gold price continues to go down until it reaches the shaded area
Hopefully you will of already bought gold last Friday with the major dip down to weekly support again at 1860. If you haven't there is still time. We are currently trading inside a giant bull flag and I expect prices to move up to test a breakout of the flag over the next few weeks. Stop loss at 1855. Further we had a nice inverse head and shoulders break today...
A close below 1765 could move gold towards the ascending trending OR a close above 1874 will expose gold towards 2000. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Hello, I am interested in your opinion. Thanks for the answers. All the best
Gold is heading into the 3 following structures; 1. A trendline resistance 2. A Classic Resistance 3. An H1 supply imbalance nested within an H4 Supply Zone Also to note the daily trend is Bearish one , so adding one to one , the best direction to plan an entry is to go short with an exit target below the last D1 supply zone.
Last day candle is going to close below the Strong Support line at 1860 which is considered a break in support. If you look at the other touches I circled, no candle closed below the line without selling for a bit. Also another reason to support this sell is the head and shoulders formation, we already have a shoulder and a head and if you look closely it’s...
I expect a breakout and then a pull back to the yellow line. that's the best entry point to short Gold.
Long in play from 1770. 50% profit taken @1829. Now looking for 1860 break-out to confirm a bottom. Ideally, we would push through this resistance and then consolidate for 4h to cycle down before moving toward 1900. Don´t want to see a break of the 1800 level.
im a newbie, this is what i want gold to do ;) over sold slightly at circle
Two trades options: long after retests at 1906 or short under 1982.
This is a long term investment strategy but off course we are not without a plan for the short-mid term. I think that 1700s will the perfect buying spot as the 18 months moving average would coincide the 0.618 Fibonacci retracement it it plays out in the next 2-3 months. TVC:GOLD moved very quick and unsustainably decoupled from the 18 Monthly moving Average. The...
Please share with me your thoughts Regards
looks at the RS, going up or down for too many pips