Here is what to expect on Gold RECAP: In our previous analysis the pair was trading @ $1694 We expected the pair to be bullish but did caution that the pair might attempt to touch June 2020 support level & this is what happened. None of our positions were triggered which we posted in our previous analysis but we entered longs/buys around the support level @...
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Above is an attempt to solve the age-old question of whether or not inflation exists, and, if it does, how much of it is floating around in today's environment? I like gold because it makes a market that is purely free from exogenous intervention. You can be sure that the changes in the spot price of Gold are reflective of either one or two things: 1) society's...
Here is our analysis on XAU/USD RECAP: In our previous analysis Gold was trading at $1810 We expected the pair to be bearish & trade back in the $1790-$1780 range and that's exactly what the pair did. The pair hit lows of $1783 triggering our Sell Stop at $1800 and hitting TP at $1790 enabling us to bank 200 pips on Gold WHAT TO EXPECT: Currently Gold...
Here is what tp expect on Gold RECAP: In our previous analysis Gold was trading at $1786 We expected the pair to be range bound between $1790-$1765 The pair did dip below the $1765 mark before going back to $1770 zone Yesterday the pair managed to break above $1790 and triggered our buy stop at $1795 and hitting our TP at $1805 which we set in our previous...
Midterm forecast: While the price is above the support 1762.05, resumption of uptrend is expected. We make sure when the resistance at 1875.15 breaks. If the support at 1762.05 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A peak is...
Midterm forecast: While the price is above the support 1762.05, resumption of uptrend is expected. We make sure when the resistance at 1875.15 breaks. If the support at 1762.05 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A peak is...
Here is an update on XAU/USD RECAP: In our previous analysis XAU/USD was trading at $1788 We expected a reversal after a bullish harmonic pattern had formed. We cautioned of a high possibility of a further move to the downside and this is what happened. Gold reached lows of $1769 triggering our Sell Stop at $1780 and hitting our TP at $1770 banking 200 pips...
XauUsd Broke the trend line and very close to break the November low. If that happens very likely is heading to $1650.
I think price will hold up around 1824 / 1834 before the bear comes in....... The bear will come in first, before we start seeing the BULLISH run
Midterm forecast: While the price is above the support 1762.05, resumption of uptrend is expected. We make sure when the resistance at 1875.15 breaks. If the support at 1762.05 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A peak is...
Midterm forecast: While the price is above the support 1762.05, resumption of uptrend is expected. We make sure when the resistance at 1875.15 breaks. If the support at 1762.05 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A peak is...
Midterm forecast: While the price is above the support 1762.05, resumption of uptrend is expected. We make sure when the resistance at 1902.60 breaks. If the support at 1762.05 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A trough...
Midterm forecast: While the price is above the support 1762.05, resumption of uptrend is expected. We make sure when the resistance at 1902.60 breaks. If the support at 1762.05 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A trough...
XauUsd is doing 7 swings Double Correction. Should find support ~$1700~$1710.
Gold gained 1.17% following weakness in the USD due to risk-on momentum. Broke above recent highs and now showing signs for further momentum to the upside towards the 1900 mark.
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (1851.58). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XAUUSD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (1851.58). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XAUUSD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...