Gold Weekly Trading Strategy

By | September 27, 2020 1:12 pm

As discussed in last Analysis Gold  is coming near Sun Planneatry line,formed Inside Bar on Weekly chart suggresting price contraction has take place and range exapnsion will be seen in coming week.  Gold has broken the Sun Planneatry line support so we got the range expansion as expecte. Coming week 28 Sep is important date.

GOLD Gann Angle Chart

Broken the Gann Angle heading towards 47000-47500 range where support lies.

GOLD Plannetary Support and Resistace Line 

As discussed in last Analysis  Sun Planneatry line is acting as a resistance,Bulls made another attempt towards Sun Planneatry line red color but failed to close above it. Price has crorrected from Sun Planneatry,Now Strong support in range 48700-48500.

GOLD Harmonic Analysis

Near the C Leg of ABCD Pattern Holding the 49248-4900 Bounce can be seen till 51128.

GOLD Pressure Date

28 Sep  Important time cycle date.

Weekly Trend Change Level:49729

Weekly Resistance:50176,50625,51076,51529

Weekly Support:49284,48841,48400,47961

Levels Mentioned are for Gold Oct Future

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