As Gold made an attempt to break the resistance we have mentioned in yesterday's analysis but failed to sustain the momentum.
We could have seen the rapid selloff later in the session which continued all the way down to the 1900 area we pointed out yesterday.
The 1900 level will play the key role as a support and if it breaks we can expect continuation...
Ema200 daily and 60min is moost. important moving avrage
90% gold want touch it and then fly to 2200 so put buylimit on it and after buy open , dont close it with little profit(before 2200 ) , hold it long term for protect your up sell.
in Gold fut = you must put buylimit on GCZ2020 or GCH2021 , after 20-30$ profit , put SL on it and go trade on current...
Gold has tested 1917 a third time. It's been making higher highs, suggesting that it may be trying to form a bull wedge. It may try to test 1905 again before breaking out, but it is looking like its coiling up for a breakout. If not, expect momentum around 1917 at the open. Gold will face resistance at 1925 and 1937. The latter level is a relative high,...
If ever it break 1917/1918 with power there is a probablity that we will go test around 1921.5/or 1925 if we are lucky its depand on the graphic for the first step . but if ever we go bellow 1911.6 . we will find a support around 1909
Generlly we are on trading range between 1917/1989 from (13 october )
On Friday we could see Gold testing important resistance at 1918 and selling off from there.
This would have been a bearish sign, but we had a rally in the early London session.
As we are approaching the level of resistance once again, the level is more likely to break.
Therefore we are looking for the upside expansion on the break of 1918 targeting 1925.
On TradingView, hotkeys and shortcuts will help you chart faster and navigate markets in lightening-speed. Draw a Trendline or a Fibonacci Retracement by pressing one or two keys on your keyboard. In this video, we want to show you every hotkey and shortcut available.
Press Alt / ⌥ + T to quickly draw a Trendline.
Or press Alt / ⌥ + F to quickly draw a...
Hi Everyone! Welcome to this weekly analysis of gold! For those who have followed me over the past few years, you know that I've been consistently bullish on gold. I repeatedly called for a new all time high, while gold was trading in the 1200 to 1300 range, and as you can see, gold was recently able to produce a new all time high! The question now, is how much...
Hello there, this is the probability from what i found.
1. Falling wedge = Indicates the reversal price
2. Bearish Sharkiesss pattern which indicates the price might go to the top before doing the reversal down to the arrow.
This is only the probability.... just a 2 cents POV from mine. Analyze and trade at your own risk.
Anything you can pm me or drop your...
Here's a very simple analysis of the longest living money on Earth — gold! This is the weekly gold futures chart, which extends all they way back into the 1970s. You can see that there is a rising blue trendline, which originates on the peak of 1980 and connects with the peak of 2011. Considering the bullish bowl formation that gold has been forming for the past...
Sounds crazy right? Well I thought so too but as history shows this scenario is entirely possible.
Let’s start at the beginning.
Its January 1996, President Clinton is in the final year of his first term. It’s an election year and no one is aware yet but the stock market over is about to go on one of its greatest runs in history.
GOLD is falling off a cliff....
RSI with EMA Signal Created By Request For @motcha1
@motcha1 Requested the RSI with EMA Signal.
A Larry Williams Follower who says it's a Great
Entry Signal when RSI Crosses EMA When VIX
Is Showing A Potential Bottom. Looks Good!!!
***Waiting For The RSI To Cross The EMA I’ve Found To Be A Very Precise Entry Without Getting In Too Early. Thanks...
On Tuesday, high volume sell-off appeared on gold, as $1916 was tested twice as a resistance. The correction was 2/3 (Fibonacci) of the sell-off.
On Friday, US session started with a new bearish move with increased volume, as the subsequent correction was 1/2 (Fibonacci) of the highest volume candle.
If price breaks out the down trend line price $1990, most likely...
Either way, adding at least "some" longs once we bottom here soon make sense whether we have seen the low or not. If we have, can always double up higher. If not, get to add balance of cash at a lower low. For sure everyone has thrown in the towel at that point, then Rocket