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...
Thanks. Let's see more opportunities... CURRENCYCOM:GOLD
The price movement is pretty high today, and both support and resistances holds for now. My analyze is telling it is good to watch until one of supports or resistances break. supports: 1855.69 1818.10 17.68.00 resistances: 1907.65 1964.42 Best strategy: With news of agreement on stimulus, the price will be bullish and best place to enter the market is long in...
But I see a lot of overhead resistance. Bearish momentum even if there is a bounce up to the resistance of the descending channel.
Good Morning Traders! We're currently scouting gold this morning at the open of NY session and with this trade are assuming the probability that price is testing major liquidity and actually wants to drop a bit on the weekly TF possibly back down to 1700s, if so this is just another lower high entry, enjoy! :)
Gold is rising in the Upward channel. The golden cross indicates the bullish signal , however we see the high overboughts at the ROC and RSI that suggest that the price can fall. Thus , we shall expect either instant rise or the bounce from the local support , as the golden cross has not been very accurate sign for the Gold! If you like the idea PLEASE don't...
In early August, we sold the gold and closed over $100 - 1000 pips in one trade. - Many people did not get involved in sales! Last week we sent 2 analyzes for a decline to $1920 - Many people did not get in! Now we expect a new decline and breakthrough of $1920. - Many people will not get involved in sales. The main reason for missing most of the movements...
This is an update on the daily time frame for gold. Things have changed. I see some sort of continuation pattern developing creating probability for the upside. Note carefully my disclaimer below. For every probability estimate in one direction there is always a residual probability for the opposite direction (- this is why we have stop-losses which must...
Price will react same like this as i mentioned in chart. 1733 will likely to test then retest of 1722. 1738 retest again 1728. final 1734 before dump to 1700 level and so on its consolidating right now and getting in narrow range which clearly shows a drop is planned but not so smooth it will take time please like follow and comment
There is possibility XAUUSD market goes Down because making a HEAD & SHOULDER pattern market goes down upto 1650.00 Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: Trade at your own risk. Good Luck...!! Regards
Hello, Traders Investors And Community, welcome to this update-analysis about the current situation facing GOLD, last weeks and months GOLD was trading in a solid uptrend with high volatility within it but it held to the point at which it is trading at the moment. In my observation I discovered important signs which increasing the possibility for a reversal to the...