This week will consist of two parts. The first half of the week is not expected to be very exciting, but more of a sideways trading and slow price action.
However, in the second half of the week we should see some big moves and lower values on GOLD.
The first support level to watch out for is still 1735 and we probably won't see a breakout in the next 48 hours....
GOLD on the daily chart got rejected by the confluence point at the daily resistance.
The price created a triple top on the 0.618 Fibonacci retracement level and now is moving to the support structure.
According to Plancton's strategy if the price will break below we will set a nice short order following our Academy rules.
Follow the Shrimp 🦐
In yesterday's comment, I said that Gold can correct, and it did. After reaching a low at 1741, XauUsd started to rise and went above 1765. However, the rise was anemic and without power.
The medium-term trend is strongly bearish and I m looking to sell rallies.
A spike above 1765 is not out of the question, but I believe this will be a false break just to clear...
I found some strange price action on gold which was not as expected in my last weekly analysis. This video shows a quick update on price action expecting on upcoming FOMC meeting. Suddenly chart turn to bullish however we required a lower low before continue upside. Please watch the video for explanation.
GOLD has gone up with 25$ from this week's lows.
Right now, it's breaking above previous highs and most probably, a lot of people have noticed inversed head and shoulders pattern.
The question is, if this will reverse the whole move or is it just a correction?
We're looking at a downside continuation.
That means that any upside move shouldn't go above 1780-85...
Gold rebounded from its low around 1742 USD retracing back above its support near 1750 USD. We continue to have notion that gold will remain stuck trading between 1750 USD and 1840 USD for indefinite amount of time. However, we expect eventual break out to the upside. We continue to be bullish on gold and our short term price target remains 1850 USD. Investors...
Hello traders, GOLD in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
Gold is in the range that the two middle lines of the channel have crossed.
Wave 4 with a relatively normal correction, ie the same range, can start wave 5 to build a price floor.
However, due to the structure of...
Gold rallied from a 1-month low yesterday. The price has carried the selling moment from its previous session and dropped to the day-low near 1741 at the market opening. Since then, it had started to rebound. The price climbed to as high as 1767 at the US session, with the day ended near 1763.
The price has escaped the upward trendline(1) before the US...
Hello Traders! Check Related Idea for market context!!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the...
H1 time frame.
Structure: The price moves sideways in the 1747-1767 range.
At the price of 1767, if there is a sell signal, you can enter the trade with a target of 1747 and further 1720.
If at this price, the price continues to increase, then the 1780 resistance level is likely to show a sell signal.
The profit target is 1720 and...
A shorter timeframe showing possible Fib/PMB inversion. Indicator shows high confidence. Whiplash effect from global markets will create an enticing buying opportunity in the next 3 weeks I would guess at this point. Don't buy yet, and don't get lured in by the inevitable bounces.
As yesterday I gave update on GOLD that it is moving sideway and will have a strong move in middle of this week, might be tomorrow or day after tomorrow. Till that time a short sell setup has there where you can make a good profit. Although GOLD went high move 1766.91 in sideway.
Place your order according to your risk. If it moves above 1768 then we may see...
After previous week's drastic fall, the gold started its consolidation on the way up but on a certain price zone, the chart has faced the same resistance three times which is shown on the chart. After breaking this zone, we predict that the gold price will hike to 1785$ per ounce.
moreover, the chart has formed an a,b,c chart pattern. In this case the target is...
Pair Name : GBPUSD
TimeFrame : 4Hrs
Direction : Short
Type : Swing
Bearish After Break : 1.36300
Target Range : 170 Pips
Neat and clean chart with clear setup, no junk on chart.
If you like this idea, then smash like...