Gold Weekly Trading Strategy

By | September 20, 2020 12:53 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.  52000 done and Price Reacted from Sun Plannearty line. 

GOLD Gann Angle Chart

Bounced from Gann Support line

GOLD Plannetary Support and Resistace Line 

Sun Planneatry line is acting as a resistance,Bulls made another attempt towards Sun Planneatry line red color but failed to close above it.

GOLD Harmonic Analysis

As discussed in last Analysis  Price coming  near 50000 can be a good entry for long trade as per harmonic pattern,Low made last week was 50629. 52000 done. 

GOLD Pressure Date

22 Sep  Important time cycle date.

Weekly Trend Change Level:51681

Weekly Resistance:51900,52182,52600

Weekly Support:51300,51000,50700,50333

Levels Mentioned are for Gold Oct Future

Leave a Reply