Update:gold analysis today.
A very good morning to all traders here, most of us actually waiting for the massive move of gold but somehow there is no volatility was seen like before and price of gold is ranging in a very short move from 1480-1494. I think there will be a massive move is expected in Thursday and Friday for gold, there will be tons of fundamental news which will effect gold directly, I think those who are day trader for gold they can get a good chance here to buy it because price is now at 1485 and it's on the support level of 1483 which is really a good position for buy and the next support is at 1474 for D1 chart and i believe that technical trading opportunity created here by long term buying gold at 1485.
target level could be 1495 today.
Greeting dear all friends.
Hopefully all of you will be fine and doing good in trading journal. You made good analysis, i appreciated your analysis and fully agree with you. I also predict that this pair will move in bulish trend and now it is giving us buy opportunity.
Thanks dear for sharing your thoughts with us.Assalamu alaikum my dear friend hope you will be fine and enjoying the Forex trading journal work it after all my dear friend you are asking right and I agree with you
Opportunities to buy can be taken if the price rises and the resistance around 1489.68 is successfully broken with a potential target in the range 1491.78 - 1495.18
If a bullish signal appears before the price breaks below 1480.79, the price is likely to rise to the range 1486.29 - 1489.68
On My Journal
If market move up then there is very good level of resistance at 1500 area and i think from that level market will come back down and there is very good chance that market will come back down and hit 1450 area .