Hello,Friends! GOLD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 4H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is...
Good day! As for gold here, as for bitcoin, we see an attempt to overcome the new ATH. The market is overloaded with bulls, so I expect correction and further liquidity gathering from below, preliminary breakout upwards is possible to liquidate the shorts. What are your thoughts?
After a strong upward movement, gold has reached the resistance range of 2140 - 2148 significantly. It seems like it's time for a correction now. If gold wants to correct due to today's news, we can set our target at 2090, which is an important support level for gold. Gold Support: 2080.5 - 2088 Gold Resistance: 2140 - 2148 And the price of 2120 determines the...
Hello,Friends! We are going short on the GOLD with the target of 2055.261 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
Please, check our technical outlook for GOLD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 2082.754. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 2058.865...
Welcome back everyone! Gold followed my long term view and could have finished the wave B pullback within a wave 2 according to Elliot wave analysis. We are now at a very important important resistance zone 2072 - 2090 and got a first bearish reaction from here. The long term idea is that Gold ended impulsive wave 1 with the new ATH and now started an ABC...
📈 Gold has finally broken its downward trend line and shown a strong growth! 🌟 🔮 Now we await a correction, which could happen around the key resistance zone of 2086 - 2094! 🛡️ This is the last major resistance for gold, and if it fails to surpass this level and confirms a downward move, I expect our short-term targets to be 2062 - 2040, and our mid-term target...
Hello,Friends! We are targeting the 2016.542 level area with our short trade on GOLD which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option. ✅LIKE AND COMMENT MY IDEAS✅
Take a look at our analysis for GOLD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 2032.644. The above observations make me that the market will inevitably achieve 2024.505 level. P.S Overbought describes a period of time where there has been a...
Hello,Friends! GOLD is making a bullish rebound on the 1D TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 1988.710 level. ✅LIKE AND COMMENT MY IDEAS✅
Please, check our technical outlook for GOLD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 2025.53. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1991.60 level....
Hi folks today I'm prepared for you Gold analytics. Some days ago price broke the resistance level, which coincided with the resistance zone and rose to the trend line, but soon it turned around and in a short time declined back, breaking the 2040 level again. In a short time later, Gold rose to the resistance zone and then continued to decline to the support...
Please, check our technical outlook for GOLD. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 2029.738. Taking into consideration the structure & trend analysis, I believe that the market will reach 2017.553 level soon. P.S Please, note that an...
Hello,Friends! We are now examining the GOLD pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 2011.203 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! The BB upper band is nearby so GOLD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1998.299. ✅LIKE AND COMMENT MY IDEAS✅
Take a look at our analysis for GOLD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 2013.101. The above observations make me that the market will inevitably achieve 1962.505 level. P.S The term oversold refers to a condition where an asset has...
Gold touched the FIB golden zone and from there looks like retracing. FVG also been filled. I expect 1979 next week
Hello,Friends! GOLD is making a bullish rebound on the 2H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 1984.223 level. ✅LIKE AND COMMENT MY IDEAS✅