MRG0LD2

MRG0LD2

in my last two articles i explained that market can hit a new high and i stick to my analysis. but before before reaching its heights bitcoin might drop back to its supporting area and test the 93000 position. right now the supporting area is same 93000 while the resistance that i have set for this temporary analysis is 100k. I have devided the targets into...

MRG0LD2 Updated 

BTCUSD is going hit new high as market has remained stable after claiming its 90k position and after gaining this position market worked under the range of 90k to 95k where 90k served as a supporting area and 95k remained resistance. but now market has crossed 95k and is going to hit 100k soon. Updated areas Supporting area 93k Demand Zone 90k Resistance 99k and...

MRG0LD2 Updated 

after the tariff war between US and China all the investors are attracted towards Bitcoin as an investment. After hitting the low 74600 BTC is going higher every day. Market has reclaimed its 90k position and has remained stable which indicates a confidence of the community and investors in the Bitcoin. Current Market Situation and Technical Analysis...

MRG0LD2 Updated 

Market has crossed the range of 3270 and is more probably going further high. so for now i am setting my target 3320. After breaking the range now it is possible that market also cross the 3300 position and go even higher. now supporting area needs to be updated. i will let you know of the new supporting area after doing a little inspection. buying position...

MRG0LD2 Updated 

Gold is at its supporting area 3212. From this area it can bounce back to the first resistance area 3272 and if it breaks this area then markets next target will be 3354 and 3384. Supporting area 3212 Our targets are 3272, 3354 and 3388 Market has already dropped from 3286 to 3314 and is testing the supporting area if buyers show confidence in gold then we will...

MRG0LD2 Updated 

In my last analysis i wrote a retracement article as i thought at the end of the third wave market might drop back to its new supporting area 90k but it remained still. Bitcoin after reclaiming its 90k position has remained stable and is ready to go higher. right now there are two scenarios first is that if BTC remain above the 90k position for next few days then...

MRG0LD2 Updated 

Reason behind the failure of last article is given below Stronger USD Impact, US China Tension Cooling Off, Before PCE and NFP reports coming traders are taking profit early, Support is being tested. Currently Market is testing the supporting area and before the news economic reports market will retrace and will test the areas like 3000 and 3310. However market...

MRG0LD2

Gold is in a range between 3300 to 3350. Market seems unable to breakout the 3300 position which indicates a bullish trend ahead. Currently there are two main resistances that market has to break to reach the target 3370. First resistance is 3330 and the second resistance is 3350. Targets are 3330, 3350, 3370 Stop Loss 3288

MRG0LD2 Updated 

for the 3rd time market has rejected the 3260position and that indicates a confidence of investors in the Gold. Currently market has dropped almost 62$ from 3330 to 3268 and now we can see a retracement. Supporting Area For Gold now is 3265 and the resistances are 3300 and 3330 while our target is 3370 which is supply zone and can taken as a strong resistance. If...

MRG0LD2

Gold is not giving closing below 3300 which indicates a bullish trend ahead. Gold's prices will go higher if new H4 candles closes above 3320 and if new h4 candles closes below the 3300 then market will drop further. Market has maintained to claim its 3300 position multiple times which shoes investors confidence in gold as profitable metal to invest in....

MRG0LD2

BTC is working under a range which shows a break from intense bullish breakout. now market can retest and is looking for a strong supporting area like 89k to pump. but now it seems like it is ready for retracement and can drop a little before a pump required to hit 100k. Technical Analysis Demand Zone 89k Supporting Area 91k Supply Zone 95k

MRG0LD2

Gold Prices may increase soon as the phases of correction and profit taking has been done. Gold prices had dropped from 3500 to 3260 which is a huge drop. this drop was necessary as many big investors had set 3500 their target to take their profit and they achieved their target sooner due to the tariff war. Fundamental Analysis Fundamentally gold can be...

MRG0LD2

Xauusd market after hitting a new high has dropped from 3500 to 3290 in one day. This reversal according to me is a phase of correction not a bearish trend. Market is still bullish and will try to hit a new high. Why should it hit new high? Due to the current Geopolitical tensions around the word and the Tariff war between China and USA the Global Markets have...