Time 4 H: It seems that the Rising wedge pattern that has been broken down, pulleback and can be entered into a selling position within the specified range. The weekly candle is closed as a DOJI (spinning top), which is likely to cause a bearish shock and will be completely bearish next week. Considering the strengthening of the dollar index and 10-year bonds, next week will be a decline for gold and will touch the targets of 1767, 1750, 1740 and 1728. This analysis is valid for the next week (short term) and will be updated frequently.
Good luck
Trade active
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Pullback has been made in the pattern of broken Rising Wedge and will probably resume the downward trend. The analysis is still valid, the targets are valid.
You came onto our page and slandered our idea saying our analysis was wrong. Everyone has a right to share their ideas. Wrong or right you dont disrespect. Look the very idea you slandered right now our idea has HIT our target with our followers banking good pips and your idea has now reversed by over 100 pips. You called our idea absurd and mad. Now you eat humble pie my friend. In future respect everyones work.
OmariHamodi
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HAHAHAHHAHAHAH How Are your Short Position ?
sina76m
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@OmariHamodi Yeah. Now see what happens. Never judge too soon. You should laugh at yourself now. The upward trend is over and a big drop is waiting for the market
OmariHamodi
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@sina76m, I’m trading day by day .. I’m also short from news today 1818 zone 300 pips profit
maybe you should wait for the last swing low to be taken first for a higher probability.
sina76m
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@Leo-btm It is not only gold that you should pay attention to.First, you should measure the trend of the dollar index, which has risen and will start to grow well from next week.So, as a result, gold will go down and its growth will stop.
Goldviewfx
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@sina76m i am fine mate. Our analysis and targets paid out. The drop that happened after it already did the Bullish idea we shared as you can see. Your idea had crashed by then 🤣. We never disrespect anyones idea. It was you who was rude and arrogant like you knew it all and then your idea crashed.