GOLD is pulling back to the major support level at 1900. The market is trading in a downward channel . Price broke and closed below the major level at 1920, which gives the market a bearish sentiment. However Price action prints the bullish harmonic pattern after a sell-off. We look for short term counter-trend trade opportunities at the confluence level:...
As I predicted, Gold started a correctional movement. Here is my latest structure analysis. Horizontal Structures Support 1: 1896 - 1904 area Support 2: 1864 - 1879 area Support 3: 1817 - 1832 area Vertical Structures Major rising trend line Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Hey Everyone, It is truly amazing to see our chart idea play out and how effective our Goldturn ema5 cross and lock strategy is in measuring the momentum of price. Take for example todays 1918 cross and lock, which we highlighted on this chart, stating it will open the swing range down to 1901 for the swing. This was precise measurement, which allowed us to slow...
Analysis xauusd: Due to the correction of the price, I expect a good growth from this area to the specified. . . price: 1903.00 sl: 1880.00 tp: 1850.00 tp2:1970.00 . . 👤 Alireza hajighasem : @alirezahajighasem . . 📅 1/31/2023
Hey Everyone, Our new 1H chart idea has started to play out with our first Bullish TARGET 1931 HIT, followed with the retracement into the zone identified. We are now seeing price test the retracement level. We would need to see 1918 level broken with ema5 to open the lower levels into the swing range or we are likely to see another challenge back to 1931, 1937...
GOLD is in a consolidation zone after breaking out of the ascending channel. The resistance level at 1935 is holding the price. Price action is printing a possible AB=CD pattern if the price breaks out of the consolidation zone. We expect a short term pullback from the resistance. ------------------- Share your opinion in the comments and support the...
Currency Pair : GOLD Possible direction : Bearish Technical Analysis : GOLD on the 4H timeframe is forming a possible head & shoulder with a dynamic resistance. As there is a monthly close tomorrow, after an over extension on the monthly highly likely GOLD will continue to drop for a deeper retracement. Possible trade recommendation : Bearish as per chart...
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 (XAUUSD) is close to forming a strong bearish pattern on the 1H time-frame, the Death Cross, which is when the 1H MA50 (blue trend-line) crosses below the 1H MA200 (orange trend-line). Last time it formed this was a month ago (December 26). This is the first bearish signal on Gold in a long time and we are going to approach this by candle closings and...
This is the Trading Idea About the Gold Wait for the right time for trade after the break from upper or down side than trade on retest Thanks
Gold remains strongly bullish as long as the 1920 zone is intact and a break above 1940 would bring confirmation. In such an instance Gold could accelerate its gains and 2k could be the next target for bulls
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.
Hey Everyone, Please see our updated 1H chart Goldturn support and resistance levels and targets. As you can see price has been ranging between 1918 - 1946 and the retracement zone has been tested and respected more than once. When a support or resistance area is tested more than once, it usually strengthens that level further. We would need to see 1918 broken...
Hey Everyone, Please see our 4H chart updated Goldturn support and resistance levels and targets. We have also updated out Goldturn ascending channel, which is being respected well. EMA5 failed to lock above 1941, which followed with a rejection down to the retracement zone identified. We will need to see the retracement level broken for price to break out of...
Is it time for the main trend test yet? The charts are certainly indicating so, we have this rising wedge that we have broken out of but also a early H+S formation. We will need to give a few days to see if we get a right shoulder play out to confirm this but if so Targets next week will be 1902 & 1870 ish leve. 1920 still remains a solid support for bulls so a...
Gold is in consolidation, an uptrend and buyers are trying to push the price up, but at the same time a bearish pattern is forming There is an interesting pattern on the chart, which could lead to a price correction to the 1900 area. The upward wedge can be broken downwards, which is the essence of the pattern. If the support of the wedge is broken and the...
Hey Everyone, This is our monthly chart that we have been tracking all the way up from 1700. This has been playing out to perfection. We are now at the test zone we identified as the final leg of our run. There is still more room into the test zone at 1976 as a minimum but need to play it extra safe in this range and ease off the gas. As mentioned already on...