Short silver in the short/mid term, buy long term. With so many impulses on all timeframes my analysis led me to identify Wyckoff Phases across these time periods and in confluence with each other. For ease I will only be looking at the monthly and weekly timeframes. The Wyckoffian Logic would suggest an accumulation (eventual price increase) or distribution...
The strategy I gave yesterday for gold was to go short on rallies. Yesterday's gold price trend also confirmed my view. Although gold returned orders in the evening, gold orders fell multiple times in 2027 yesterday. So I think the resistance of gold is below 2028, and I recommend still selling gold. The target is looking towards 2010-2005. So my initial...
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 2039, which is an overlap resistance. Our take profit will be at 2020, a support level. The stop loss will be placed at 2052, above 127.2% FIbo extension High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable...
Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 2021.18, which is an overlap resistance. Our take profit will be at 2008, an overlap support level. The stop loss will be placed at 2031, which is a pullback resistance level." High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of...
– Monday Daily candle closed weak Bearish within 2020 level as price ranged within 4h timeframe. I’ll be looking for potential Buys above 2026.500 targeting 1h Resistance (2033.000) and 4h Strong Resistance (2037.600) same Buys ideas we’ve had on the previous Analysis. I’ll be looking for potential Sells below 2017.700 targeting 1h Support (2012.700) and retesting...
XAUUSD on 4h time frame we have FVG zone i think FVG will taken and price drop best zone to sell 2050 and best zone to buy 2012
good evening gold gang, wow what an amazing analysis catching big moves today on gold. Pin point perfection. Gold gang eating good We need to avoid the range highlighted in the box .. its rough. Leave it until it breaks out! Im still favouring bearish action currently so id like to see closures down below the 2012 .. im gonna wait till we get down there before...
Gold is about to cross from a neutral technical 1D outlook (RSI = 45.543, MACD = -1.200, ADX = 26.629) to a bearish one as it got rejected on the 1D MA50, under which it will close for the third straight 1D candle. The 1D RSI suggests that this is a very slow medium term decline, as is evident by the 6 week Channel Down, that in the near term it will find a...
⭕️By examining the trend in the one-hour time frame, silver has an important key resistance in the range of 65.20-65.07.❌ 🎯In general, this scenario is strengthened that the shortfall, provided that the mentioned resistance is maintained, will decrease to the support of the intermediate level in the range of 127.2% Fibo at $64.51, in the meantime, the support of...
Hey Everyone, We hit the ground running with our first open target at 2027 HIT. Ema5 then failed to cross and lock above the 2027 weighted level confirming the rejection into the retracement range, also hitting both bearish targets at 2020 and 2016. EMA5 crossed and locked below 2020 opening the swing range. We got the push down into the swing range but didn't...
Markets have been EXTREMELY, EXTREMELY SLOW the past few months. Especially Gold which has been stuck in a consolidation. We have CPI data tomorrow, so hoping it provides some sort of real momentum & breakout🤙🏽
Good evening gold gang!! its that time again where we prepare to dismantle the gold chart once again Price is overall messy .. very messy ... its playing around the daily level of 2016.23 with mutliple tests .. in my opinion we can break this and shift bearish for the bias. we would need a 4h closure below it to confirm. Buys are difficult in the range other...
As you can see, USDJPY on the 15-minute chart grabbed the liquidity below the previous day's low and broke the high. Now we can expect the price to hit the demand zone first and continue upward movie. As the target we can define the all the low resistance highs. 💡Wait for the update! 🗓️12/02/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
In daily timeframe, if Gold loses the lower side of the triangle, it will fall to the bottom of the channel, that is around $1930 .
Price action analysis for Gold. Candlestick analysis, key levels. Potential scenarios. Trading recommendations. ❤️Please, support this video with like and comment!❤️
Hey Traders, Check this analysis out on XAUUSD. The pair had been ranging for quite some time. Provided that the price breaks and remains below the support, I will look for a nice short trade. Keep a close tab on this one.
After a week of a downtrend, gold now is on the verge of breaking another support near the 2020 price area, there is a lot of opportunity for the short traders to make a massive profit from the bearish trend. However, these are one of the following criteria that short traders need to wait for before making a decision : 1. Gold needs to break below the 2020 price...