Hello,Traders! GOLD has now almost reached the resistance cluster After the retracement from the support Therefore, I am bearish biased And I think that there is a high probability of the gold going down However, IF gold breaks above the resistance Then we will see a strong bullish move So be careful! Sell! Like, comment and subscribe to boost your trading!...
ENTRY : 1729 STOP LOSS : 1744 FIRST TAKE PROFIT : 1720 RISK : 1% CAPITAL Once first take profit target is hit i will close half the position. We will then hope the remaining position continues to trend. As we have more information i will follow up with an analysis on remaining open position. GL. Please feel free to comment and discuss. If you like this idea or...
☑️GOLD is trading in a local bearish trend And we saw a pullback from the daily key level But now, gold is retesting the resistance confluence And I think it will fall down To retest the support key level below SHORT↘️ ✅Like and subscribe to never miss a new idea!✅
Hi i have another premium setup here on COMEX:GC1! . In my last analysis i pointed on demand area where i expected bulls come in. it happened yesterdey successfully and price rejected lower levels below $1680. So now its tto long play on gold. My long setup is higlighted in chart.Target level is next potential supply zone at $1760 - $1780 level. You can aplly...
Gold prices are pushing down by rising 10y Yield and USD strengthening. After last week selloff GOLD closed below demand zone at 1754.40 so i expect further drop this week to the next demand zone and to retest lower line of falling channel at 1667
It took nearly 2 years to recover from the shock of the 2008 crisis. Then started the epic bull run in Silver. Big green candles and nothing else. The shock due to covid-19 was comparatively short-lived. Going by that analogy, the next bull run is standing at our doorstep. What we saw in August was most likely a trailer. And if we believe that we are about to...
You must be aware of the recent significant rise in the long-dated US treasury yields. If this continues, the US Federal Reserve will find it very difficult to dismiss the combined risk of inflation and volatility. The excessive risk-taking by the governments and the banks, backed by the massive liquidity injection is supporting the markets. But that cannot be...
Strong upward pressure continues for silver. Silver bullion is scarce and the futures market is just now catching up. If you look at price of actual silver you will see why I say 34$ by march. Its possible price will break through and move even higher to 37$ or 40$. The public opinion of stocks and bonds being reliable securities is dwindling. People are...
☑️GOLD is trading in a range between horizontal support and resistance And now it has reached the support level again Therefore, I suggest a simple and reasonable long from support With the final target being the horizontal resistance LONG↗️ ✅Like and subscribe to never miss a new idea!✅
Hello, Traders! Gold is trading in what seems to be a bear flag pattern Therefore, it is possible that after trading in the flag for a while more We will see a breakout down and a fall in gold price So that it retest the horizontal support Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
Hello, Traders! Everyone was long Gold yesterday But the market decided differently And we are seeing a MASSIVE drop However, a new support is near And is formed by a confluence Of horizontal and falling support lines I will go long from there With the final target being the double top BUY! Like, comment and subscribe to boost your trading! See other...
Hi guys, sharing my chart how i will play gold today. Happy trading!
GOLD experienced correction from resistance Just as I predicted yesterday! However, Gold is in the uptrend And I am looking for a long now The strong demand area is a little lower So I expect Gold to maybe go a bit down There, I will BUY Gold Fist target=nearest resistance Final target=dotted line BUY! Like, comment and subscribe to boost your trading!...
GOLD broke UP from the bullish flag I now expect a pullback closer to the support But the direction is set And I expect GOLD to Go UP With the Mid-Term target being the ALL-TIME-HIGH Long! Like and subscribe to never miss a new idea!
GOLD is trading in a small rising channel(6H) That is located inside a falling channel(1D) That in turn happens to be a bullish flag(1W) Locally, the price is below a confluence of resistance lines Thus, I am bearish biased. However, a breakout will tell us the direction of our trade Thus, wait for breakout Then pullback And enter the trade in the direction of...
In this Video I discuss my views on Gold From the technical analysis standpoint While I am bullish overall, I think there is plenty of space for gold to go lower I also discuss the most important support and resistance lines And give my 2021 prediction on the Gold movement direction If you want to learn more, Please, watch the Video! Merry Christmas, Everyone!
Hello, Traders! Gold as you can see, is trading between the two falling lines One is support, the other-resistance. It is also worth mentioning that XAU_USD is currently above horizontal key level So I think that this support might be retested For the price to then go Up towards the resistance If the falling line is broken UP, then we will see a strong...
GOLD is trading in a rising channel While being above strong key level And we can see a great bullish reaction With a breakout of a small wedge After the price touched the support zone Therefore, I am currently bullish And expect GOLD to go UP To retest the recent highs. Long!