As you can see in the 4H chart of Gold the bearish trend continues so that it could complete the 4=5th wave of Elliott. Therefore the first TP would be at fibo cluster which is 78.6 and 50% which is about 1724.51 and 1728.84 and if it does not support Gold very well it would fall even more to the next cluster which is 1707.15
By my analyst before, im predict the gold bearish to 1786 and still suffer till now. from the daily tf chart gold is experiencing correction for now if it doesn't break the strong support below. Currently, the correction that has occurred has touched Fibonacci at 0.618 which is at the price of 1691. based on my analysis gold will continue to fall to 1624 (Tp2) and...
By 18/01/21 Gold will continue bearish until hit harmonic number 1.168 and there is strong support near that.
GOLD/XAUSUD IS UNDER HIGH BEARISH PRESSURE SO WE WAIT FOR THE USE SESSION TO MOVE DOWN WITH IT
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
Hello Traders XAU/USD is still on a correction wave. I expect prices @ $1760 or lower.
Gold is completing an expanded flat that is why it created a new top in 2020, and has already started wave (C) of the larger correction , that means Gold is extremely bearish in year 2021. I believe that Gold has already created base for the massive decline , and will move sharply down in next 2-3 months surprising most the people. Putting it out there to help...
GOLD SELL TP_1762.80_6.62%_124.96pips_SL_1908.14_1.08%_20.38pips
Hello traders I'm still holding my word that GOLD STILL IN CORRECTION and this is my interpretation with a nice risk reward ratio of 1 to 5. Gold decline started august 6 with a sharp decline from $2074 to $1863 that I identify as wave W (Zig-Zag) followed by a triangle pattern (Wave X) and it's triangle thrust as wave Y that ended on September 24th at $1845 . ...
GOLD has bearish from august 2020 until now. We will look forward more bearish until 1728.34 where price action should be monitored to join any upward wave ((v)) continuation.
I have not made any posting regarding gold since for a while. Many people kept asking me what is the reason. The reason is i am in waiting mode. Watching mode. As you can see the bigger picture, XAUUSD has been oversold on the first attempt territories in the history. If you check back the past history of gold back into the late '80 and 90', you will find the...
TVC:GOLD potential bearish setup forming here after a weak bounce recently and a break of 1888 may trigger more downside. Resistance at 1912 for now.
We see the bearish momentum on Gold (GC), has high probabilily to reach 1795 usd today please support our work by smashing that like button or following! These really help us to reach more traders like you!
GOLD rally towards 1747 needs to breach 1765.008 to go further bullish. Failure to do so, bearish market is expected for formation Y of (IV) wave structure. Invalidation : 1765.008
Gold having reach the resistance in the ascending channel has now become Bearish
Gold we have a great and potential opportunity. We could now go on sale, keeping a correct management of the capital, since it is very possible that it will reach the 1800s. Or wait. But the fall is imminent, we have strong resistance which combined with our patterns, should send the gold down.