Breaking News
0

Gold At Decisive Juncture Before Moving Ahead

By Satendra SinghCommoditiesNov 26, 2018 07:55AM ET
www.investing.com/analysis/gold-at-decisive-juncture-before-moving-ahead-200362277
Gold At Decisive Juncture Before Moving Ahead
By Satendra Singh   |  Nov 26, 2018 07:55AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

Since submission of my last analysis, on analysis of the movements of Gold futures in the same chart patterns, in different time frames, which I have noted in last analysis, I find that the sustainable movement of Gold futures after a gap-up opening is evident enough for a decisive move of Gold futures. I find the Gold futures at a decisive juncture, before moving ahead. No doubt that the Gold bulls look too eager to take an aggressive move from the current levels, once they successfully able to maintain above the opening levels on the first trading session, before moving ahead. I find that only a sustainable move of Gold futures above the level of $1235 will clearly define the intention of Gold bulls. No doubt, Gold bears will try their best to fill this gap with supportive Fed rate hike in December; but, further sliding moves in the global equity markets may provide strong support to Gold bulls during this week. Let’s have a look at the movements of Gold futures in the following charts.

Gold Futures Daily Chart - Expected Trading Zones
Gold Futures Daily Chart - Expected Trading Zones

Gold Futures 4 Hr. Chart - Expected Trading Zones
Gold Futures 4 Hr. Chart - Expected Trading Zones

Gold Futures 1 Hr. Chart - Expected Trading Zones
Gold Futures 1 Hr. Chart - Expected Trading Zones

Disclaimer: This analysis is only for educational purpose. Readers are requested to kindly consider their own view first, before taking any position.

Gold At Decisive Juncture Before Moving Ahead
 

Related Articles

Gold At Decisive Juncture Before Moving Ahead

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: This analysis is purely based on the technical observations. I do not have any position in Natural Gas. One can create position in Natural Gas at his/her own risk.
Continue with Google
or
Sign up with Email