Hello community; Here are my expectations for next week: 1. A pullback on the resistance to retest the Fib Lvl.1 support (1679.6 price) 2. In case we have a bigger GREEN volume than all the past ones, the market will break the resistance. The market will most likely retest the support, so I'm expecting a BEARISH WEEK. GOOD LUCK !
Why the Bearish on Gold miner? Africa is shut Down for 14 days!, all mining activity shutdown! Most Africa based miners are DOWN!! Pending follow up with more EURO shutdowns. sooo? SOOOOO, This company is up because Gold is UP, Please buy it because they think it's GOLD! EVEN So, people only buy gold due to fear of recession bets and fear of the weak dollar. But...
With this trading range ,probaly GC will go up to the resistance !
i recomand to wait until gold break the resistence then buy gold cause it will go up with force to touch the second resistance
This is a simple macro projection using the LMACD on the 1M chart and the MA20 and MA50. It appears that Gold is reproducing the early 2000s bullish run that led to its All Time Highs of 1900 is 2011. The MA20/MA50 Golden Cross has taken place and those MA periods have never crossed paths again, giving way to a strong 2019/2020 rise. The LMACD is on the...
Main items we can see on the 4HS Chart: a) The price is above a significant Support/Resistance zone b) There we saw the formation of a Triangle Pattern (ABCDE Completed) c) From a Technical Perspective, once we have a breakout of a structure like this, we should expect a new bullish movement d) Our Bullish Target is a Weekly Resistance Zone at 1900 e)...
a strong upward trend in this market so an increase we will buy signal buy Intraday trading pro
Gold has broken the trendline and has retested it. Breaking down from the bearish wedge should cause a sell to the 1700 level.
Two possible graphical scenarios for Gold. They are only on a graphic level, without considering anything else.
What a time to be a trader...and what a day! U.S. markets gapped up and held their gains throughout todays session after Moderna, Inc. reported positive phase 1 results of a potential Covid-19 vaccine. Could it really be that simple for the bulls? It'll be interesting to see how the market reacts when the Fed Chair Jerome Powell speaks at a scheduled Senate...
The upper limit in the symmetrical triangle pattern has been broken. In our recent analysis, we have mentioned that this pattern may be crucial for the gold market. What is more, if the recent top at 1747 USD will be broken too, we may expect another rally. The textbook target is located at 1813 USD and it is set by the height of the triangle pattern. The nearest...
GC Futures High probability to ride up to the price 1740.00 USD Send me message for more ANALYSIS and PRIVATE IDEAS 📧 📧 📧