georgethevictor

georgethevictor

Based on my analysis the gold might move further down to 2229 or 2171 area before the bounce back which is respectively 100 and 161 Fi level based on 1 Hour chart. If you look into the regression channels the gold now bouncing back in both daily and weekly channels aligning to the above-mentioned level probability. The shared information is for analysis purpose only .

georgethevictor

I believe in the coming days gold would drop towards the 2294/2293 area and then move eventually towards 2430. The analysis is based on multiple support and resistance levels on different time frames not based on fundamentals. So my take would be interim sell and them eventually get into buy once the trend form in the mentioned direction

georgethevictor

Gold in the coming week is expected to push further towards the 2400 region after the initial pullback. I strongly believe this would be the possible direction since last week the gold pushed down and was trying to get its upward momentum. This week I believe buyers would take the role to push it upwards The suggested move is based on my analysis not trading...

georgethevictor

Gold surged up as expected currently trading between the 2080 and 2090 range as of 4th March. This is further expected to move high towards the 2120 area and turn bearish or towards the 2140 area before the reversal. since the new month and week created new higher resistance levels I have considered these as 2 scenarios. In both cases, if the trend continues...

georgethevictor

Dear All As expected gold is still maintaining upward momentum. I expect the move will continue to the scenario 2 highlighted in the picture and I expect this month it may touch the 2060-2070 area. There is news coming up, however, I assume this would be the possible direction. 100 fb expansion is around 2040 and 161 is around 2070 in the daily time frame. ATR...

georgethevictor

Dear All As per the earlier analysis, I expected the gold would follow the bearish move, how ever the gold has an interim pullback which is expected to move based on the shown possibilities in the chart. I expect the first possibility which is movement towards the 2040 area and then drop towards the 1925 area which is marked in red color, worst case scenario the...

georgethevictor

Technical analysis indicates a further drop with gold towards its 161 expansion level based on daily chart analysis. I believe gold would drop eventually to the 1940 range before the pullback. This week's news would be vital to confirm this move. This is for analysis only not a trade signal or suggestion I would be personally holding short positions towards this...

georgethevictor

Gold today expected to move around 2030-2029 by the Asian session and expect move further upwards to 2040-2045 range during Europe US session. Personally, I would target only long positions for the time being. The price currently bounced from 50% Fib expansion level and my target would be around 100% Fib expansion level which is around 2045 -2048 range. Further...

georgethevictor

Gold would probably again pull back towards the 2030-2032 area and then spike toward its 61% Fib expansion 2048 -2049 region. In Higher time frames, it may be a downward trend forming around the 2040 area. However, based on my weekly analysis, I assume that the gold hasn't yet completed the up movement and probably would hit the 2060 range within this week or...

georgethevictor

I expect gold would move towards 20230 -2028 range for a short period and then spike up towards 2045 region . This is purely based on technical analysis . Hope no major changes would impact on todays movement . What ever you do , who ever you follow , manage your risk and capital accordingly . There is no 100% perfect prediction

georgethevictor

Even though last week's news pulled the gold with a bearish move as per my analysis on higher time frame gold hasn't completed its weekly high yet . Hence i expect gold in the coming days push up around the highlighted level to complete the gaps . After this i would expect a good bearish move where the USD forecast for the coming quarters are not great.

georgethevictor Updated 

As I predicted this week gold moved towards the 2060 area I believe still a minor spike to the 2070 region is possible. However, my sell orders are active since gold found its higher high with 161% Fix expansion hence I would be further looking for the bearish run only

georgethevictor

Dear All Gold will likely touch this area 2060-2070 before the bearish move. with the beginning of the new month demand and supply positions have changed hence I believe the bullish move will persist. If you see a bearish move that would be corrections and I won't be concerned about that

georgethevictor

Dear All. Beginning of the week I published an idea and eventually that market moved as predicted. However, past is past, am still holding long positions and I strongly believe it's not time yet to enter short positions. I could see minor correction waves which could entice traders to get into short positions.

georgethevictor

At this moment in a shorter time frame, gold is bearish how ever in the coming days gold is expected to move up toward its monthly pivot 2058 hence my target is 2053. If you notice the gold is at a support level at 1 Hour and further bearish movement at a shorter time frame is expected. So my take is in the coming days i would hold it long

georgethevictor

As per my analysis, the gold would drop around 2024, and it will likely bounce back to 2050 or above toward its weekly or monthly pivot points. any further drop below 2020 or below could be bearish. However, I expect a bullish move as explained. News events could push it on either side but I stick to my analysis

georgethevictor

Further to yesterday's short position, I expect another shortfall today as well from the Europe session with my target of 2020. I strongly believe there is a struggle for gold to break 2040 until and unless any new news events. I am only planning to target Europe sessions to complete this move. The suggested is for analytical purposes only A breakup above 2040...

georgethevictor

Based on my analysis . Gold may fall further down and my target is 2020. Since the last week had its spike to upper bounds of RSI with its pullback on this week beginning . Now today gold struggle to move further and the move is sideways and not able to penetrate level 2040 hence i forecast further fall down to 2020 or more .