GOLD IN $ DOLLAR TERMS
Open—4958.90--High---4990.66---Low—4900.53--Close---4989.17 on 9.1.2026.
All-Time High:-$4990.66 made on 23.1.2026.
It is in the strong long term uptrend now and the overall technical setup looks good for the continuation. Please note that the range for the coming week is between $4990.66---4653.67, if it moves above $4990.66 and sustain on the closing basis then the up-move can extend and it may seek much higher levels, but if it moves below $4653.67 and sustain on the closing basis then it will get into corrective mode and may seek lower levels.
It is important to mention here that moving down as long as it holds $4549.77---4325.47 on the closing basis then the chances of the up-move will be alive in the year-2026, but break & sustained close below $4549.77 will be an alert sign for going down and finally break & sustained close below $4325.47 may witness an accelerated fall.
THE TECHNICAL SETUP IS VERY STRONG AS OF NOW FOR THE CONTINUATION OF
THE UP-MOVE AND IT IS IN THE STRONG LONG TERM UPTREND. BUT, FEW IMPORTANT
TECHNICAL INDICATORS SPEAKS OTHERWISE, FURTHERMORE IT HAD A VERTICAL RISE
THEREFORE FEAR OF VERTICAL FALL IS ALWAYS THERE AND IT MAY GET INTO CORRECTION ANY
TIME SOON, SO IT IS SUGGESTED TO BE ALERT, WATCHFUL AND CAUTIOUS IN YOUR TRADE
AT THIS POINT OF TIME. PLEASE DO NOT TRADE OR INVEST WITHOUT STOP LOSS.
NOTE: - It is a technical assessment as of now, the technical
interpretation changes with the price movement and time; therefore it has to be
reviewed at regular intervals.
Disclaimer:-The view expressed here are solely of the
author and he is not at all responsible in any way for the outcome of the trade
you enter based on the above view. This is purely for educational purpose only.
Kindly note that make your cost your stop loss
in favorable trade and then trail it as the price move up/down
to gain maximum profit and avoid losses. Use support and resistance levels as
entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT
STOP LOSS.
Note: Price stated
here are of spot market.
Contact me for strategic guidance to enter and
exit trade.
Thanks
Narendra Kumar Surana
Mobile—8240951127/9831313654.
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Thank you for sharing your views.