The move from March 2020 to August 2020
Was a measured move that played out to the Tee.
We have a similar structure building that projects to the High 30's
Suggesting #Gold move beyond ATH's and #Silver the beta play to move faster in an attempt to catch up, and move towards it's high's again.
The gold price is showing quiet negative trading, gradually moving away from the 1963 level, reinforcing expectations of the continuation of the downward trend during the coming sessions, with its next target at 1943, stimulated by the negativity of the Stochastic indicator, which is clearly visible now, with a reminder that the continuation of the downward wave...
The price of gold has been fluctuating sideways in the past sessions, stable around the moving average of 50, noting that the stochastic indicator is losing its positive momentum noticeably, waiting to stimulate the price to resume the expected negative trading in the immediate term, which aims to test the 1964 level initially.
Therefore, the downward trend...
if it falls above 1983 in this direction will rise to 1996 then 2010 then 2022
but if it is below 1983 the direction will go down 1964 , 1947 then 1933
Pivot Price: 1983
Resistance prices: 1996 & 2010 & 2022
Support prices: 1964 & 1947 & 1933
Hello traders, The price of gold fluctuates near the support of the ascending channel. It receives continuous positive support from the moving average of 50, which supports the chances of continuing the rise within this channel and heading towards achieving our positive goals that started in 1996 and extended to 2010.
In general, we will continue to favor the...
Hello traders, The recent gold price trades are confined within a descending secondary channel, which we believe constitutes a bullish continuation flag pattern, as shown in the chart,The price of gold continues to fluctuate around the 1963 level, and faces some negative pressure to move below it now, which requires attention in the upcoming trading, as...
Hello traders,The price of gold continues to fluctuate around the 1963 level, and faces some negative pressure to move below it now, which requires attention in the upcoming trading, as consolidation below this level will stop the positive scenario and place the price under negative pressure, mainly targeting the 1951 areas.
We point out that the price needs...
Hello everyone, The price of gold rose strongly yesterday to succeed in achieving our expected target of 1985. We notice that the price begins today with more positivity to try to penetrate this level, which leads the price to achieve more expected gains during the coming sessions, paving the way for heading towards the levels of 1991 and then 2009 as...
hello everyone, The gold price is facing noticeable negative pressure to attack the 1913.15 level, which requires attention in the upcoming trading, as continuing the decline and confirming the break of this level will stop the positive scenario suggested in the morning and put the price under negative pressure during the coming sessions, while the price needs to...
In these unpredictable times, it is crucial to strategize and safeguard our investments against market volatility. While some may shy away from uncertainty, smart traders like yourself recognize the immense opportunities that lie within. By focusing on defensive market sectors, we can position ourselves for success, even in the face of adversity.
So, what are...
GOLD for the next week will trade at the bearish zone
reminding you that, consolidation under 1873 is important to achieve the suggested targets as breaching it will push the price to build a bearish wave to reach 1860 , 1850 , and 1838
As for renewing bullish attempts, consolidation above 1873 will support the price to rise up again and recover its positive...
GOLD
reminding you that, consolidation under 1893 is important to achieve the suggested targets as breaching it will push the price to build a bearish wave to reach 1885 , 1880 , and 1875
As for renewing bullish attempts, consolidation above 1893 will support the price to rise up again and recover its positive momentum to retest again to 1903 , 1911 , and 1923...
Hi
we have 2 key point
first >>>> inflation and intrest rate : if inflation cant hit 2 % we can say silver drop to 17 looklike another commodity
2nd >>> recession >>> Consequences of excessive interest rate increases >>> This MOD can pump Gold but Silver dont have safe haven character >>> if this point true XAUXAG can pump
ANYWAY SILVER CAN HIT 50$ to 10$
be careful
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This is follow-up to the idea I posted 3 months ago when I called falling wedge breakout to the upside.
XAGUSD is doing really well since and now is heading into strong resistance cluster created by zone 24.15-24.40 and by...
🥇XAUXAG🥈 heading to strong resistance level. It's confluence of trendlines and 50% fib retracement of the initial impulse breaking the major uptrendline. I expect backtest of it and possible reversal which would be bullish for both metals.
Check my other stuff in related ideas.
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⚠️Disclaimer: I'm not financial...
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XAGUSD backtested twice the previously broken violet downtrendline (zoom out) and it held as support. Price recently bounced up and now breaking the falling wedge. If the break is successful then we could see price rising to...
Two weeks after our last update, we still remain bearish on gold in the short term and expect it to hit 1 600 USD. Our view is based on a combination of fundamental factors like high-interest rates, strong U.S. dollar, and more economic tightening in the foreseeable future. Despite that, we remain bullish on gold in the long term and believe it will provide a...
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GOLD made new all-time high back in 2020 and then pulled back to 1676 which set the trading range for next year and a half. During that period there was a break of violet downtrendline which was subsequently...
