Hey Everyone, Once again our update chart idea played out perfectly. Yesterday we stated that 1988 Weighted level was providing support and we have 1999 for the immediate resistance target due for a retest. - This played out perfectly with the 1999 hit perfectly We then had the break above 1999 opening 2007 and 2010. - 2007 hit and 2010 now left open We...
Hey Everyone, As promised yesterday, we have updated new Goldturn levels to accommodate the range below form yesterday breakout with updated retracement and swing range. 1988 Weighted level is providing support and we have 1999 for the immediate resistance target due for a retest. Both of these levels are weighted and we will need to see ema5 cross and lock on...
Yesterday's US news turned out to be very bearish for Gold. The market formed a high momentum bearish candle and violated 2 horizontal support and a major rising trend line, and successfully closed below them all. The broken structures compose an expanding supply zone now. We may see a retest of broken structures with a consequent bearish continuation. Next...
Hey Everyone, Please see our 4h chart update after completing our 1H idea. On our 1H chart idea we stated yesterday another re-test on 2027 was likely and an ema5 failure to cross will see price come back down to complete the swing range. Although todays momentum was driven by CPI news release, our technicals were respected and this played out for the drop...
Gold price reverses from a two-week low around $2,012 as geopolitical uncertainty improves appeal for safe-haven assets. The precious metal witnesses strong demand in the London session but is expected to face volatility as the US CPI data is set to release.
Gold is about to cross from a neutral technical 1D outlook (RSI = 45.543, MACD = -1.200, ADX = 26.629) to a bearish one as it got rejected on the 1D MA50, under which it will close for the third straight 1D candle. The 1D RSI suggests that this is a very slow medium term decline, as is evident by the 6 week Channel Down, that in the near term it will find a...
Hey Everyone, We hit the ground running with our first open target at 2027 HIT. Ema5 then failed to cross and lock above the 2027 weighted level confirming the rejection into the retracement range, also hitting both bearish targets at 2020 and 2016. EMA5 crossed and locked below 2020 opening the swing range. We got the push down into the swing range but didn't...
Price action analysis for Gold. Candlestick analysis, key levels. Potential scenarios. Trading recommendations. ❤️Please, support this video with like and comment!❤️
Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between support 2020 and resistance 2027 two weighted levels for a test and break on either Goldturn to confirm the next level. We have resistance at 2027 for a immediate bullish target and 2020, as our bearish level target. We will see price range...
Hey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price play between two weighted levels with 2017 support and 2028, as resistance open for a test. We have resistance Bullish target at 2028, and our bearish retracement zone at 2017. We will see price range between these levels until one breaks and locks to...
Hey Everyone, Please see our daily chart idea that we have been tracking for a while now, which is playing out and respecting the channel dynamics perfectly. We got the 2043 hit, as analysed and we advised that we will be waiting to see either ema5 cross and lock above 2043 to open the range above or a new Goldturn formation below 2043 to confirm rejection into...
Hey Everyone, This is our monthly chart long term projection chart. We have been tracking this chart since July 2023, which we saw completed hitting all our targets perfectly with a perfect finish on the channel top. We then tracked the rejection from the channel top into the monthly chart detachment highlighted by the circle with room still left at 1987 for a...
Here is my latest structure analysis for Gold for next week. Vertical Structures Vertical Support 1: Rising trend line Horizontal Structures Horizontal Support 1: 2009 - 2014 area Horizontal Support 2: 2001 - 2006 area Horizontal Support 3: 1965 - 1977 area Horizontal Resistance 1: 2055 - 2065 area Horizontal Resistance 2: 2077 - 2088 area Consider these...
Hey Everyone, Another solid finish to the week tracking and trading the movement up and down Goldturn to Goldlturn. This week we started with the first Bullish target at 2040, which was hit and then no cross and lock confirmed the rejection. We then saw price play into the retracement range for the cross and lock confirmation for the swing range, which also...
Hey Everyone, As you can see our levels on this chart are being respected perfectly with each of our weighted levels giving us the bounces and rejection to be able to track and trade the movement level to level. After completing 2040 we got another retest on the retracement range, which gave the bounce into 2036. We then had another re-test at the retracement...
Hey Everyone, And we did it again!!!!! After trading and tracking the movement down into the swing range and then riding it all the way back up yesterday we highlighted that we have a few candle body close above 2036 leaving 2040 gap open - This was HIT perfectly today!!! We will now see price bounce between 2040 and 2036 and look for ema5 to cross and lock...
Hello, according to my analysis of the gold market. There is a good opportunity to sell with the break of the ascending channel as shown by the analysis. We also notice the formation of a falling peak towards the bottom, which indicates further decline in the coming days. I recommend selling from the 2070 area, where the red triangle is located. Good luck everyone.
Here is my latest structure analysis for Gold. Vertical Structures Vertical Support 1: Rising trend line Horizontal Structures Horizontal Support 1: 2009 - 2014 area Horizontal Support 2: 2001 - 2006 area Horizontal Support 3: 1965 - 1977 area Horizontal Resistance 1: 2055 - 2065 area Horizontal Resistance 2: 2077 - 2088 area Consider these structures for...