Forming Ascending Channel In H4 Timeframe Now Testing Counter Tl Incase Of Breakout Expecting Test Of Lower Line Area 1815 to 1820 Incase Of CHannel Breakout Expecting Move Toward 1760 to 1780 Area (Entry Will Be Only Valid After Counter Tl Breakout) Safe Sl Area Is Last High
gold is at a critical level of reversal opportunities
Gold has been looking bullish ever since the market opened
Gold should possibly reach the last high again before looking for strong downside movement...
Gold could reach the last high ever...creating a HUGE possible double top
Possible heads and shoulders... looking at a very likely huge drop on price for Gold...approximately +500 Pips Down
Gold will be extremely strong due to the war between #Russia and #Ukraine.
Gold has reached a previous resistance, and resistance trendline. Looking for sell opurtunities.
Gold rejects 1758 at major demand level, huge wick on the H4 candle, looks for a long into 1793x1795 and a break would bring us to 1804! small amount of traffic on the way up, first target is 1785 where we will slow down before blasting through! 1:4 RR if you take this trade 1% Risk for a 4% return! GOLD KING
We have gold trading at a nice range here. I am expecting gold to break 1745 and target 1755x1760 area, we have grabbed liquidity at 1730ish area for buy orders to take control, NY volume will anticipate a push higher in the session! Lets monitor! 1:8 RR if you take this trade Levels will be broken!
My analysis until June 19th. With futures contracts expiring on the 19th i expect gold to either retest this 1763 area or even break higher until 1772 with strong seller rejection back at this level in 2012. Gold continues to stay above the 200 ma waters but is at small momentum and will ultimately lose a bit on possible profit taking during expiration of...