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Tag Archives: Gold EOD chart

Gold Price action in Range and testing the Support zone

Gold Price Action – Trading near Important Support zone

By Trading Predator May 2nd, 2018 No Comments

Since Jan, there’s not much change in Gold Prices. Market structure is still in Range. Prices are trading within the borders of structural support and resistance zone. Structural Support zone is at 1310 – 1305 whereas Structural resistance is at 1360 – 1357. A combination of Dollar strength and selling pressure is influencing Gold’s Price

Gold Price action Consolidating below the multi month resistance zone

MCX Gold Price action – Brief Consolidation near Resistance zone

By Trading Predator March 8th, 2018 No Comments

After testing the multi month resistance zone at 1370 – 1360, (I have pointed many times in previous articles that support and resistance are zones, not levels) Gold Price action is consolidating briefly near that resistance zone since the beginning of Feb 2018. Though Prices are tumbling down, both bulls and bears are in a