here is a roadmap for gold based on fibo fibo 50 area goes into the sma 100 area which is a strong resistance area and will continue the downtrend if the price breaks the 0.618 area and closes above that area, cut loss and look for a setup to buy trade at your own risk
Here is a shorter timeframe view on GOLD. A few days ago I posted an analysis on GOLD but on bigger timeframe to let you see the overall market of the market from my point of view. I believe the market ended it's correction at 1764 to begin a Wave 1 which have been a leading diagonal. From the 1959 high, the market began a corrective ZIGZAG pattern with a FLAT as...
Hello traders. Gold has been spiked down and up very quickly in 1 day. we see a respected support area as pointed on the chart. we have 2 touches already and also a Descending triangle has been formed. We are waiting how the price reacts on the support area and will look for a buy or a sell , depends on if the area is going to be respected or not.
Gold has seen a rather strong selling pressure in recent weeks mainly due to the USD's strength and the continuous rise of the bond market, especially at the beginning of this year. Today's sharp drop after the Initial Jobless Claims put on a stronger risk-on sentiment on the stock markets, only made the short-term picture worse making Gold buyers panic....
Buy the lows, Sell the Highs :) TP 1860 SL 1840
I am new to the trading this is just my idea. I just think that the gold should be a bearish trend before or after 21 -01-21.
Welcome Back. Please support this idea with LIKE if you find it useful. *** The resistance has just turned to support, so it will continue to the upside according to the scenario that you set ***
If it fails to breaking up 1955 level. We may see it on 1810 on Next week.
TVC:GOLD - this is plan is similar from before but there is double bottom confirmation from the chart and we wait for the gold retrace to 0.618 like my plan before and prepare to entry in there area. and i have 2 target that is first target and final target, my first target is 1902 and my final is 1.618 or 1915. and the stochastic indicator already hit the...
Welcome Back. Please support this idea with LIKE if you find it useful. *** In the event that it tested the resistance and the previous exo will move to the downside to the aforementioned support area. *** Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the...
Reverse headnshoulder and shit
Silly but simple proof that the Fibonacci Retracement is Reliable.
Looking like a positive trend on the way up again
Slowly fall down after a tremendously upward trend to 1875..Target to 1850
Firstly, please support our work by clicking like button & or following! These really assist us to reach more investors & traders like you! Gold breaks out of a pennant and climbs higher, however the RSI is now in the overbought region indicating that a retracement is on its way.
Firstly, please support our work by clicking like button or following! These really assist us to reach more investors & traders like you! Gold spot has reached a long-term milestone as prices have reached levels that were last attained in August of 2011.