Gold hits the resistance level, and the indicator needs to be repaired. Go short first and pay attention to the support near 2352. Go long if it does not fall below. The rebound resistance is near 2368-2373. If it cannot reach the breakthrough, go short again, with the target near 2343-2337
Hello traders ,what do you think about GOLD?Gold has been fluctuating between the 2300 and 2330 area for the past few days. Currently, the downward trend line has been broken. It is expected that after a little fluctuation in this zone, it will grow at least to the specified levels. If this post was useful to you, do not forget to like and comment.❤️
What goes up must come down, this move up was as expected it has cleared a lot of the early sellers stops, I expect price to use this liquidation to drop lower from 2371 to lows of 2306 and later on to 2200 for a proper correction. Use proper risk management
As discussed throughout my yesterday's session commentary: "My position: I am holding my Selling order with #2,322.80 entry point, however I have adjusted my Target and now #2,292.80 represents my optimal Target for the sequence" I have engaged another order with #2,320.80 entry point which is still running in decent Profit (will await final / eventual #2,300.80...
Kindly remember, Elliott Wave is highly subjective, i will post if there's a new update on my perspective. Trade safe, Everyone! Cheers.
H4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish BOS. After bullish BOS expectation is for price to pullback. We have nested Daily and H4 supply levels where price is expected to initiate pullback. CHoCH is positioned at quite a distance away from current price, therefore, there is a possibility price could engineer a CHoCH...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves and " A " Corrective Waves Fibonacci Level - 61.80% / 78.60% RSI - Divergence Break of Structure Bullish Channel as an Corrective Pattern in Short Time Frame
Our purchase at 2338 has surpassed all targets and is presently trading at 2366. If we witness an H1 closing above 2366, it could pave the way for 2380. However, buying at these elevated levels carries risk, particularly given that it's Friday, so I'll exercise caution. The range of 2380-96 might serve as resistance, potentially exerting downward pressure on the price.
#GOLD.. market very well placed targeted area as we discussed in our video analysis, first of all congratulations to all. now market have 2343 as immediate supproting area , keep close it guys, because if market hold it then upside further move expected, dont be lazy here, good luck trade wisely
the detail is shown in the above Idea. I made this Idea based on Candlestick Analysis and Harmonic pattern. We are still in a downtrend and probably we see a significant decline toward the Crab support line in the Next Weeks. GOOD Luck Idea number #103
Let's dive into this gold trade idea for next week. So, with the solid buying push we've seen at the tail end of this week and all the juicy news data we've been getting, it's shaping up like gold might just skyrocket again. Especially with Fed Chairman Jerome Powell in the mix, I'm thinking the news will knock the DXY down a notch or two, giving gold a chance to...
OANDA:XAUUSD Gold has retraced 61.8% from the recent low, and indicators show that gold is overbought and a new peak has formed. During the retracement, gold moved almost in one steep impulse, which usually couldn't be sustained for long and followed by an abrupt decline. All this presents a good opportunity to sell gold with targets around the major demand zone.
4hr ressistance place price now . this place reversal candle form.sell entry try
Hello,Friends! GOLD pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 1D timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 2265.765 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is...
Gold has been rising slowly today without any correction, but it is not yet certain whether the rise in risk aversion can continue to amplify. Gold will continue to rise, and there must be news to stimulate further support. Gold has now reached the early intensive resistance area, and beware of a pullback under pressure.
XAUUSD Supply Zone Appears in D1 Time Frame Looking Price Action for Long Term Sell Risk and Reward Ratio is 1:12 After 50 pips Profit Set SL Entry Level "DISCLAIMER" Trading & investing business is "Very Profitable" as well as risky, so any trading or investment decision should be made after Consultation with Certified & Regulated Investment Advisors, by...
- Price of gold might fall in 5 waves to the downside for further correction to create wave C - This is not the main scenario but a possibility to be aware of
Dear Traders, Oil completed AB=CD pattern and it is in course of big bullish move. We need more liquidity and volume for price to continue the growth. In coming days, we expect price to hit 85 first and then 90; if price breakthrough that region then we will have a strong bullish price movement which will lead price to hit our final target. Good luck and happy trading.