Multiple time frame analysis on Gold. Price action, key levels. Your trading plan explained. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Gold - Intraday - We look to Sell at 1774.0 (stop at 1784.0) Posted Mixed Daily results for the last 6 days. RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending. Expect trading to remain mixed and volatile. Bespoke resistance is located at 1774.0. A move to 1774.0 will form a daily...
I need to admit that my previous analysis was wrong. Here is why... Taking time factor into account, I would say that we are still in the "blue B". It could be the correction of abc x abc for the gold price as shown in the graph instead of abc and then directly begins with big blue C. The question is what is the safe price for opening short position? Personally, I...
I think GOLD needs have more rest and it hadn't pullback on previous important channel so the price can continue falling. on the other hand, it can break up to have new top if DXY come back down.
Gold remains bullish and Powell's speech from tonight could lead to a test of 1785. Watch the video for my 2 trading scenarios for today
Hi traders, GOLD watch price to come around our mentioned pattern completion area and look price action with your own according strategy on the top for a short position opportunity GOOD LUCK.
Long-term gold analysis: As mentioned in the previous gold analysis, gold has a downward trend in the short term. This picture is gold in the long-term time frame. In this timeframe, signs of correction were visible on the chart. Maybe everyone will notice and, after a few months, confidently declare the end of Gold's Bull Run on all timeframes. But I am saying...
GOLD is on a sell zone if it rejects the zone I made otherwise we will see it going to 1766. It is for short term I trade on FUNDED ACCOUNT you can also trade
Our preferable scenario remains the same: a price drop in wave 5 could lead to the following targets: $1722, $1690 and eventually new lows below $1600. The downside scenario will be canceled if the price rises above $1780
GOLD made a false break at the support level and trendline. Price pulled back after making a higher high and higher close. The market is in consolidation, and price is likely to move higher and test resistance since the trend is bullish . ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!
By re-examining the gold chart in the 12-hour time frame, we can see that the price managed to hit the target of $1740 and after reaching this important target, it faced renewed demand pressure and was able to grow to $1759, now the price is trading It is in the range of $1755 and We have to see which trend the price will follow with the start of the New York...
gold h4 prediction gold next move possible to sell 1716
🔆 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...
The wave 2 of gold price retraced more than I expected which is at 0.786 fibonacci level of wave 1 in blue B --> blue C. However, I still stick to the same plan I told you guys, opening my short positions at 0.618 fibonacci level of wave 1 in blue B --> blue C. My stop loss is around 1759.XX and my target is still the same around 1722 which gives us approximately...
Price continues to hold in its new breakout, but buyers have been having a hard time so far taking that next step in forming a new continuation. The two levels we are watching today are 1737.40 support and 1756 resistance. Both of these levels are short-term, and we still think the real test for buyers is up at 1780.50. Price, for now, continues to consolidate...
#XAUUSD Gold Completed the Retracement at Fibonacci Level - 78.60% at the LTL of Rising Wedge Correction " ABC " Formed at the Same Level 1759 after IMPULSIVE WAVES " 12345 " DXY Strong ( Short SELL , Long BUY ) Divergence