Last day after news, gold jumped and moved to 2010 level and later it hit 2020 level. Now It's almost 20 plus hours it is playing on the same area and RSI is forming a straight line. This move was totally based on fundamentals. As per my previous analysis I told you in last week on Monday that gold will be in a range. Now it looks like it has broke the range but...
Market is in range and can be in ranging rectangle for 1-2 days and will try to break range. Trend is turning to bearish so take only short trades. Short it near 2000 and aim for 1950 but you can cut it near 1972 if you se reversal in rectangle range on 30 min candle.
Gold is near ending 5th wave from the impulsive wave starting from 1617$ per ounce, i am looking for a three wave pullback towards 1937-1840 area to enter longs again targeting new highs towards 2350/2500 $ per ounce. we might see 2055/2060 before this correction might start.....
Gold is bearish on this Monday as first day of week, We went short after we saw a resistance in gold price at 2004 level. I think gold had done with its bullish rally and It will now come down to 1930-1910 levels in the upcoming week. My previous setup went so well, As we foretasted on Friday at YT that market is going to reverse from $2000 price level. Well,...
A clear setup; with the long-term chart (M) month. in downtrend. The Current-chart (W) Week is also in downtrend. the (W) is in clear move up, lots of buying to support this momentary fake uptrend. How do I know it is fake. Well one never knows anything as a disclaimer for any trading position; we stack up odd Enhancers in our favour. So, why did I take the SHRT...
This is not a financial advise ! Looking at gold price behaviour. Before any bais movement from fundamentals accumulation in patterns forms as per standard purchasing order of Gold. We are awaiting Monday to see what this week direction will complete the flag .
Plan B Sell 1860.00 SL: 1866.00 TP1: 1852.00 TP2: 1844.00 TP3: 1835.00 =========================================
I think we can have a short position on gold and its clear on chart! this is my idea and not a signal! Thank you
In this video, part 2 of the day's NY trading, NAS and Gold were triggered. Should be one or the other but for demonstration purposes, both were taken. Thankfully both are at breakeven. However, it's not been the kind of day that we would have hoped for. Really choppy out there as has been the entire week - horrible conditions despite catching some good...
as we can see Gold is testing a very pivot zone and we are looking for a short position and our Tp1 is 1860$ Tp2 1800$ Tp3 1777$
Hey traders as i said before, we had a strong Supply Zone at 1805 and I was bearish on that Zone after sell pressure, the Price come back and break up this Zone it means bulls collect this sell pressure also, I was bullish about that move and the target is 1900 $ u can check both of em the bullish and bearish move now I'm expecting some selling pressure in this...
Plan B Sell Stop 1903.00 SL: 1917.00 TP1: 1895.00 TP2: 1890.00 TP3: 1885.00
after the FED last meeting on 14.DEC . the FED will raise rates to 4.5% then the next meeting will contuine to raise again ,so the raise rates will continue in 2023 so we can see the more declining in gold , therefore the gold will decline the strongest resistance here is between 1800-1820 rhen we are going down to 1700-1730 (support) then going to down at the...
We are about taking a sell on Gold ( XAUUSD ). Yesterday wasn't too volatile as Monday. and we expect this day too. The price my head a little up to grap the liquidity and move down to the next liquidity area ( demand zone ) Leave a comment about this trade!
Trade Idea: Sell Gold at Market Reasoning : Looking at bullish momentum to continue on DXY on the backdrop of strong support at ichimoku SSB zone.The hourly shows a potential bullish head and shoulders pattern as well. So on that looking to sell Gold at resistance zone 1711-1714. CPI figures could give volatitly so be careful on stop...
Short GOLD at 1665 stops above 1671.64 targets below 1642.60. Use proper money management.
According to my simple analysis of the gold market, we expect a continuous decline. Since july 2019 the "the precious metal" respected the support zone .... this week unfortunately we went down with brutality on daily close . gold is supposed to make a pull-back move and go down on next weeks ... bullish move depends on good federal news + china / russia decisions .
Gold just broke a major key level it's been holding for the last 2 and a half years. With such a strong piece of structure broken and failed to reclaim from the retest, clear signs that Gold has a strong chance of heading to it's next 2 major levels below.