Technical Analysis for Gold. Price is currently at the summit of what looks like a bearish channel/flag and is likely to drop from here as 1500 Along with the easing of rates last week, we may see a stronger Dollar in the coming weeks. (Please mind the chart, as I am sending this setup directly from my iPhone, I hope it’s clear. I unfortunately lost my PC but...
Looking bullish First target 35,19 Second target 37,40 Stop loss below neckline
Hey guys, We have spotted earlier a very important horizontal daily demand cluster. We discussed that probabilities would be high that the price would bounce from that. Seeking for a confirmation, we spotted a double bottom formation on 4H. A long position was opened on a retest. Then, a strong bullish movement initiated. Great winner and perfect...
The beginning of the month is marked by a very important break in the case of Gold: a break back above the 1680 zone and a break above the falling trend line started in March. On the 10th of November, a new significant break followed, the break above the neckline resistance of a double bottom which led to acceleration and a local high at 1785. As was normal after...
The yellow metal may change its course after the NFP news was issued in favor of the US dollar. Next week, the picture will become clearer for the future movement of gold. Gold was unable to breach the psychological resistance level of 1800, it touched it, but did not close above it, and for that, I expect the movement to be bearish regarding gold. Do you think...
Hi traders, GOLD watch price action with your own according strategy and look for a long position opportunity for a short term trade setup GOOD LUCK.
Hello hello! Today we have some nice Ws on many metals, the one on Platinum is already completed, so we could expect a completion on Silver and Gold as well!
Hello hello! Today we have some nice Ws on many metals, the one on Platinum is already completed, so we could expect a completion on Silver and Gold as well!
Gold is showing strong upside to come... We did the analysis of the W Formation on 21 November 2022 and it looks like our Target 1 will hit soon. While the analysis has been shaping nicely, another CUp and Handle formation has formed on a larger scale. This time the second target will be at $1,958. INvestors are feeling more confident with the precious metal...
XAUUSD performed nicely since November and the whole month ended perfectly nearing 1800 level which is the current price is trading. But a short opportunity is near ahead and upside now becomes limited and will be due for a correction. We'll continue what the actual market data will reveal next week. For now, let me share you this set...
On a today's live stream with my students, we discussed Gold. The market is currently approaching a key daily resistance. Analyzing a 4H time frame, I spotted a completed double top pattern. 1795 - 1797 is its neckline. Wait for its bearish breakout (4h candle close below), sell aggressively or on a retest then. Target will be 1786. Alternatively, if the...
#XAUUSD ( Gold / U.S Dollar ) Sell Indication Points : Double Top Impulse Correction Elliot Waves S / R + DEMAND Rejections Indicators
Gold has been on a full bullish momentum and will continue in same line today after NFP finishes its variations injection within the news time according to DANCOLNATION CAPITAL STRATEGY Bring the price to 1900 per ounce
Gold could correct lower and I'm looking to sell a potential spike on NFP data. The target for this correction is the 1765 zone with interim support at the 1785 zone.
MTP GOLD ANALYSIS NFP PREPARATION Gold Possible Movement BASED ON W1 TF Gold SSR Pattern 1799 Significant Support If the price break 1716, conf. DROP 1600 zone
So far it was a very bullish week for Gold, with the price rising 600 pips since Monday's low... However, as I explained in my yesterday's video analysis, above 1800 Gold is entering a strong resistance area. Although at this moment I'm out of any trade, I'm looking for a spike following NFP data and using it as a selling opportunity. Levels to keep in mind for...
The weekly price frame has reached the Resistance area, which is also the peak and the lowest low. But overall the price is still in a downtrend. An immediate breakout is not possible, so a consolidation at a value area is required. If you wanna BUY, from here, you'll need to see the DOW creation condition increase > Higher high, lower high and close the...