As you can see, market can fall more from important resistances that was shown on the chart.
💥Important note: 1771.295 to 1727.495 zone in high time fram paly a key role to market structure.
If price stay above this zone it will be as a bullish sign and if price breakdown this zone, we will see strong bearish market.
💡Wait for update!
🗓️02/ 01 /2023
🔎...
Hello traders what do you think about gold from my view gold is reacting off a strong resistance zone on monthly time frame and after a break of structure it should sell
As you can see, the pound/dollar analysis is still trading in the same range after the drop that it had according to our analysis, 1.20860 to 1.22330 is a supply range and I will expect a drop from this level (with a suitable trigger)!
THIS IS THE LAST TA OF GBP/USD IN 2022 ! CHEERS 🍻
Follow me for more analysis & Feel free to ask any questions you have,...
GOLD January 2023 Volatility Analysis
Currently the volatility for GOLD is at 4.46%, down from 4.48% last month.
From the volatility current percentile we are located on 25th place, and based on this we can expect the monthly candle to make the next aprox movement:
Bullish : 4.782%
Bearish : 2.385%
With this in mind we have currently 73.2% that the market is...
Before everything 🌟🥰🌲Merry Christmas🌟🥰🌲
I wish 2023 will be the best years of your life
We can see the price how much
Retest on the trend resistance
We have most probability
To break trend resistance and keep rise to next resistance.
KEEP YOUR TRADING SIMPLE.
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Gold, which has been in the ascending channel for weeks, has risen to the upper resistance of the channel again. A voluminous breakdown of this resistance will target the $1868 resistance. With the rejection of the resistance, if the $1820 support is broken, a return to the $1800 levels may come.
XAUUSD ( Gold / U.S Dollar )
Double Top Pattern in Long Time Frame #LTF and Rejected from the Resistance Level and Breakout the S / R Level and will Complete the Retest at Fibonacci Level - 61.80% ( 1848-54 )
Elliot Waves - Completed the " 12345 " Impulsive and " AB " Corrective Wave and Making it " c " Corrective Wave
BEARISH Channel with the Breakout and Retest
Hey Everyone,
Happy new year to you all. Please see our updated Goldturn support and resistance levels and targets for our 4H chart setup.
Price was testing the resistance structure at 1822 on our 4H chart setup on market close, which is also inline with the channel half line. This is a resistance level, which is now broken with a new candle body close high...
Hey Everyone,
We have been tracking this monthly chart since OCTOBER 16TH.
As you can see this is playing out as analysed by us for our long-term plans for Gold . MA50 provided the dynamic support for the push up with more than half the targets already done and, as you can see from our projected bars, this is playing out, as analysed and planned.
There is a...
Hey traders,
Analyzing a price action on a daily time frame, I see 2 potential scenarios for Gold for next week.
Bearish Scenario
From a sellers' perspective, the price formed a rising wedge pattern.
Its support breakout (daily candle close below) will be a strong bearish signal.
I will expect a bearish movement at least to 1788 then.
Bullish Scenarios
From...
I'm waiting gold to be daily timeframe short candle will close and we go up to update max of the week then fall to sea
but now my small timframe show up that on 30minutes timframe gold can't update max and will fall but not much till tp that i mentioned and I expect gold high then fall after update maximum
Why? It is because of 2 things:
1. Smart money flow. 2021 was the year of riskier assets like stock and crypto... 2022 was the year of US dollars. 2023, with FED easing their policies, money will start flowing back into the market, starting with commodities. And the star of the show will be GOLD, a safe haven for every investor. This is not saying that crypto and...
Gold continue to raise in the last few months, I'm looking for the price to reach its resistance level which is 1867. The price keeps raise in these few days due to the drop in the dollar. Although the dollar keeps dropping in these few months but in my perspective, this situation might not take long as the market is still looking for a raise in the dollar due to...
Hey Everyone,
And we close off the year on a high, we've had quite the booming year in 2022 here at GVFX. To have an industry-leading hit rate for winning trade ideas and ROI for the accounts that we personally trade, whilst sharing that success with novice traders and followers. What a fantastic finish to the year for us.
All our chart ideas for this week...
