Gold plunge almost 3% after the US announce Non-farm Employment Change data. Gold gains some buying volume from 50 EMA. On the Head Start of the Monday gold opened with price decline at the time of writing this Gold is trading below $4,400.
Gold tested the keys Psychological Resistance price $4,700 and Fib level 0.5 last week and faced strong price rejection from this point and fall on the fib level of 0.786.
50EMA and 200 EMA are reacting as strong support, A day close below this support price could result in sharp decline. However a day close above $4,425 can bring back the bullish momentum. The Relative Strength Index RSI is at 50 on the level of neutral, aiming downward indicating that price may go more down.
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I'm holding $MUBARAK since many months and now its above my breakeven point, well my target is to sell atleast above 0.15$ I'm holding it whats your plan?
Gold sustain bearish momentum. $XAU plunge as the geo political tension escalate in middle east, Gold took almost 2.75% correction yesterday. At the time of writing this on Wednesday Gold is trading near $4,310. XAU is consolidating above the 78% of Fib level.
A small pullback from the current price is expected today, however the current trend is still bearish in Gold, if Gold will make a day close above $4,335 then it can extend the pump towards $4,380. however a day close below $4,335 will result in the fall of price towards $4,200.
The Relative strength Index RSI 46 lower than the level of neutral aiming downward indicating the bear trend. Gold has breakdown below below 200 EMA indicating the strong bearish momentum.
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While Gold $XAU is still suffering to maintain the price and facing higher volatility. Here $BTC has started gaining bullish momentum and surging continuously. For mid term, I'm targeting $84,500.
$KITE coin is making a pullback from the strong psychological support price level and marking drastic upward move, At the time of writing this Kite coin is trading near 0.13$. If the bullish momentum continues in crypto Kite coin retest the fib level of 0.382 (0.1512$). If kite will make a day close above 0.135$ (200 EMA) this will give the conformation that the kite price will remain bullish. However a decline from 0.135$ can result in the fall of price towards 0.112$.
Im planning to do multiple live sessions doing trade by only 50$ and the target is to make 100$ just by trading $ETH , $XAU and $XAG or may be BTC. what do you think?