Lets have a quick review on GOLD for last week.
Gold continue down to reack last low to finish a ABC wave on 4h chart.
And it rallied up on the 1st day of July. It could go back to 1828 before making a new swing down.
On wkly chart, I would prefer to see sideways price action before making a new leg down.
So from next Tuesday, you should...
In last few ideas that I posted on Tradingview, I keep saying bearish on GOLD based on all the price action we found on daily chart.
Also, we need to take Fed' rasing rate in the next half year of 2022 into consideration, that Dollars will become the most strong currency in that situation. And usually gold will go against Dollars if there is...
Having been a by stander for the last 4 weeks I think now would be a good time to possibly have a shot at shorting gold.
RSI is also above 80 on the daily chart.
After a potential double top and touch of the upward channel line this would be a good risk to reward with 5 targets set out below.
This is not a quick trade, or at least it shouldn't...
Gold will be accumulation range as shown by yellow bar. if it crosses then there will be big downfall. Red zone will be support area if it breaks this then we will see continuous sell pressure. Broad spectrum analysis will give you brief overview of GOLD trade.
Gold is not a good boy, not well behaved.
It is bearish on daily chart but on 4h chart, it looks bad by running up and down EMAS.
Check again B position that could happen round 1820-1830 later in NY session, maybe a good fake signal to sell just like yesterday.
GOOD LUCK !
LESS IS MORE!
Last week was a quiet one for Gold, with the price ranging between 1850 and 1820.
Looking at the weekly posted chart we can see that at this moment a lower high is in place at the 1875 zone and the price is pressing on 1815 support.
A break of this support could lead to further losses, but more importantly, will confirm a break of the long-term trend line.
Gold is in down trend channel. In coming session there is chances trade will moves back towards $1820 level and will be accumulation range as shown. i Red zone will be support area if it breaks this then we will see continuous sell pressure. In alternative scenario we can see gold will hit $2400 if potential support remains intact.
Hello to all dear traders
Hope you are so good.
Agree with a long term analysis?
I started the gold analysis from the monthly chart, and I think gold may have down to $ 1680 in the coming months, but to make sure I had a closer goal for gold. The candlesticks may be in place in these pricing areas, however, I think gold will sooner or later start the path I...
I truly believe we are going to see another leg down to finalise a large stop hunt on buyers.
Once breakout and demand buyers have been taken out of the market, there is a high chance that we will see the true buy move come in to sweep the equal highs.
Gold is definitely one to watch out for! Avoid touching it until we get out of this messy range on the lower...
As inflation rises all around the world everyone turns their eyes to gold - safe haven during all financial crisis's.
However if you look at the chart, Gold came too close to the stop-losses of bulls, just below the demand zone.
When you expect something to rise, you always have to ask yourself - Who will pay for the show?
That's exactly why I think that we...
Dear traders, selling Gold at 1870 was quite profitable for us. However, sometimes, looking at the
weekly chart helps us gain useful insight into the long-term trend of an asset.
Since 2019, Gold has consistently traded above the 100-week EMA. I n addition to this ,the
100-week EMA has proved to be dynamic support to Gold on multiple occasions as shown in the...
⁉️This is my analysis on XAUUSD.
Here I expect the retracement after the price took out sell side liquidity and previous weekly low liquidity. I am looking for a short if the price rejects from bearish orderblock.
Like, comment and subscribe to be in touch with my content!
This is a daily plan to sell GOLD with bearish daily signal .
Gold has been rejected triple times on daily chart by hitting the pressure line.
Price turn down to make a double top and pull back to 1857 for a daily correction.
Since then, we dont see any strong price action to help gold make a new high to break the last pressure zone .