Beyoglu_Crypto

The Price of GOLD $XAU went parabolic yesterday during the Asian session.
GOLD surge yesterday more than 3% after the sharp decline on previous day, If dollar keeps getting weaker we might see a good upward rally in GOLD.
All eyes are on economic data of US employment rate and non-farm payroll, If the data comes in the favor of dollar we might see a sharp decline in Gold again.

The Price of GOLD XAUUSD went parabolic yesterday during the Asian session.
GOLD surge yesterday more than 3% after the sharp decline on previous day, If dollar keeps getting weaker we might see a good upward rally in GOLD.
All eyes are on economic data of US employment rate and non-farm payroll, If the data comes in the favor of dollar we might see a sharp decline in Gold again.

Gold $XAU Technical Analysis and Price Forecast.
Gold is consolidating above the key psychological support of descending wedge pattern, and continuously struggling to make a pullback. At the time of writing the Gold is currently trading below $4,000. Dollar continuously gaining strength that is working is a catalyst for Gold bears.
Traders are waiting for todays Non-Farm payroll announcement and USA Fed speech, if the result will come in the favor of dollar then risk asset like gold and silver may drop sharply. If gold breakdown the support of $3,950 then the price may fall below $3,900.
The

Gold #XAUUSD Technical Analysis and Price Forecast.
Gold is consolidating above the key psychological support of descending wedge pattern, and continuously struggling to make a pullback. At the time of writing the Gold is currently trading below $4,000. Dollar continuously gaining strength that is working is a catalyst for Gold bears.
Traders are waiting for todays Non-Farm payroll announcement and USA Fed speech, if the result will come in the favor of dollar then risk asset like gold and silver may drop sharply. If gold breakdown the support of $3,950 then the price may fall below $3,900.

Gold #XAU Technical Analysis and Price Forecast.
Gold plunge below $4,000 last week as the Middle east tension escalate. Sellers are more interested in Gold as Dollar is continuously getting strong.
Gold tested the key psychological support of descending channel and form a lower low near $3,960. At the time of writing this Gold is trading near $4,060.
$4,140 and $4,200 are reacting as resistance price level, while $4,020 and $3,900 are reacting as support.
If gold will make a day close above $4,080 than gold could extend the pump towards $4,200. However a day close below below $4,020 than it

My charting often surprised me 😆
Gold #XAUUSD consolidating on the support trend line of descending channel, I'm expecting a pullback from this support trend line towards 4230$.
This is not financial advice do your own research.

UBL - United Bank Limited forming multiple bullish Divergence.
A good buying will be near 417-420, At the time of writing this UBL is trading near 438, If the market sentiments remain positive UBL might hit above 500 again soon.
the best stoploss will be 350.
#NFA #DYOR #PSX