have to be cautious here very very strong support
At 14 15 first support levels 20 10 12 next support levels very strong support exist here uh critical level for the day is at around 2014 205 levels below which certainly we can say that the bear will take over you have to wait for a candle closer below 2014 in order to confirm
Further bearishness thus take your trades accordingly uh do not trade between at least 2018 to 2026 levels and largely between 20110 to 2032 levels this $20 zone is going to be a critical sing Zone only above and below which you can confirm the Bulls and beers take your trades accordingly have a great
Profitable trading day like share subscribe and comment join my webinar series mentorship batch and signals channel do watch the next update before the US session thank you very much
6 Comments
This thumbnail is nice
Sir apka knowledge Kamal ka hai but Aisa lgta hai ki ap gold ko 2200 level tk le ja kr hi manenge ab bearish mode me kbhi nhi rhte
Thank you🌼🌼
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Its a fake support 2010, today will break again its my expection