In this article, we will discuss Multiple Time Frame Analysis.
I will teach you how to apply different time frames and will share with you some useful tips.
Firstly, let's briefly define the classification of time frames that we will discuss:
There are 3 main categories of time frames:
1️⃣Higher time frames
2️⃣Trading time frames
Well, as you can see, the price reached the level of $1764 again and from there it faced selling pressure, and it is currently trading in the range of $1746. According to the previous analysis, I still expect a further drop, the targets are: $1740 $1728, $1722, $1713, $1702, $1682, $1667 and $1653!
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Hello traders ,what do you think about GOLD ? Gold is fluctuating in this range, we expect it to go down to at least the specified range after an upward correction
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GOLD from the opening of the session seeks to update the local highs. The price is in an ascending price channel and previously the support zone was tested.
Gold does not roll back to the support zone on the retest, since the opening of the session the price is strengthening and at the time of writing the price is already 1758.69
I assume that gold is headed for...
🥇Gold all as planned.
🥇An update of my scenario on gold.
🥇That's how I last wrote about the upcoming correction in previous posts. Link below:
🥇As you can see the declines have arrived and it's time to zoom in again on the nearest support and resistance zones which I think will play a key role in the coming days.
🥇Starting from the support zone determined by...
Something weird is bubbling in the energy space.
Before we delve in, let us briefly explain what the S&P Energy Select Sector Index represents. Some of you might already be familiar with XLE, the ETF which tracks the S&P Energy Select Sector Index (IXE). This Index seeks to represent the Energy sector by aggregating a basket of names in the sector.
The price perfectly fulfills my last idea. The market tested the support level and price bounced off the level and it is heading towards resistance. The market created the double bottom at support meaning that bulls are stronger and range zone. I expect price to retest the main resistance. My goal is the nearest resistance 1770.
Traders, if you liked this...
In our previous update on West Texas Intermediate crude oil, we updated our price target from long-term to medium-term. Additionally, we stated that this price target could soon become short-term, depending on oil market developments. Today, finally, USOIL hit a new yearly low at 73.62$, further confirming our bearish thesis. Accordingly, we continue to maintain...
The beginning of the month is marked by a very important break in the case of Gold: a break back above the 1680 zone and a break above the falling trend line started in March. On the 10th of November, a new significant break followed, the break above the neckline resistance of a double bottom which led to acceleration and a local high at 1785.
As was normal after...
Gold broke out of the small pullback (range).
The market is trading in an ascending channel.
Price action is creating an equal measured move.
If price action tests the recent support level, we can look for potential buy trade.
Share your opinion in the comments and support the idea with like. Thanks for your support!
And we did it again!!!!
Both Bullish TARGETS 1754 and 1758 HIT and both Bearish targets also HIT. The buys were confirmed with our VIP signal, which we trailed perfectly to 1760. As per our chart we stated that we would need to see EMA5 cross and lock above 1758 to confirm the upper levels or failure will confirm exhaustion of momentum. We...
Let's look at the hourly timeframe and the local situation
1) Gold tends to the local resistance.
2) From low to resistance, gold may use up all of its energy (not enough energy to break through resistance)
3) Resistance range falls on a zone of increased volume (heavy zone)
4) A break-down of the resistance zone of 1763-1766 may provoke a strong momentum towards...
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End of day update from us here at KOG:
We had an early indication in Camelot last night that there would be an attempt at the low so we plotted the levels and identified a key level for a bounce which gave traders an opportunity to target that 1760-65 level where we suggested in the KOG report there will be a reaction in price. As you can see price rejected near...
Hello! Let's take a look at the daily gold on November 28.
1) We see a continuation of the rise
2) Gold has been rising since Monday to 1765
3) Price is still in 1765-1729 range.
4) A strong rise to 1765 may not allow a breakout of the level (not enough energy). The priority is a bounce back down.
5) Global trend tends to be bullish
6) We see a market rebuild