According to today's news, it is better to wait or wait for the desired confirmations Look for confirmation to bid in the lower ranges If support fails, the short-term trend will change!
Gold has a much more calm market compared to other assets I track and trade. Here would be where I would start opening short positions. We've seen a double top on the 1-day chart, also breaking out and back into our Keltner Channel, a sign of a reversal. If we break support of the 200-day EMA, which I believe we will, we'll retest our $1,720 area for...
GOLD Weekly Volatility Analysis 12-16 Dec 2022 We can see that currently the implied volatility for this week is around 2.14%, down from 2.18% from last week according to DVOL data With this in mind, currently from ATR point of view we are located in the 2nd percentile, while according to GVZ, we are on 4th percentile. Based on this, we can expect that the...
Multiple time frame analysis on Gold. Price action & key levels. Directional bias & thoughts. ❤️Please, support this video with like and comment!❤️
Following BULLISH CHANNEL as a Corrective Pattern in Long Time Frame #LTF and Breakout the Lower Trend Line #LTL and Making its Retracement Impulse Correction Impulse Break of Structure Divergence Fibonacci Levels
monthly; as we can see price got rejected from the main weekly s/d zone only indicating that there is a huge supply driving prices lower but the overall trend is bullish, price broke the previous structure while making a three-leg extension and a crossover of SMA's, my hypothesis is for the price to pullback then continue bullish, currently we can see that price...
QML is Playing in Gold. A QML is a reversal pattern that is created after a significant move in the market. Price will retrace back to fill the liquidity void. our main focus is a QML(Quasimodo Pattern) with FTR and Liquidity void for high-probability trading.
🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1 ✨Eagle eye: most significant time frame yearly base on yearly gold is in a bull trend but currently in a corrective phase 2 📆Monthly: higher low /lower low formatted bear trend current candle is a retracement candle and also filled out discounted area of monthly time frame 3 📅Weekly: extremely bearish in weekly...
Very likely we may see gold give us some sell movements before we see any more buys coming in
There is a hidden cycle that rules the life of gold. The next 10 years will be short for gold
Rising Wedge Pattern in Long Time Frame #LTF and Rejecting from the Upper Trend Line #UTL In Short Term we have Bullish Channel as a Corrective Pattern need to Wait for the Breakout of LTL Strong Rejections from the Resistance Level " 1806 " and Fibonacci Level - 78.60%
Our preferred scenario in GOLD remains the same. An upward wave V could take gold prices to $1820. A price drop below $1765 jeopardizes the upside scenario.
Hey Everyone, Please see our updated 1H chart Goldturn support and resistance levels and targets. Although the chart structure is Bullish, and we are expecting another challenge to 1806 Goldturn, we must keep in mind this is a resistance structure and failure here may start with some retracement into the areas below. Our plans to continue to buy dips are still...
Hey Everyone, Please see our updated 4H chart Goldturns support and resistance levels and targets. The chart structure is looking very much Bullish with all MAs lined up for another push up. However, we will continue to trade this level to level confirmed with EMA5 cross and lock. 1801 and 1815 are an open TARGET left from last week. We will need to see EMA5...
Hey Everyone, This is our daily chart update which we have been tracking for a while. We have had another candle body close above 1790 last Friday once again opening the longer range gap to 1856. However, we would like to see EMA5 cross and lock above 1790 to strengthen and confirm this target. We can see EMA5 has now approached this level and very close to...
Hey Everyone, This is the weekly chart we have been tracking and following for our long-term targets. Another weekly candle body close above 1787. We did see some retracement down last week. However, as you can see, this retracement was due to the detachment to EMA5. Soon as price attached to the EMA5, we saw price continue to push back up and break 1787. We...
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.
Hey traders, This week was very bullish for gold and the price managed to return to a key weekly resistance cluster from where it retraced earlier. Next week, I will look for a pullback trade. I spotted a rising parallel channel on 1H time frame and my trigger to short will be its bearish breakout - 1H candle close below its support. A bearish continuation...