Dear Traders, Gold had rejected at 2196$ and rejected at that level showcased, price has touched pivot point, since then price has been consolidating between 2150-2172, however, we may see price dropping from our area of entry. There are two targets first one at 2130-2135 and then 2090-2080. Like and comment if you agree with our idea. Good luck and trade safe.§
A destroy under the 2023 excessive at 2146 could threaten a deeper correction withinside the multi-week uptrend closer to the 38.2% retracement of the every year rally at 2114 - search for a response Greater reaction there If achieved. The broader upside invalidation is now raised to the 61.8% retracement/2020 swing excessive at 2065/75. Break of weekly top/near...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 12 " Impulsive Waves RSI - Divergence Consolidation Phase Bearish Channel as an Corrective Pattern in Short Time Frame Break of Structure
XAU-USD has retested the Horizontal resistance level Of 2185 while trading In a rising channel so IF we see a bearish breakout From the channel then We will see a further move down !
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Bullish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line and Retracement RSI - Divergence Break of Structure Completed " 1234 " Impulsive Waves
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Rising Wedge as an Corrective Pattern in Long Time Frame and Rejection from Upper Trend Line RSI - Divergence Break of Structure Completed " 12345 " Impulsive Waves Fibonacci Level - 261.80%
XAUUSD GOLD has encountered a formidable resistance level. In the accompanying video, we meticulously assess various time frames, evaluating the potential for a bullish scenario. Our analysis delves into the intricacies of trend dynamics, market structure, and price action, offering insights for educational purposes exclusively. It is imperative to underscore that...
The non-agricultural data point 2165 mentioned in the previous article has been successfully backtested. Judging from the trend, it is currently at the peak stage of shock. As shown in the figure, short-term trading strategies are still based on high altitude! If it is relatively stable, you can wait for the rebound to near 2175 before going short. The...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 123 " Impulsive Waves Rejection from Daily Resistance Fibonacci Level - 261.8% Break of Structure RSI - Divergence
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Bullish Channel as an Corrective Pattern in Short Time Frame Break of Structure Completed " 123 " Impulsive Waves Rejection from Fibonacci Level - 161.8% RSI - Divergence
Personal corner: I read the news and saw that gold investment funds have sold contracts in the 8x and 9x areas. Experts and analysts worry that gold has had an excessive increase. need to consolidate and adjust to continue the new growth cycle. They were standing outside. So if it's me Buy. I also find it quite risky. Share news for everyone to refer...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 123 " Impulsive Waves Impulse Correction Bullish Channel as an Corrective Pattern in Short Time Frame Break of Structure RSI - Divergence
With non-farm payrolls coming, will gold continue to rise? I think gold is unlikely to rise significantly. Why? Because as can be seen from Thursday, gold did not rise sharply driven by a series of good news. I have been crossing and climbing on the high Yin and Yang line. This indicates that bears have started taking profits at this level. Looking...
The rise and fall of market prices does not mean that it is terrible. We must be mentally prepared to respond to market rises at any time. It rose again on Tuesday and the top of the uptrend also appeared. Therefore, in Tuesday's article, we listed short orders. Currently I have short positions around 2030 and 2040. As shown in the chart, the midline target is...
Gold's long-term bears are starting to show strength. Today the market changes have not happened yet. Viable areas of value are already in place. We can enter the market to take short positions and trade them. The price reference pressure is at 2130, and choosing 2130 based on the second low on the right is a very good position. We just have to plan around that....
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Almost Completed " 123 " Impulsive Waves RSI - Divergence Break of Structure Fibonacci Level - 261.8% Rising Wedge as an Corrective Pattern in Short Time Frame
Hello everyone. Gold has seen very extreme behavior recently. It has risen by $90 for three consecutive days. How does gold rise? He must fall just like this rise. This phenomenon is rare. Looking at the current trend of gold, most people are bullish. This is undoubtedly true. But beware of this being a trap laid by the main force for everyone. Because this...
XAU-USD has made a retest Of the horizontal resistance Level of 2039.83 from where We are already seeing a Bearish reaction so we will Be expecting bearish continuation !