Gold has experienced a notable decline in recent times, prompting concerns that it may be oversold on both daily and weekly time frames. Oversold conditions suggest that an asset has experienced a significant downward movement and may be due for a rebound. In the case of gold, its price has been under pressure, leading many traders and investors to believe that a...
Gold TVC:GOLD 3 attempted tries on it’s major resistance at $2070+ but couldn’t close above it. Uptrend line support was broken during yr2022. In the midst of forming head and shoulders pattern in the past 3 years chart. Could this be the golden escaping wave? Likely to decline towards $1810 support level first and once this support is broken, we could see...
Overall im pretty bearish on GOLD from a HTF but from a short term uncertain of whether we would make a drop rather we would drive up or range for a couple of days/weeks before GOLD drops ALWAYS REMEMBER - This is just my view and should not be used in any way to make your trading decision.
Technicals: Looking at this chart reminds me greatly of Bitcoin’s top in 2021. After a 5-wave move down there was an ABC to new ATHs just overshooting wave 5, before a massive C wave. I have this as a grand supercycle wave 4 correction. It is setting up to be an expanded flat correction with a deep C wave. So my target for my C-wave is the 1.618 fib level of wave...
Hey Everyone, Please see our updated 1H chart levels and targets. We have also added a Goldturn channel (our unique channel drawing method). We have already had a nice test on the channel bottom also inline with 1957 Goldturn support for a bounce up up to 1977 Goldturn resistance. We have a candle body close above 1977 leaving a immediate gap target to 1990...
Hey Everyone, Please see our updated 4H chart levels and targets. We have also added a axis trendline (our unique trendline drawing method). 1962 has provided a nice suport bounce last Friday for a push up and test to 1982. Price closed at 1977 with a detachment below to ema5 also close to the retracement range and a likely test to 1982 again is also a likely...
Hey Everyone, Please review our daily chart idea that we have been tracking over the last few months level to level. We completed the Bullish targets and saw price come down to test the retracement range, highlighted by us on the chart over 2 weeks ago. We have highlighted a potential route map of what we expect on this timeframe on the mid to long term...
After gold insisted on short all profits in 2020 this week, we chose to continue to buy long below 1960, making good profits tonight, and this week's trading signals are all profitable. Next, I will publish more accurate trading signals and continue to lead friends to achieve greater profits!
Gold rebounded as scheduled today, but it did not break through the pressure of 1970. It is a normal rebound in the decline. It is still a bearish trend. It is still short and bearish under 1970! Everyone is paying attention to the upcoming Fed meeting. Powell's speech is hawkish. The US dollar may strengthen further and gold will fall. You can wait for the...
Gold technical analysis; the gold daily line has three consecutive negative days, and the market has not rebounded in the near future. It has been a big unilateral decline all the way. Up to now, some people think that there will be a rebound and restart the rally. This reason does not make sense in the near future Yes, if you want to go up, you have to wait until...
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.
1. The short-term gold hits the top 1980-1984 high again and the suppression will not be broken. You can temporarily consider placing short orders to see the callback repair, and stop the short order at 1986 to prevent the market from continuing to rise unilaterally. At present, the bottom of the short order should first look at the support of 1968-1970 , If it...
⭕ This is just an analysis. If you feel it helps you and this analysis is correct, you can enter the trade at your own discretion with the appropriate volume and SL.
Gold fail to break monthly resistance and broke support daily, bias on sell still strong
Here are important key levels for Gold for next week. Horizontal Key Levels Resistance 1: 1968 - 1984 area Resistance 2: 2000 - 2010 area Resistance 3: 2034 - 2048 area Resistance 4: 2064 - 2066 area Support 1: 1944 - 1956 area Support 2: 1934 - 1940 area Vertical Key Levels Vertical Resistance 1: Rising trend line Consider these structures for pullback /...
xauusd we are know in price 1977, price is below march poc, below, market is moving below as DXY get strong, we are reaching major strong key level 1930 as long setup is all depend upon supply and demand we buy low as we sell high as economic data realis price break our key zones, watch for weekly openings follow your trading plan execute trade as reach your...
Yesterday I explicitly mentioned that do not miss the opportunity to go long, we perfectly caught the buy zone below 1960, now all we need to do is wait for the market to rise again. If you didn't keep up with your friends yesterday, you can go long again today. Today's operation strategy: gold buy@1955-1960 TP: 1970-1980 Fifteen years of trading experience,...
After our continuous short positions around 2040, gold has recently come to key support, and if there is no suitable short opportunity, I plan to start going long gold. Personal trading signals: gold buy@1965-1970 tp: 1980-1990 Fifteen years of trading experience, trading signal accuracy rate is as high as 95%, I will share more trading signals to help you...