here is a more precise and current view on a shorter time frame for deciding whether to take long or short from here. watch out for bearish candles at this area. It it wants go any higher it will penetrate trough and then retest this area for long entries.
(2 ideas on chart) Today BOE. If they will mantain the rates we will go up. Targets on chart StopLoss for Longs, must be at sell zone Stoploss for shorts, must be at buy zone. Be carefull, patient and discipline. This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own...
As per our analysis yesterday and the identified Goldturn level broken with EMA5, you can clearly see price hitting our target or as good as. We also used last nights close, which created another Godlturn that was broken this morning further confirming this movement. We wait for for the EMA5 to cross the Goldturn level and then a candle body close for further...
The pair is currently bearish and hopefully, it will go down to get some profits
search for triggers in buy zone , don't place orders! NFA
CONGRATULATIONS GUYS ..After a long patience, I decided to close my trade at this levels ..if you still in the market i recommend you to close you trade and wait another trade
Laid out my trading plan for the Pre NY/NY OPEN Session. Stated both bias for buys and sells. Higher probability of it going higher as the Daily candle has closed bullish above the range but also since it was a strong rejection area previously, it can also reject the area once again and continue bearish. Let's see. Be patient. Wait for the candles to print....
GOLD on the 4h chart is moving inside a retracement channel. The market is trading near to a weekly structure and is looking for a clear direction. If the market will break below we can see the price pushing to the 1700 level while if the price will hold the support and provide us a sign of inversion we will check for a nice long order. --–– Follow the Shrimp...
There's great potential here on gold for a long trade. Let's see how price delivers
Mostly peoples compare Gold with Crypto and they forget Gold is not speculation like Crypto mania , Gold is tested and proved from long history. When a lot chaos and uncertainty in Stock business I think Gold still a worthy and wise investment. Buyers will take interest to buy Gold again from this level and if long play we can see 2200 to 2500 price range in...
According to technical analysis and my personal understanding, Gold is currently in sideway trend, but in bigger picture, it still in bullish trend. If the price break price in SND Zone (1817.97-1814.32), it will continue to go to next SND Zone which is around (1854.22-1857.70). But as per history of gold, it will take the lowest support as possible before it can...
H&S pattern formed on the 1hr time frame. Possible step down. Waiting for price to break and retest.
Gold will rise due to inflation but Crypto liquidity hurt it's momentum
I expect the price will fall but not sure. XAUUSD/Gold Is Leading Soon.
Gold is close to strong resistance area (dynamic and static): 1875 I think she will consolidate to her mid-line 1770 soon
A fall perspective to the as the market hits the 78.6% retracement level correlating with the same move as the EURUSD.
Gold spot loosens its shine! An elevated NFP stats moves the instrument lower and starts accumulating net positions lower to the downside. Historically it performs well either bullish or bearish but an area of consolidation is taking place with an accumulation of liquidity at play until it breaks either way. My bias is still bearish before a return to bullish...