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Tag Archives: Gold price action trading

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

Gold sentiment can change and Price action might trend

Its Time to keep an eye on Gold’s Price action – Here’s why !

By Trading Predator February 7th, 2018 No Comments

From Dec 2017 to date, Gold prices gained almost 12% so far. In the current scenario, when we look at the 4h Chart of Gold (International Spot prices), price movements are struck in the range of 1365 – 1325. Based on chart reading we can assume that both Buying and selling pressure is almost symmetric.

Gold Price action struck in the Range, creating frustration for speculators and traders

Gold – Frustration for Traders, Prices still struck in the Range

By Trading Predator November 23rd, 2017 No Comments

As we inch closer to end of the year, (Of course still couple of weeks left) Gold (Also silver) hasn’t moved much compared to base metals such as copper, aluminum and zinc etc.In beginning of the year, we saw sharp upswings from 27000 to 29400, apart from that gold hasn’t given any outshining performance! Gold

Throwback Price action pattern in MCX, Comex Gold

Gold Bulls challenged by throwback Price action

By Trading Predator September 22nd, 2017 No Comments

Gold outshined other assets for last few months due to geopolitical tensions and Investor risk off behavior. Safe heaven money flow into Physical gold, gold contracts and Gold ETF caused prices to breakout from long-standing resistance zone 1280 – 1300 (levels based on Comex). As usual, Gold Bugs (Investors and traders who are irrationally optimistic

Gold Price action is driven by Escalating Korean tensions

What is driving the Gold Prices?

By Trading Predator May 30th, 2017 No Comments

The precious metal is riding on a bullish tone from couple of weeks. Prices are rallying from the beginning of May, what’s the reason behind Gold Prices? Is it seasonal factors or Indication of bottom? Is it finally a time to put gold back into asset portfolios? Will the prices fall from here again? Like