– Monday Daily candle closed Bearish respecting Daily Resistance formed on Friday 2nd February around 2055s. I’ll be looking for potential Buys above 2029.700 targeting recent 1h Resistance (2038.100) and previous Weekly Support formed last month January at (2045.500). I’ll be looking for potential Sells below 2016.100 targeting recent 4h Support (2009.100)...
On the DXY 4hr chart, I have identified a Rally-Base-Rally (RBR) and boxed that area. I then fibbed the bullish 4hr movement and saw that the RBR was roughly at the 38% retracement fib level (i.e. the level that price retraces to when it is looking to create higher lows and higher highs) which increases the confidence of this outlook idea. This then also...
Waiting for a Pullback onto the OTE Area, which also includes an FVG.
Good evening gold gang! wow we really smashed it today with a little help from the news .. gold gang members know what im talking about hah Range is messy at the moment ... DXY is rocketing up but gold is pretty much ranged out not doing a whole lot We need a break out in order to determine direction .. lets wait! Algo bounces are great if you see the...
FOREXCOM:XAUUSD has been losing ground since the opening of the session on the negative fundamental background, which has persisted since last week. The price continues trading inside the range. On the high timeframe the price is declining towards the ascending support line, most likely this area will be tested in the near future. But, as this support plays a...
GOLD - Classic bearish formation - Our team expects fall SUGGESTED TRADE: Swing Trade Sell GOLD Entry Level - 2039.7 Sl - 2050.3 Tp - 2020.2 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Hey Everyone, Fantastic start to the week!! We got the Bullish target at 2040 weighted level on market open. Ema5 failed to cross above 2040 confirming the rejection into the retracement range. Ema5 crossed and locked below the retracement range opening the swing range, which was also hit perfectly followed with the perfect swing, as highlighted on the chart...
In yesterday's post, I mentioned that the gold price increase on Monday will continue Friday's decline. Because of Powell's hawkish speech. Gold fell directly when it corrected to 2042, hit 2014, and then corrected to around 2026. Tomorrow I think gold will test the 2028-2032 range upwards and then continue to fall. So I give the following trading...
Preferred direction: SELL Comment: After a short-term successful growth, longs for gold were also fixed and now, like for the main currency pairs, we expect a fall. Here everything is a little simpler and the main idea is to update local maxima as well. The first scenario assumes an approximate reversal at the level of 2070 , and the second - at the level...
Preferred direction: SELL Comment: We also consider possible sales by pound. Here previous long-positions are completely closed. Before the NFP , we have two main scenarios, similar in nature to the movement as in the EURUSD situation before the NFP . The main idea in both cases is to update the maximum at the level of 1.28000 , and then fall towards the...
Preferred direction: SELL Comment: The long scenario worked out quite quickly, and now before the NFP , most likely you need to count on selling. The market quite sharply rushed into sales due to which it was possible to recover to local highs. For NFP , I will highlight two scenarios, the difference between the first and the second is that in the second it...
Just as I analysed the daily candle timeframe, we expected a bottom liquidity sweep down the 20's through till 2017 which has successfully taken place. Its now time for.the bulls to take over buying up the 40's Major POI are in 44, 55 and the 70's BOOST 🚀, COMMENT📑 AND FOLLOW🏷 ME FOR MORE HELPFUL ANALYSIS 👍....
Gold price (XAU/USD) extends last week's pullback from the $2,065 area, or a one-month peak and drifts lower through the first half of the European session on Monday. The downfall drags the precious metal to a one-week low, around the $2,022-2,021 area in the last hour and is sponsored by expectations that the Federal Reserve (Fed) will keep rates higher for...
In time H4, according to Elliott's analysis, after touching the target and the end of the movement cycle, it started to correct and by forming a double top in the daily and weekly resistance zone, it made lower floors and ceilings, which was a shadow of this with the failure of the candle trigger 4 hours ago. It has been triggered that Fibo 2.618 was the previous...
The market is paying attention to two points this week. The first is around international conflicts and the geopolitical situation to see whether gold has increased risk aversion. Second, as the Federal Reserve interest rate decision is approaching in March, attention will be paid to whether the Federal Reserve will cut interest rates as expected. There is no...
Many analysis came out last year that Gold will shoot up to 2200 since its last pump to 2150 area. But was it hyped for a reason? Or is it really the so-called demand-season? For me, Gold will forever be looking for a way up due to the following reasons: - Gold is always a good investment option: physical gold (i.e. gold bars, rings, luxury items) or traded...
Well, as you can see the market structure is still bullish. Now there are two modes that I will explain. The first one, there is a strong demand zone that can hold the price and push it up. This demand zone is located at the 0.705 Fibonacci level which makes it more reliable. The second scenario is the price continues the retracement to the extreme bullish...
gold price is sideway near $2000 it goes up and down but still sideway this range price action has made triangle correction chart pattern upper and lower yellow line are big dynamic support and resistance