1,775 is a near term level that formed over on the 1-hour time frame. Price tested this level on June 30th (yesterday) and held above. If we see a break lower, then this is an indication that buyers remain weak. A more critical level to watch is the 1,765 as this formation originated back in April and has been holding up since. You can see take a look at the...
GBPCAD created higher low on h1. Sitting at weekly supp. Just taking it to next key levels.
Now that Gold is breaking out, all focus goes to the 4hr chart. I'm trading E-micro Gold futures ($/MGC), 2 contracts at a time. Strategy is to hold 1/2 position all the way up to $1,880 target. Day/Swing trade 1/2 position on the way up. I'll update my markers where I buy and sell moving forward. Links below show where I started building position. Stay Black.
Gold futures contracts GC have been rising on ongoing worries about economic recovery and unlimited QE. Further price advance is expected, possibly above $1900. Current chart shows negative divergence between RSI and gold price. However, the rally is still strong, targeting $1800 - $1825 level. A near-term pullback into $1742 area may offer a better entry point...
Gold priced in Aussie Dollar, Yen, and Euro all well above their respective 2011 or 2013 highs. With all the "dismantling" of the US dollar talk - a weak dollar would certainly aid Gold's move to new all-time highs. For the past 2.5 years, we've seen a strong dollar and strong precious metals market. USD rolling over, could be the boost this space needs..
Despite the long time spent trading gold horizontally, Although there are many components available to launch it strongly during the last period, However, he was unable to do so, his last attempts were today This clearly confirms the weakness of gold Therefore, a strong drop in gold is expected The stopping point is $ 1789 The expected first drop target is $...
1760-65 could be the best sell zone, but there's no sign of a valid strong rejection candle yet. This week we all waiting for a robust incoming catalyst; US Flash PMI, Final GDP, Jobless claims, Bank Stress Test Results, and the US PCE The previous analysis (June 19, 2020) failed, last week Powell gave a strong reason for Bull to hold their trade over the...
BE CAREFUL , GOLD FUTURE TOUCH 1800 (GC fut = spot gold +15) so trend can change to down see AC 240min
If the market breaks the B level resistance, there is a high probability in these coming days that the market will hit the 1790 area level.
Pattern: Ascending Triangle. Signal: Bearish as we are approaching the Higher High Sell Zone. Target: short-term = 1750 (the Higher Low of the 4H Channel Down), long-term = 1715 (that is if 1740 breaks). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
Hello traders, After having an increasing trend, GC seems entering in a new trading range. If the GC could break the trading range above it, in other terms, if it could break the level of maximum of 18/05/2020, we will have a new increasing trend that aims to reach the level price of 14/04/2020. Otherwise, GC will continue evolving in that zone or even go down.
Here w are again with this strong engulfing candle
SO NEVER TRADE AGAINST MAN,BIG TREND
Yo Folks! GBPCHF LONG IDEA -IMPORTANT- We Trade with the MAJOR BULLISH TREND . And Monthly Zone represent a PLACE OF LIMIT ORDERS! 1- Next Weekly Zone will be near Monthly Zone 2- Price Comming to Monthly Zone 3- We have Strong Demand Level Since Monthly Zones are very strong our main idea of going LOND based on it. Also next Weekly Zone Will be at the...
Main items we can see on the chart: a) The price is above a well-tested Support Resistance zone b) It has been there for 70 days almost c) We expect that the direction of the breakout of the range would be bullish based on the technical structures of the current situation d) Our Target for the Breakout is going to be 1900