GOLD is moving in an ascending channel. However, the price rebounded from the resistance level. The market is trading near the channel boundary. Most likely, it will breakout the channel and go to the support level. We expect a bearish move to retest the support and fibo 61.8% fibo level. ------------------- Share your opinion in the comments, and support the...
Hello, according to my analysis of gold for a 15-minute frame. We notice the formation of an ascending channel. We are likely to break the channel downwards, to the level of 2067.50. Good luck to everyone.
Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price test 2063 Goldturn suport and sitting between two weighted levels for a test and break on either Goldturn to confirm the next level. We have resistance at 2071 for a immediate bullish target and 2054, as our bearish retracement target. We will see price...
Hey Everyone, Please see our updated 4h chart levels and targets for the coming week. Currently we are seeing price play between 2059 and 2071 weighted Goldturns. We would need to see a break and lock above and below either level to track price to the next range target. We have support test open at 2059 Goldturn and also a bullish retest at 2071. We would need...
Hey Everyone, Please see our daily chart update which we have been tracking all month. Once again true perfection alongside our smaller timeframe analysis. EMA5 cross and lock above 2043 confirmed the 2089 target on this chart with plenty of time to get in for the action, which was completed last week and respected perfectly. We will now either see resistance...
Hey Everyone, This is an update on our weekly chart idea that we have been tracking and trading successfully over the last few months. The swing range bounce provided the momentum for price to break back into the channel. We were then looking for support within the channel, which 2 weeks price action provided on the channel bottom followed with our 2048 Axis...
GOLD completed the AB=CD pattern in the ascending channel. It's decelerating while approaching the resistance. The market created a divergence and dropped from the resistance. We expect a pullback from this resistance level, potentially retesting the 38.2% retracement level. ------------------- Share your opinion in the comments and support the idea with...
Hey Everyone, A perfect finish to the day with our final target HIT completing this chart idea. Yesterday we hit our target at 2071 and was just short of the final target at 2086, which was left open and completed today - BOOOOOM!!! We also stated if ema5 fails to lock above 2086 we will see a rejection to weighted support at 2071 or 2063. Once again 2071 was...
GOLD moved higher, making new highs and higher closes. Price dropped from the 2090. The market is at the 4-hourly resistance level. It created divergence. We expect a bearish move from the fibo extension level and resistance. ------------------- Share your opinion in the comments, and support the idea with a like. Thanks for your support!
Hey Everyone, Another PIPTASTIC day for us on the markets. Our chart idea played out perfectly once again hitting our Bullish target at 2071 and just short of the final target at 2086, after the ema5 lock confirmation of 2063. As stated yesterday, we were expecting a re-test of 2063 and then a cross and lock to open the above targets. Once again our weighted...
Gold short from big resistance zone. Let me know what you think!
Gold (XAUUSD) hasn't so far diverged from the previous two ATH peak patterns (March 08 2022 and August 07 2020) as following this Cycle's new All Time High, it got heavily sold to the 1D MA50 (blue trend-line), which held and initiated a price rebound. This rebound sequence is now approaching the 0.618 Fibonacci retracement level, which is where the Lower Highs...
GOLD is currently testing the structure resistance level by completing the AB=CD pattern. It's approaching the kill zone, where we have major structure resistance and fibo extension level 141.40%. The market created a divergence and double top at the resistance on the 1 hourly chart. We expect a pullback from this resistance level. ------------------- Share...
Hey Everyone, Our chart idea has started the week with our first Bullish target at 2063 HIT. As stated Sunday we were seeing price sit between two weighted levels for a test and break on either Goldturn to confirm the next level. Price hit our target at 2063 but failed to cross and lock above 2063 with a clean break to open the range above. We are looking for...
Gold price (XAU/USD) rises to a near three-week high, around the $2,055 region earlier this Friday, albeit struggles to capitalize on the move amid a modest US Dollar (USD) uptick. In fact, the USD Index (DXY), which tracks the Greenback against a basket of currencies, reverses a part of the previous day's slide to a near five-month trough touched in the aftermath...
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 is testing resistance levels. Price double-toped on the lower timeframe. The market is most likely to consolidate at the resistance level since there's a supply zone above. We expect a short-term pullback from the resistance level. ------------------- Share your opinion in the comments, and support the idea with a like. Thanks for your support!
Jumping on quick to send my outlook for the day Im off for a beer! tommy