Tag: Gold

Gold hits the low price level of the downtrend line good to buy now? check here: Gold is moving in a downtrend by forming lower highs and lower lows in the daily time frame chart. In our last week Gold update , we recommend to our users that gold is going to reach the lower low zone (bottom) of the downtrend line. Finally, Gold hits the lower low zone of the downtrend line now. The US Dollar remains strong, so wait for the complete confirmation of reversal or breakout for entering into the gold. Gold Prices seems lower as US ... Read more

Gold price going to fall?  Gold Price Analysis After 9 years, the Gold price reached this high and standing at this resistance zone for a few months. Gold trying to fall from this topmost resistance zone in the Monthly Timeframe chart. In the daily timeframe chart, Gold is standing currently at the support zone, If the gold breaks the current support, the next further destination support zones of gold are 1725 and 1680