Dear traders , With reference to my earlier chart on gold , it hit my target price that was 1792/1793 zone and followed the path as plotted in the earlier chart. We have strong resistance at 0.236 Fibo level ( 1791 ). Two possible scenarios 1)If 1791 rejected we could see it heading back to 1815 levels. 2) If 1791 broken , I expect it to consolidate around...
Hi everyone! We maintain our bullish bias on Gold as prices are holding well above a key weekly support zone , in line with the ascending trend line and 61.8% retracement . On the H4 time frame, a pullback in prices to the support zone at the 1782.5 zone, in line with the 61.8% and -27% retracement presents a buy opportunity. Keeping in mind the weekly time frame...
IM SEE XAU HAVE REVERSAL POTTENSION AT 1791-1792 Level Fibo 50 IF REJECTED YOU CAN BUY & HOLD Possible Take 400-600 Pips Profit & Dont Forget Use A Money Management Good Risk Ratio For Safe We Will See Soon Hope You can Make Profit Guys !!
Hello traders, Gold in 1 hour time frame, in the previous analysis, we said that if gold breaks its channel, it will move towards the bottom of the triangle and it will move. If gold breaks the bottom of the channel (blue), the yellow support and the bottom of the triangle, the triangle analysis is rejected and the same zigzag as mentioned in the previous analyzes...
The price is currently sitting on a major structure and planning its next move. We are staying out of it for the moment, as we do not have enough confirmations to open a position for GOLD. If we manage to bounce from the identified area and re-test it, we will be going long. On the other hand, if the price breaks that zone and re-tests it, we will be opening short...
19th of July: 20th of July: Gold reached 1800 which is a key support level. The way price action got down there indicates for a further downside continuation. We're going to be looking for lower values and the next support level is quite close - at 1795. If market breaks below, then we're going to be waiting for another downfall to 1770. That's why make...
Like we said in each one of our analysis recently, we're expecting gold reaching lower values! For everyone who's already in short positions we'd like to say that this is the moment where you can move your stops. You could also add to your positions. And if you don't currently have an active trade, then you still have the chance to enter. You can enter at...
Based on wave analysis we should see a push up after this correction. Overall we should also seehigher prices for GOLD
Hi Friends, So here i made that analysis in which i have mention both the bulls & bears possibilities, so firstly we talk about its trend which is bearish & dropping from the above resistance. So if we see the bearish pattern, it definitely have to fall till 1760 approx area to complete its pattern. Also we've H&S formation which head us towards bear side, so...
Fundamental analysis: Spot gold price fell on Wednesday and closed at US$1803.66 per ounce; rising U.S. bond yields and the continued rebound in the stock market weakened the demand for safe-haven; a series of corporate earnings reports shifted the market’s attention to the economic impact of the COVID-19 and boosted the US stock market; 10-year period U.S....
Gold rallied from the weekly low yesterday. The price traded between 1805-10 throughout the Asian session. It has touched day-high 1813 right before the European session opening, and the fall began. Once it broke the S-T supports line(1), the price has gone all the way to 1795. The day ended at 1804, down slightly by USD3. The structure has changed much on...
Hello Traders Welcome back to another profit day If you like my idea please give me a like and comment, That's will be a great appreciation to do more predictions Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you...
Looking at the rejection between these two levels (1812.056 and 1815.356),
From the previous Idea on GOLD , that's the update where we can see our opened position in profits like we predicted and another bullish impulse on 50% Fibo can be last chance for a trader to enter in this amazing opportunity. Our forecast remain Bullish . Check the Links on BIO and If you LIKE this analysis, Please support our page by hitting the LIKE 👍...
GOLD on the 4h chart is moving in an ascending channel. The market after the test of the upper trendline moved to the lower now. According to Plancton's strategy if the price will break below and the conditions will be satisfied we can set a nice short order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure ->...
On the daily chart we clearly see the break and retest of the minor trend line. Also, we can see the “SL hunting” by market movers. However, we still see the clear impulse correction and then we (I) are still expecting to see the second phase of impulse to create the lower low. We can also see the retest of the orange long-term trend line and we have rejected...