Gold break thru major support recently, was expecting it to bounce at least from 1880 level to retest 1965 but seem like it going to retest 1815-1830 level first. Hence I will enter short at 1860 - 1870 level.
Gold 4H-TIMEFRAME ANALYSIS hello and good morning traders this is my gold idea for the next 48h Good luck
Coming down... Gold takes another dive and confirms our turnaround zone. The purple trendline is broken, which sends a positive signal for further downwards pressure. However, there is another hurdle coming up. We are talking about the $1908 area where support is to be expected. Nevertheless, the bears should be able to bring prices down to roundabout $1860. In...
Probability : 65% the market will keep going up Stop loss: 1971.1 Take profit : 1982.3
Probability: 80% Read Carefully The market will keep going up Take profit & Stop loss: montioned on the chart If the Green Candle Cut the TP line with Force => use the Yellow line as a Resistance + New Take Profit 2. If the Green Candle Cut the Yellow Line With Force => Use Orange Line as A resistance + TP3 and use the Yellow Line as a Support. Note: All...
Probability: 65% ( read it carefully) The market will keep going up ( swing) Stop loss: if the Red candle cut with Force the Red line ( i close the trade manually) Take profit 1 : Green Line ( manually) If the green Candle Cut with Force the Green line Then: Yellow Line: is our second Take profit 2.
Please Read it carefully Probability: - 80% for the TP 1 65% for The TP 2 55% TP3 The market will keep going up stop loss: The orange line ( close it manually) Take profit: If the Candle cut with Force the first resistance ( Green line) => New Take profit 2 , if not: Take profit. if the candle cut with Force the Yellow line ( TP 2) => the GC1 may touch...
Gold's recent (substantial to say the truth) drop, got many traders and investors on the back foot and understandably so as most expected new stimulus to push the market higher without a correction. We see a lot of similarities of the recent (2011 - today) Cycle with the previous one (1980 - 2011). After hitting the 1.1 Fibonacci extension, it pulled back to the...
Gold is trading within a Channel Up on the 1H chart (RSI = 48.066, MACD = 1.570, ADX = 17.753) supported on the 1H MA50 since the past 24 candles. This is after the very sharp decline we predicted on the chart below: At the moment the 1H MA50 is tha catalyst, because as long as it trades above it, the bullish bias are more towards 1,985. If the 1H MA50...
Intraday Commodity Future Sell GOLDM SEP @55090-55140 SL 55560 TGT 54380 MACD cross over on the bearish side + TK line cross over + inchimoku cloud breakdown go short
Intraday Commodity Future Buy GOLDM SEP @54880-54930 SL 54580 TGT 55460 Above VWAP + MACD cross over + TK cross over => bullish momentum may retrace to 55000-55500
This is not a trading idea. This is my expectation for Gold futures prices until end of October or maybe November 2020. Disclaimer: This is not a financial or investment advice Trade safe, Atilla
Definitely looks like a break out, though volume is a tad underwhelming. Fundamentals for gold however, given the central bank flailing occurring globally, could not be stronger. Still a long position here looks promising but beware another margin call type event if we have a repeat of March!