I still am bearish on Gold for next few weeks. Confirmations: - Rising Wedge - Bearish divergence Entry - 4hr candle close below 2334 TP Range - 2270 - 2260 SL - 2351.2
This is a no-brainer to SELL it right here. Especially with the DXY about to bottom! (... which will very likely turn out to be an extremely long-term bottom - i.e., "for good" - as the U NYSE:D is about to go on a historic tear (+50%))
Since gold broke out of the L-MLH, I was waiting for this opportunity. This is a nice test of the L-MLH. Be aware that it could drop and come up again for a re-Test of the L-MLH. So stops have to be places accordingly. As for the red Centerline, we also have to be aware that the CL was already reached back on Aug. 17th. So any accelerator could pump up GC back...
It's very nice to see how price reacted at the CL, then came back to the U-MLH. And again price got rejected at the U-MLH. The A/R line is broken and now price has a good chance to travel to the Center Line again. btw: This trader has the same idea, just using another technique: Great one, I really like this.
Inverse Cup and Handle seems to be forming on the daily chart for gold. This does not give safe-haven vibes. Unless it's for a short. If the price breaks below the brim level (support), we could see downside to come for the metal. Other indicators confirm downside. 21>7 We just need the price to break below 200MA and it's all down from here. RSI<50 Target...
Please, check our technical outlook for GC1!. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 1978.1. Taking into consideration the structure & trend analysis, I believe that the market will reach 1963.5 level soon. P.S We determine oversold/overbought...
COMEX:GC1! OANDA:XAUUSD GC/XAAUSD - Sell signal for tomorrow 20/06/2023 Trade at your own risk
Hello,Friends! GC1! is bearish right now and I think that market conditions Are right for the move down Therefore, I think it is sensible to go short! Like and subscribe and comment my ideas if you enjoy them!
GOLD FUTURES As we said in the previous analysis, he penetrated the strongest resistance zone, or a very strong display area, and he went up, and we could see a very strong retest, and who was aggressively climbed to the previous summit
The price is in an important resistance area that it couldn't break so far, and we can see a bearish divergence after the pin formation, and as for DX! The price is preparing for a rally "good luck".
very obvious that gold has been on a downtrend since March. the trend is moving below MA 209 which confirms the trend. As long as there is no obvious trend reversal signal, I will only look for sell signals on my daily trading. By focusing only on selling signals, I will increase my win rate and avoid many losses. On the weekly chart, the MA 209 is broken and...
GOLD FUTURES We have also analyzed that gold has gone to strong supply areas, from which it is possible to continue to fall superstitiously
GOLD FUTURES A very strong plunge of gold to a very important point. If broken, it will continue to fall very strongly. The MACD indicator shows us that there is a very strong prospect of falling to our levels.
GOLD FUTURES Gold has broken his strongest support, a strong demand zone that he has surpassed and will be headed to the next target of a strong grandfather
Gold made a very strong fall and broke us the strongest strong areas of demand and likely to continue falling to the lowest points
GC market analysis and price forecast for MONDAY Forecast for price on fream 15 min Follom us for more THERE is a high probability of the price going down to the specified area
A very correct and strong analysis, we achieved the conditions, broke the strong demand area and came down strongly, and it is likely to continue to fall to the target at the bottom.
We can see on the weekly time frame that the price is inside a price channel, and previously it was rejected from the upper line by forming a double top, and we have a bearish engulfing formed two weeks ago which confirms that the price will go down to the lower line of the channel.