Yes, I'm very bearish Gold on the medium term and to be honest this "I'm holding 1900, come, buy and make money" looks like a big trap for bulls.
Although this morning I was slightly bullish for very short term moves, the steep reversal from 1910 zone convinced me to have only one trade side for the yellow metal, sell
Now again the price is just above 1900 and if...
For 4 days Gold is stuck in a 100 pips range, which, considering its volatility, is very tight.
Although on H1 the price is putting in higher lows, I continue to be bearish on medium-term.
A new dive to 1900 should finally conclude the direction for the next few weeks and, on the other hand, a daily close above 1915 would put a pause to this bearish outlook and...
Price is facing bearish pressure from our descending trend line and a break below our downside confirmation level could see a further drop below this level. Stochastic is facing bearish pressure from our resistance as well.
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In yesterday's analysis I said that although Gold seems bullish, I'm not at all convinced of this move.
My opinion hasn't changed, even more, from my perspective, a BIG DROP is just around the corner.
From a technical point of view, I've drawn attention several times to the multiple lower highs that Gold is putting in on the daily chart, to the fact that the rise...
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions.
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Gold New Upate
1- 3 Places To Sell
2- 2 Places To Buy
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting...
I explained on several occasions why I'm bearish Gold on medium-term and why I think it will drop at least till 1850.
The price action in the past 2 days comes only to confirm my outlook and we can clearly see that the drop from 1931 has impulse
In my opinion, 1910-1915 is a good place to search for short opportunities and a 1875 target could have a great R:R for...
Whats up Traders! Gold has been moving fluently this week, so lets close out this week with some strong & profitable trades. Gold has recently rejected the Psych level $1925. No solid close above occurred, which prompted the Bearish Reversal from that same psych level. Price managed to test a strong area of support around $1913, it didn't stand a chance. ...
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Gold in 2016 there was a noticeable rise but at the end of the year it decreased due to political tensions.
By the end of 2017, gold had climbed back to around $1,300 per ounce. Spurring the last push of the year was the success of the euro in reaching the $1.20 mark, a...
For more than a week now, Gold is trading very quietly in a range of around 200 pips (1% in terms of price change) with a base under 1900 and a top towards 1920.
I'm still bearish XauUsd and a believe the break will be to the downside.
My target for short is 1850, but I wouldn't be surprised if Gold will dive further
A sell around 1910 could have a fabulous R:R of...