Hi guys! 👋🏻 🔔 Some data to consider: Several Central Banks, including CBs of Hungary, Japan, Turkey and India have increased their Gold reserves in March, total purchases of all banks exceeded 172.2 tones. Central Bank of Hungary purchased 63 tones of gold to hedge from the US inflation, while Turkey, India and Japan CB's are most likely to hedge the risk of the...
hi hope you are all doing good this is update from my previous chart so what i am expecting is consolidation for some time ranging from 1752-1834. every level will play its part so currently i am looking for shorts for target 1777. i will keep updating when its time to go for long . if you like my setups do not forget to give it a thumbs up. Good luck
GOLD Long Setup Continuation trade: 👉🏻 Price broke the 1.618% Fib extension, next level will be the 2.618, if breaks further, 3.618 is the following target. We are in a bullish impulsive phase, forming HH and HL since the double bottom formed in the month of March'21.
GOLD Short Setup Continuation trade: Main idea: With a bullish bias on the dollar, I expect more downward movement in the short term for this corrective movement to play out. Possible HnS pattern
The trend is up for $gold - looking to hit $1830 in the next week.
Posting this after a long break so idea is simple short below 1770 for target 1758 easy money and buy above 1772 for target 1785 easy money i am expecting it to make maximum high 1806 but if it breaks that level next target will be 1827 and 1847 extension upto 1862 i will go hard short at 1862 with giant lots for target 1619 but i do not really think it will break...
Gold Long Setup Continuation trade: 👉🏻 4th straight bullish weekly candle now, since 30th Nov 2020 (3 bullish weekly candles). Price is also ranging in this channel since early Aug 2020, could possibly test the 1750 support first before heading back to the top of the channel. It is also being held by the 200 daily ema, it would be very interesting if price were...
GOLD Long Setup Continuation trade: 👉🏻 Positive gains on gold last week, total to nearly +2%. Bullish bias still intact with the same 2 targets as last week. A very good point of interest is at 1800, suppose many investors are waiting on for this psychological level.
Gold Long Setup Continuation trade: 👉🏻 Major bullish giveaway is on the weekly chart where a very strong bullish pinbar followed by a bullish candle. I believe many retail traders may short gold when the market opens as it is now at a so called 'resistance'. Price is expected to take out all the sellers by pushing higher.
GOLD Long Setup Continuation trade: 👉🏻 Price attempted to break 1700 level or even stay below it twice. We could very much assume that buyers are very much in control now. Some minor pullback will induce me into buying this precious metal. A significant break below 1670 will only then change my bias completely. We are also entering our 2nd quarter of the year,...
GOLD Long Setup Continuation trade: 🤫 A boring W4 for the precious metal, down 2% and pretty much side ways movement only. 1705 will be monitored closely to go long on gold. Long entry may be placed after a significant pullback on the price.
GOLD Buy setup Continuation trade: 💪🏼 GOLD as well has successfully made a rebound from the said 61.8% area and is approaching back to the 50.0% area. Noticed that market sentiment on retail traders are shorting the gold at the end of last week as price has approached so called 'resistance'. 2 major reasons why I'll be on the opposite side of the crowd: 1....
GOLD Long Setup 👉🏻 Continuation trade from: After a successful dump on the precious metal. Price has reached our previous said 61.8% Fibonacci area, It is advisable to wait for a reaction and enter on the pullback. Long positions would be favorable for investors in the market. 👀 Lower timeframe shows a potential ending diagonal. A long position may be placed...
GOLD 👉🏻 Previously mentioned in , price has broken down of the 50.0% and now could seek for the next zone at 61.8% Lower timeframe sell setup
Hi guys! 👋🏻 🔔 The tension around the stimulus bill rises as President Biden decided to imply stricter income limits on the next round of stimulus checks payouts. Under the new amendments, individuals who earn more than $80,000 per year, single parents earning more than $120,000 per year, and couples earning $150,000 will be disqualified from receiving the...
Hi guys! 👋🏻 🔔 The stimulus bill proposed by President Joe Biden’s administration is getting closer and is set to be finalized next week according to the New York Times, Gold continues the downtrend. The bill is set to increase the inflation as planned by the FOMC, however as the bill acceptance gets closer, Gold which is traditionally an inflation hedge, loses...
GOLD Neutral setup 👉🏻 The precious metal has been dumping since the New Year from $1955. Now is seating, for the second time at the major 50% of $1451 and $2075. Friday's close was not a decent candle to go long on, price could break down further to test the 61.8% level. Of course any further bounce could be a favourable indication to go long to the previous...
GOLD Short Setup Gold may fall further to complete an EW and also to reach the weekly Order Block