Technical Side of the Idea : The weekly chart highlights the significant corrective phase that gold has been in since peaking in August of last year, with price grinding just over 19% lower to test the 0.61 for the first time since May of 2019. This downhill slog however, still doesn’t seem to be a change in the overall bullish trend seen over the last three...
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of...
GOLD long time fame create bearish butterfly pattern. So,now its seems to sell correction 1765.300 support zone then buy up. Hello Traders, 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 strategies will be satisfied. I suggest you keep this pair...
Gold has broken the 1757 resistance level, which I was writing about consistently in the previous week. Currently, there's no significant resistance except the 100 day MA level at 1780 which might not be a strong hurdle for the bulls. That being said, a moderate correction and a retest of the 1757 level can still take place this week. If a retest happens and...
How much bullish momentum is left in tank for buyers to push price abit higher above 1800 is the question am asking myself massive bullish pressure was exerted on the bounce of price around 1680 last week forcing most sellers to be closed out of their positions just above the previous lower high at around 1750 am expecting a bounce in price at current price 1745...
As stated in last weeks forecast. Gold has been making lower lows and lower highs. Will this keep trending down? The probability of the monthly and Daily imb above @ $1770 - $1815 getting filled is highly likely. I will look for short term continuation long trades to this area. This was a petty corrective week on the HT's. I will wait to see how PA react to those...
Gold is looking very Nice!! POR POI area has been hit for me. Gold has been making lower lows and lower highs. The probability the monthly and Daily imb above @ $1770 - $1815 getting filled is highly likely. I will look for short term trade to this area. Remember this is the daily chart . This will happen over the next couple days or weeks. I think PA we could see...
A bias on GOLDSPOT, as we can see a morning star pattern just formed at the bottom of a downtrend right at a level of support $1775 on the daily time frame and the moving average currently acting as a support on the 4HR time frame as price pushes away from 1770's. This is a high probability set up, with $1818 as the first target point and then $1860.
Long retest of horizontal support. EQ high awaiting.
Gold is currently consolidating the gains and in the process, the price has pulled back a bit. I don't think this is a reversal. As per my analysis, this could be a small correction due to profit-taking. So, 1980 and 2005 could be the levels from where Gold will resume the uptrend again. I would be looking to buy the dips and target the 2100 level as my TP. I...
If the markets are cyclical in nature, then this simple projection could be interesting. Just noticed the touchpoint right now right on the line. www.rt.com etc.
Hello traders!!! 2 days ago we entered Gold at 1714 now we are currently at 1740. This setup together with the oil one have become the most accurate's ones so far! Already we're in deep +300 pips in profit!!! Share my next setups with your friends and let them profit too don't be egoist ;). Nowadays +300 pips so far on this trade I recomend moving the SL till 1735...
If we can hold the red zone highlighted and trade above it we may be coming to 1760-1800 now on GOLD. Most certainly we need to hold above 1700 to remain in a uptrend here.