Gold has been pushing up and up and up...….. BUT I feel it will finally at least have a retracement xD…...there are 2 levels ive marked take your trades carefully.....
The yellow metal found resistance by the 200 DMA within a pennant. That suggests a downside breakout would commence next week. In such a scenario, we'd expect another leg down for the precious metal. I recommend you this time shorting during this week as i expected a downside move from GOLD in the stock markets.
i m looking short gold blue line is interday level and zone area key level . i m expecting downside below invalidation level 1555 is very important
Bullish Coronavirus breaks China Country containment. Target set at 1594.0 Bearish Coronavirus fades, Chinese Government seems to not be as fourthright as Western World would like them to be about the Coronavirus outbreak. Target 1556.0 ( 2019 High - Strong support )
Considering five structure has been folded, any rejection below Key Level is an opportunity to short for continuation of big third wave. Any breach above critical level, the sell setup is considered invalid. Sit tight. Key Level : 1585.845 Critical Level : 1592.704
A slow time consuming upper movement. I am expecting the (c) of B is in the making. Any strong and clear rejection in the risk area, and if any condition makes price stays below key level, we will consider short this pair and assuming the continuation of big C impulsive. Objective : Sell market below key level.
Gold More down Side area 1295-1302 Zone area if close above 1306 then bulish trend again start but this time we expecting bearish from selling zone
JDST looks like it will touch/surpass its previous high at $55. If Gold continues to decline towards 1220, JDST could easily reach $80.
Respected followers, as we know that Gold rally was near to end and Gold is ready for fall. At current price gold has Major resistance which could push down it to 1238. Best of luck.
Respected followers, yesterday Gold has rejected it's double top which indicate us that Gold is ready to go down to support level by EMA 50.
LOOKING FOR A RETRACE TO MY 88.6 FIB ON SMALLER TIME FRAMES, TRADING EU TO DOWNSIDE BASED OFF THE MONTHLY FIBS. IF ENTRY TAKEN AT 88.6 FIB, POTENTIAL DOWNSIDE 90 PIPS, POTENTIAL RISK 35 PIPS MONTHLY SHOWING A GOOD WAYS TO DOWNSIDE IN LONG TERM
Current structure rising flag with bearish divergence in H2, very effective pattern. open shorts between $1227/128 target $1216/$1219, depends on your broker.
Entry and Exit Strategy are highlighted at the end of my analysis. The following analysis points out that a bullish reversal in gold is likely. My analysis a couple of weeks highlighted that a reversal was imminent, however, my analysis was slightly too early. As such, I have re-evaluated my position and analysed fundamentals in the market to better gauge what...
For those of you already short or looking for a short entry, there is a new, bearish flag pattern forming. I think we could still see price pop from here considering the strong bullish move from the bottom of the flag, but as long as price stays contained within the flag we could see selling pressure re-enter and a break down of the flag setting up a price target...
In this video I talk about the bearish inside bar fake-out pattern that has formed on the daily charts in the gold futures market. I cover a short educational lesson on the important of market key support and resistance levels ahead of time. Finally I cover some potential entry / stop loss / profit taking levels for short sellers.
NR7 is in play (range smaller than past 7 days) - Overall trend is down. Violent move down can happen. If played short side- put a stop at 1264 Trade accordingly.