Following a break of a significant support level on the daily chart, Gold tested a nearby support level. The price was consistently rising within a bearish flag pattern on the 4-hour chart. The test of previous horizontal structure prompted a strong bearish response, causing the price to breach the flag's support level. This indicates strong selling pressure...
Traders, Here's a breakdown of the current situation: Daily Chart: Despite a bullish channel, recent candles show signs of weakness, warranting caution. 4-Hour Chart: The trendline has been breached, and a reversal to this broken level is underway, indicating a potential shift in momentum. Intraday: A pivotal point coincides with previous significant zones,...
Technical analysis of gold The daily level is the repair of the market after the fall, but the repair interval is relatively large, the daily line shows the repair interval is 2291-2352, alone in this amplitude is already a wave of structural amplitude, gold last week's weekly line closed negative, in the long-term trend has suppressed the power of bulls, but this...
The price is currently at daily support, looking at the market structure, we can see the breakout and retest continuation on H4. I'm going long & targeting the liquidity area above the wick. Trade safe!
Purple Box: Bearish (21.6 - 22.1p/o) Blue Box: Bullish 1.(25 - 25.6) 2.(28 - 28.7p/o) Bullish Scenario Silver's a very under priced metal, I'm thinking because countries are stock piling more gold they should also be doing the same with silver... Prise is finding or has found support above 22p/o and so a push upwards towards 25 is highly probable... ...
Recently, the market has been discussing the impact of the geopolitical situation and US economic data. In terms of the geopolitical situation, Israel continued its air strikes on the Gaza Strip on Monday, causing many injuries. However, at the same time, the two sides have begun to enter the negotiation stage. Hamas leaders arrived in Cairo to hold a new round...
Silver slide is approaching our first tp we lock profit n hold until target to maximize our profits all the best 👍
Hello friends In the price of gold, we see the formation of a 5-wave bearish pattern. This pattern usually appears in zigzag form and their waveform is 5-3-5. Currently forming wave A, which is 5 waves. Wave B corrects wave A in the form of 3 border waves and usually 61.8. C wave is also (like A wave) 5 waves and is about 100 or 161.8% of A wave. Therefore, we...
Gold is ready to drop lower and test the 2300 level, I expect price to rise alittle hihger to the order block on 2340, this will give me a sell entry, stops are above the 2347 level. Use proper risk management.
The chart above explains. Price has now reached a critical area. What had happened so far is within ANTICIPATION. Price is just moving up aggressively - driven by none other than the MARKET MAKER for just one reason. It is not because they love XAU or whatever shit we may have heard from the MSM. Their reason is simple - Liquidity Grab. They are after all the...
XAUUSD Forecast: Two Predictions In Play 1. THE CRASH. Strategy: Daily candle managed to close with a bearish candle.. if you take a look at H4… it has created a selling structure. Action: H1 has also created a selling breakout, we will sell within the continuation zone until a proper buying structure is created 2. EXTENSIVE FLIGHT! Strategy: Price...
Liquidity has been swept below the 2320 level; a pullback is anticipated. Confirmation of price action on lower timeframes is awaited.
The 2315 demand zone appears robust. Anticipate a price rebound from this level to the next supply zone.
After previously predicting that gold would reach $2350 and it has occurred, with gold retracing back to $2325 at the time I made this idea, according to my analysis, gold will continue its decline to at least $2310, and if it continues to weaken, it might reach $2300. Key level: $2325 (Entry) Target: $2310 Stoploss: 1:1 with target Disclaimer: This is not an...
Hi guys, Today you could buy gold on 2305 level with SL below the lowest price of previous week and TP1 is 2330 resistance level. Be careful we are in 4th wave of 3rd wave and we should both of the below 2280 and above of the 2340. I am waiting your opinion.
Hello there, Mapping out the XAUUSD, it seems we are in a B retracement in a bearish trend. The price has the potential to move up to the 2340–2374 extremes and drop to the 2260–2237 area. The price needs to confirm a higher low above 2325 for a bull run at the current level. Happy Trading, K.
Trading Plan for Tuesday, April 30th, 2024 Market Sentiment: Bullish, within a consolidation period likely followed by a breakout. Exercise caution and patience with trades. Key Supports Immediate Supports: 5127-30, 5121 (major), 5108 Major Supports: 5083 (major), 5067 (major), 5039 (major) Key Resistances Near-term Resistance: 5136, 5150-55 (major),...