Hey Everyone,
Please see updated weighted Goldturns and targets for the coming week. We had a lovely move up end of last week also supported by the double bottom chart pattern. We had an earlier confirmation of the double bottom break out by identifying the two Goldturns above 1622.
1661 Target looks like an immediate target on market open, but we will need to...
Hey Everyone,
Please see updated 4H chart Goldturns and targets for the coming week ahead.
We kept our targets from last week on the chart to also show you how well the levels and our projections played out. The chart played out beautifully!!
1662 is our next Bullish target with 1644 being our retracement range in line with EMA5 detachment from price. A break...
Hey Everyone,
What a BOOOOOM-TASTIC and PIP-TASTIC week for our members.
As you can see all see our Bullish, Bearish and swing range targets all COMPLETE!!!
We had a fresh test to swing range today after rejection below 1646 yesterday. We then had two new Goldturns form above 1620, which gave the confirmation for the push up and then BOOOM a lovely ride...
Morning Everyone,
Its Friday and we are taking it easy after a smashing week so far.
Price is now challenging the 1624 Goldturn within the channel floor range. This is a crucial support area, and should this hold, we should see a nice push up in price to challenge 1643 level. A break of this level will potentially open the 1580 range.
We will track and trade...
GOLD broke and closed below the support level and is trading in a descending channel .
After big moves, price action tends to consolidate and form patterns like compression channels.
We expect a sideways move until price action shows a new trend.
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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.
As the father of the modern economy said back in 1930: " The market can stay irrational longer than you can stay solvent" and this couldn't be more true now with a falling Gold price in a high inflation environment. But there is also a saying for traders:" Trade what you see, not what you think"...
So, what do we see when it comes to Gold?
Looking at the...
GOLD SELL @ 1646
SL 1652
TP 1641
TP 1636
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Gold price retraces up to after a brief jump from the monthly low $1622, as it dropped during early Thursday morning in Europe. Covid updates from China offered intermediate bounce for XAUUSD. A recovery needs validation from a two-week-long resistance line, close to $1643 to get short-term buyers. One week-old descending trend line offers immediate support near...
As Gold touched its all Time High 2000+ and now its down trend perfectly working and now it will go toward 1620-1632 and it trades are running so please manage your trades and move stop losses . and Get ready for a good profit run
GOLD remains bearish and it is trading in the descending channel .
It broke and closed below the range zone at (1643 -1642) following a bearish move.
If the resistance level rejects resistance, then we can look for selling opportunities.
We expect test of the major support level at 1616.
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Share your opinion in the comments and support...
Hawkish Fed expectations, rising US bond yields, stronger USD exert pressure on Gold which hits two weeks low today. It is currently trading near $1636. The USD maintains its strong bid tone and seems rather unaffected by mixed US housing market data. It suggests that the path for the XAUUSD is to the downside. Gold below $1690 - $1677 has reinforced its existing...
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.
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.
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.
The recent repeated failures to break above $1680 supply zone suggest that the path of least resistance for gold is to the downside. However, for now we may see Gold to move sideways between $1640 - $1660 until further price action signal. The commodity should test $1660 - $1670 before the move down towards $1630. The USD buying will weight on Gold price. The...
