We have been caught between equal highs and equal lows for quite some time now. Soon we will see an impulsive move that will look to capture either side of the market.
Personally, I would like to see the resistance point being targeted first since we are closer to it than the support.
The impulsive push yesterday has eradicated some sellers from the market...
1806 TARGET BANKED. em5 broke and opened a target for 1806 which was banked today. If the 1750 target was taken then this movement here and break above 1806 will be an area to stop out for the 1750 target. However if 1806 was targeted and not 1750 then if this fails to break and close above 1806 then a target to 1750 will be a great entry from here.
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Looking to sell new daily highs today so set your sell limit for just above the previous high or above 1796 for a nice short once the NY volume comes in to a better demand area. There should be a slight liquidity grab on the buy side as the last trend line gets touched, watch this to see how gold reacts and manually enter your short if you haven't already set your...
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I am looking at a possible continuation pattern. Price will consolidate for a while until its ready to break out again. I would look for an entry around $1775. So far I am bullish on Gold.
Gold traded in a tight range yesterday. The market opened near 1782 early in the Asian session, and it has been trading in between 1780-88 before the US session opening. The price touched the day-low near 1775 at the session's opening, and the day finally ended unchanged near 1782.
The uptrend channel(1) on the 1-hour chart is still valid. Before the price...
Hello traders, Gold in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
Due to the recent movements of gold and the creation of three-wave patterns, we were somewhat skeptical about the upward movement of gold.
On the other hand, for this upward movement, we need a very strong...
Last week we saw big fluctuations on GOLD. We've been mentioning the sell opportunities all the time.
The case is still the same.
In case of a break below the previous lows, we will sell and aim for the levels below 1724.
If it goes to the upside, we will look for reversal signals and sell again with a target below 1724.
We do not recommend entries at current...
Hello traders, GOLD in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
Gold is still inside its second wave, wave 2 is inside wave b. We assumed that wave b formed as a triangle and then with the complete failure of the lower side of the triangle we will have a downward motion to form...