Skip to main content

Gold Mini Futures Expected Movement 2022 ( Future Forecast of Gold )

 Hello Everyone. Hope you all are doing good ! 

Today we will be discussing about the Gold Expected Movement. Gold is at 52,200 level right now. And it has already touched the 52,500 level . As we can see in the chart, It is following a channel pattern and taking a downturn from now onwards. The different parameters such as the RSI, Stochastic RSI, and MACD - all are showing a reversal in trend which means it is going for a downfall soon. Now, what level will it fall?


Here, in the chart, we can clearly see that it is depreciating from 52,500 level and the support is at 49,500 level. Hence we can conclude that Gold will be falling from 52,500 level to 49,500 soon. 

Now the question is how long will it take to complete the run. Well, If we look at the channel line of gold since February 2022, here we can find that it is range bound between 52,500 - 49,500 levels and this run can take place probably in the next 2.5 months. 

Hope you guys like this blog. If you have any queries, please do write to us.

Thanks.

Comments

  1. quentyamashitaNovember 9, 2022 at 4:20 AM

    From the classics to nicely liked|the most popular} new video games, Palms Casino Resort in Paradise Las Vegas has your favourite approach to play on our expansive casino ground. Featuring a 24-foot video wall, thirteen betting kiosks, drink specials, and 29 HDTVs for viewing the best games—our Barstool Sportsbook has every little thing you need for a great experience. GambleAware offer gamers and their families advice and steering on playing. They offer data and advice to encourage responsible playing, each to gamers and casino operators, and give assist to those who might have a playing drawback. While it could be tempting to put all of your cash into a single spin, we extremely advocate exercising what the pros call bankroll management. By placing bets according to your price range, you'll be able to|you'll|you can} keep taking part in} longer 1xbet even when you don't win any large quantities.

    ReplyDelete

Post a Comment

Popular posts from this blog

Dollar Index upcoming expected movement

Hello Readers, Today let's discuss Dollar Index (DXY) and its expected trend for the upcoming days. The Dollar Index (DXY) has found support at 101-101.3 multiple times, since May 2022. Its direction is uncertain due to the upcoming FED interest rate announcement on May 4th at 00:30 A.M(IST) which could send the DXY soaring or tumbling. Incase, the FED hikes interest rates by 25 (bps)basis points or more then the dollar index will likely be uptrend and reach 103.50-104.70 levels in the upcoming days. If the FED leave things as it is then the DXY will go for a toss  in upcoming days down to 99.5 level. We can see a clear trend in DXY only after the FED announcement, which will also impact all the currencies worldwide.  The outcome of the FOMC meet has become the hottest topic around the globe, so don't miss out.
Post a Comment
Read more

USDINR Weekly Expected Movement 2023 - forexblues.com

Hello Everyone. Hope you all are doing good! Today we will discuss about the weekly forecast of USDINR from 10.04.23 to 14.04.23 quickly. On Monday, the dollar index strengthened above 102. According to the datas released last week, including jobless claims, ISM PMIs, and other indicators, the US economy is still expected to experience difficulties. The dollar is currently at 81.90, and we'll discuss  about the USDINR's weekly trend. Looking at the chart, we can see that the dollar is holding steady at the 81.70/75 level and there  is a strong support. Therefore, it will likely rebound from here, we wll observe a trend reversal and it will face resistance at  82.20 and R2 82.50/60  as per technicals.  Hope you found this short article helpful. Thanks Forexblues.com
Post a Comment
Read more

USDINR Future Movement Mar 23

Hello everyone, Hope you are doing good! Today we will be discussing the USDINR expected movement in the coming weeks. After a prolonged range bound price action from 83.00 to 82.40 levels, USDINR managed to break down and trend downward. Last Friday, a combination of corporate Dollar flows, bunched-up selling from exporters, and stop-loss selling from speculators drove the pair below 82.00. In the offshore, USDINR is trading near 81.70 levels on spot reference. Immediate support is near 81.70 which act as S1, but unless RBI steps in, it is unlikely that support will hold. If the support breaks we can see 81.30/40 levels which is S2. Financial year-end exporter selling and speculative short interest can drive the pair towards a more meaningful support zone near 81.00 levels on spot. In the past, RBI had shown enough interest to build reserves near 81.00 levels.  On the Upside we expect USDINR to face resistance on 82.10/15 levels which acts as R1 and next R2 would be near 82.40/50 ...
Post a Comment
Read more