GOLD Analysis - Continuous, Just as the Markets !

This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators.

* Trend is Based on TrapZone Color
* Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves.
* Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand

--------------------

1-18-2024
GREEN UMVD pushing the price UP with a strong RED TrapZone at the moment.
See higher Time Frame Analysis below

Comment:

Intraday 1s renko settings - Divergence seen on UMVD over the GREEN TrapZone

Comment:

Hourly Canlde analysis
Divergence on UMVD started under RED TrapZone with GRAY Bars. Down more likely IF RED COLOR seen in UMVD

Comment:

Daily candle analysis - Weak GREEN TrapZone. so expect volatility at the moment

Comment:

GREEN UMVD coming in , may push the prices back higher. Keep an eye on the TrapZone, its still RED

Comment:

RED UMVD pulling the prices in Retrace with GREEN TrapZone.

Comment:

DIVERGENCE pushing the price sideways

Comment:

DOwn Trend continues with RED TrapZOne - but we do have GREEN UMVD showing Buyers in action for a while.

Comment:

Latest Intraday

Comment:

Latest Intraday

Comment:

Side By Side Analysis - Tricky Location. The retrace to the Long Term Trend is Over !
Watch for GREEN UMVD and GREEN TrapZone on the short term Renko

Comment:

Bit Sideways. Lets see if BUYNG Comes back in soon or Not.

Comment:

We had an early warning of This Sell Off. UMVD is God Send. Look at the Class A entries !

Comment:

UP Trend kicking back in !

Comment:

Retrace started with selling and now some buying is stemming the price fall. keep an eye on the Renko UMVD for any changes to Retraces direction. Red TrapZone in Renko just widened so lets see

Comment:

Hourly Technical Analysis Check In
Big UP wave with Angle 3 Breached. So Retrace is ON and Angle 1 is guiding the price down wait for break of angle 1 on the up side WITH GREEN UMVD to enter a Long.