As per previous forecast, gold are rallying up to making wave 1 in Daily Chart. First target top of wave 1 is at 1797. From the movement, can see clearly that wave 3 in sub wave M30 chart are making wave 3 and if not extended it will be stop somewhere 1784. since wave 2 are sharp, we might see wave 4 in ranging bfr continue to wave 5. Please take note that...
Just a quick heads - up... If you love trading gold, I urge you to pay attention this pattern (Bullish falling wedge) all the time. Especially when there is a divergence forming with it. The pattern is much clearer on the H1. I will be looking for long positions. *Disclaimer* This is not financial advice. Forex trading is a risky business. Trade at your own...
we are watching gold at support now we will be wiating for bullish divergence near support to go back to resistence.
#XAUUSD The MArket has been selling quickly. Soon to hit a Strong support level. From which I am expecting gold to buy.
#XAUUSD-Long H4 Timeframe analysis. Gold has touched the same heigh recently. And seems to move in ascending triangle. As it falls from a high point it pulled back from a strong level which was acting support for the market in the H1 timeframe. So technically gold is again going to show buy move.
Previously at 1834.461 there was a massive sell which did not reverse into a buy until 1750.904. Looking for price to repeat the move within the same area. Enter when price is best for you.
In this scencario we couldnt forget H&S pattern reason for bearish movement. The previous chart is attached also.
Its a totally technical view of Gold spot. Here we can see a clear bullish flag to reverse market from the current support since17 june.
there is avearish view according to the suppport and resistece and trendline. So we will be short in gold from the resistence.
Bullish Channel trapped inside Bearish Channel and price respected strong rejection and TL at 1815. Watch 1815 zone on 4H TF. For Bullish Momentum it must break above 1815 zone by tomorrow. We'll then enter LONG once Retest is done else we will be having major breakdown. (Check my previous analysis for bigger picture).
Gold has been recovered past few days quite well. From the monthly chart, We can see Bullis Head and Shoulders pattern forming. The weekly Chart also has the same pattern. On the daily chart, we have seen a nice move to the upside. After this impulse to the upside, we want to see a correction to at least the 1785-1790 region before continuing the upside. So,...
Okay so, past 2 weeks gold gave a big drop of 100 USD which was expected as it is completing its bullish heads and shoulders in one month's chart which means a big bullish move is loading. Markets have been trading in a range for some time now. So, how can we approach entries??? We still have a bullish bias on gold as it's retesting a strong 61.8 Fibonacci level...
#XAUUSD The market was moving in the bullish channel and went for breakdown for short impulses and now making the correction. So it is again preparing for another short impuls.
It will continue to move in an upward direction until it reaches the resistance area Then the downward trend continues first target 1744 second target 1700
Due to recent Federal Bank decision, I believe that this downtrend will continue in following days however we can expect several pullbacks to support and resistance. At the moment all fluctuations are fundamentally rather than technical or price action moment. Please like and follow
Hello traders! My previous idea to sell Gold@1900-1910 was a huge winning trade as Gold dropped to 1854. I hope you made money from that idea. (Previous idea attached below for your reference) Currently, Gold is near the 100 period moving average in the hourly chart. Price seems to have found some resistance near the 1895 level. So, if this level is...