Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD WAS A DOUBLE TOP PREVIOUSLY - MAY GO FOR TRIPLE TOP OR BREAK TO MAKE A NEW HIGH ---- WHICH CAUSES THE DOLLAR TO FALL ---- The bullish momentum suggest a VERY STRONG move to break the previous High of the first leg of the double top......... BUY the GOLD MCX:GOLD1!
Gold since yesterday have been making crazy movements against technical analysis based on horizontal support and resistance zones... Let's watch closely how it will play along with the diagonal lines.
My idea is to monitor gold for 1 month - I am not a professional and it is just my prediction of the market Falling until 1920 and then increasing until 1950
GOLD is trading in a consolidation zone. Price is testing the 1920 support level and trendline creates a trading opportunity. Price made a deeper retracement than the previous one, and that means bulls are running out of steam. We expect more market consolidation until the market breaks the level to the upside or downside, signaling the start of a new...
Gold has recently violated a key daily structure resistance. The price has nicely respected that after a retest and the market keeps growing now. The momentum definitely started to slow down. I spotted a rising wedge pattern on 4H and a contraction of a price action. If you want to buy gold, the best strategy will be to buy after a pullback I would suggest...
After the breaking of the ascending channel, the possibility of pullback to the ceiling of the channel and go for a higher range
Gold faced resistance near $1940 and started moving lower during US trading session. Short term correction is happening with a target $1920 towards next demand zone. In case $1917 support broken it could send XAUUSD to $1910-$1900.
Observe our stoic perspective gold is reacting from three important aspect. 1) Fear of a recession (Which won't be as bad as everyone is making to be) 2) Falling DXY 3) Slow stock markets Gold is bullish due the impacting factors listed above, Gold should continue it's push up and should stalk something like the black line which has been drawn.
Gold is a very volatile metal...the moment you choose to trade Gold, you are ready to win and loose money. Here is a secret. NB. You don't trade Gold with little money. Least you can trade Gold is at least 100$ for beginners with lot size 0.01. GOLD IS NOT A RESPECTER OF PIPS...
Potential scenarios for Gold. Your trading plan. Technical analysis. ❤️Please, support this video with like and comment!❤️
I said it earlier in my last post that it’s time for gold to start going up, and its been going up since then. USD is struggling to hold ground and the liquid metal is skyrocketing to fill a gap around 1975 OZ. Till further notice I’m taking long term buys and short term sells on Gold.
GOLD broke the consolidation and closed above the major level at 1930. Price is making higher highs and higher closes, which has created an ascending channel . Following the momentum move, price action is forming a potential AB=CD pattern. We anticipate a breakout-pullback-continuation pattern. ------------------- Share your opinion in the comments and...
my idea is gold curruntly consolidating at higher levels instead of buy at high wait for retesting trendline and bounce back. sell here with tight stoploss tp is 1925 than buy if holds tp is 1958
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Gold is looking in a sell mode as it has already made a jump of 20 points from last US session. Now the price is expected to move down today as per US PMI strong data. Trading Levels will be 1935-1940|1950-1955 with a target range of 1920-1905
GOLD Sell now, its calculated in 4h , so keep patience plz, SL=1937.78 TP=1925 RULE- per trade risk 1 %