A piptastic finish to the week for us hitting all our Bullish targets!!!
We the saw price drop down for a correction clearing all our bearish targets and yet respecting our weighted level supports for 30 to 40 pip bounce as suggested all week.
Our swing range weighted level did exactly what it says on the tin, with the perfect swing to 2032, as...
at level 2060 USD as previsous TOP , We notice some weak of bulls as we can see the divergence on CCI mixed with Pin Bare on Weekly timeframe
we expected a possible breaking uptrendline for the next three ou fours weeks.
TP and SL are clearly showing
Gold hit the bottom of the 4H Channel Up and the 4H MA200 turning neutral on 1D and bearish on 4H (RSI = 37.407, MACD = -6.030, ADX = 14.273). The 4H MACD also indicates that we are on bottom territory so we expect a short term rebound and we're bullish targeting the 4H MA50 (TP = 2,035). As long as the designated dashed Channel Down holds, we will then turn...
Today we are expecting the US NFP report.
Here are the potential scenarios for Gold.
If the price drops and closes below 1998 key daily structure support,
it will be a strong bearish signal and a further decline will be anticipated
at least to 1978
The price formed an inverted head and shoulders formation on a 4H time frame.
Today’s Nonfarm Payroll report is expected to show 180k new jobs created in November compared to 150k in October, while the unemployment rate is expected to remain unchanged at 3.9%. A lower-than-expected number will underpin expectations that the Fed will start cutting interest rates at the end of Q1/start of Q2 next year. The latest CME Fed Fund probabilities...
Gold (XAU/USD) broke its previous record, briefly reaching an all-time high earlier in the week, only to swiftly plummet, suggesting that the long-await bullish breakout was a fakeout.
Despite waning upward momentum, bullion retains a positive technical profile, so the path of least resistance remains to the upside. With that in mind, if the precious metal...
After completing our 1H chart idea, please now review our 4H chart idea, which also played out perfectly hitting all our Bullish Targets followed with the bearish targets and then to finish off our 4H swing range gave the perfect swing allowing us capture pips safely using our strategy to buy dips.
The level to level break and locks allowed us to...
Another great day for us on the charts!!!
We highlighted yesterday the test on the swing range and the expected swing. Our swing range weighted level did exactly what it says on the tin, with the perfect swing to 2032, as highlighted by us on the chart.
We are now seeing price test this level and will likely play between this range 2015 - 2032...
Here is my latest structure analysis for Gold.
Horizontal Key Levels
Resistance 1: 2142 - 2150 area
Support 1: 1998 - 2009 area
Support 2: 1963 - 1977 area
Support 3: 1930 - 1938 area
Vertical Key Levels
Rising trend line - daily candle close below that will turn that trend line
into a vertical resistance.
My focus is on a trend line at the moment.
Yesterday, gold prices saw an inverted deep V-shape reversal. Gold prices surged sharply higher in morning trading, hitting an all-time high of 2145. Subsequently, they fluctuated downwards, stopped falling around 2020, and finally closed with a full bear candle with a long upper shadow. At this point, the gold price trend has also shown signs of a top, forming a...
After completing all our Bullish targets yesterday we stated the swing range was open and a full test was likely. We got the swing range test today also completing all bearish targets, which was respected perfectly and, as usual we got the 30 to 40 pip bounce!!!!
We will now see either a full test back to 2032 or a break and lock below 2010 will...
Fantastic start to the week and month with our chart idea hitting all targets in the first day completing our setup - BOOOOM!!!
2078 - DONE
2091 - DONE
2104 - DONE
We got the ATH break, as analysed into 2148 before price came crashing down. We completed our targets and therefore waited patiently for price to come back into the range. We saw price...
Welcome back! Let me know your thoughts in the comments!
** GOLD Analysis - Listen to video!
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Interplay of Carney's "Failed Wave" and Elliott Wave Analysis
Is this another Gold trap? As we've observed, there have been several traps in this range, all triggered by harmonic patterns. Here we are facing another potential bearish setup. A breakout at $2,162 could signal a strong bullish trend, but there might be room for pause. Let's take...
Gold wants to make a similar Movement like the Main wave 2 ( Flat Correction ), I tried to show you the end of the Main wave 4 in my Chart, and probably it will happen at my TRZ (Time Reversal Zone).
Where is the end of main wave 4 ❗️❓
🎯 Target 🎯: 1680$ until 1650$
Where is the end of main wave 5 ❗️❓
🎯 Target 🎯: 2263$ until 2230$
In last weeks KOG report we said we would be looking for two trades, either a long from support levels or a short from resistance levels if they took it up. We suggested keeping an eye on the 2010-15 resistance as we expected a reaction in price there, and if broken we would be looking at the 2030-35 region as a target point. During the week, we...