? TAKE LONG POSITION AND TRUST THE PROCESS , REMEMBER NO FEAR
The strong performance of the U.S. ADP employment data in April provided new challenges for the Federal Reserve's monetary policy. In this context, the reaction of the gold market is particularly worthy of attention. After the data was released, gold fell back 4 US dollars in the short term and then rebounded. The number of ADP jobs in the United States increased...
The only chart you need right now. #gold momentum resetting volume resetting
gold futures Quote from last week: bear case: Given the bullish climactic nature of the last 2 months, some correction is on order but bears need follow through below 2300 for a retest of the breakout around 2250. On the daily chart, this too is a two legged correction but it’s looking much less bearish, because we are still around the lower bull wedge line....
I think we should be looking for shorts for Friday May 3rd
Gold is very often able to outperform US Dollar (vs foreign currencies) strength in its bull eras. I made it easy for you to spot when the march upwards resumes on this daily chart. Now don't say I can't help ;-) #gold #dxy #usdollar
If Sustain above 2309.6 then 2324.6 to 2325.9 or 2328.5 to 2331.3 or 2333.6 above this bullish then 2347.1 to 2353.8 If Sustain below 2302.0 then 2286.1 to 2283.0 or 2280.7 to 2278.0 below this bearish then 2263.6 to 2256.9 or 2254.1 below this more bearish Consider some buffer points in above levels. Please do your due diligence before trading or...
Overall we are trending up on the weekly time frame. We are now having a pull back. The previous weeks candle closed very bearish. We have a weekly gap that we need to fill and it looks like within that gap, there is an area where price had a lot of aggressive buyers & sellers. This price tag is 2262.3. I will be looking to short that once we break out of our...
CURRENT PRICE: 2296.5 2278 to 2288 is the bullish zone for gold as mentioned in the chart, plus 200 SMA is also providing support at 2293. Price is bouncing from this level and is currently trading at 2296. Till the price is above this support zone BUY is recommended to target 2304.5 and 2323.6. Whereas breach and stability below this support zone will result...
© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M. The broader context suggests that wave (iv)-purple continues longer than expected, pushing lower, looking for targets around the 2260 area. The short-term outlook shows that the x-blue wave recently ended, and the y-blue wave is opened to push lower, while price sustaining below the 2317 resistance...
It looks like we have an impulsive count to the downside for a C or 5th wave. I'm looking for the Green 5th wave to extend to the deeper fibonacci target of 278% after a decent 4th wave bounce... but first it needs to complete blue 345 to the downside. Deeper Targets possible - will update the idea as it progresses.
NWOG to NWOG looks good. Targeting equal lows. should be quick Refer to previous idea Tagged
Daily reversal candle after a breakdown on a daily chart. In the event of a daily closing breach of the support levels (red lines), there is a possibility of further downward movement, emphasizing the importance of implementing risk management strategies.
Gold is near resistance. It is in sideways near resistance. If it breaks that resistance level in weekly. It will go to new level. Maybe around 90000.
COMEX:GC1! "Excellence is not a singular act but a habit. You are what you do repeatedly." -Shaquille O'Neal Yo Family I hope all is well. Here i'm going to lay out a few different reason why we may be able to CAPITALIZE SHORT this week on GOLD... This is what we do and we highly skilled at it too... Let's vibe out!! I study the DXY very very closely as it...
© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M The broader context suggests that wave (iv)-purple may have bottomed out at 2285.2, allowing wave (v)-purple to unfold upwards. The short-term outlook suggests that wave ((1))-red recently reached a peak, and wave ((2))-red is unfolding to push lower. Subsequently, wave ((3))-red will return to begin...
Initial set up a pending order for the sell stop, thats now been invalidated. Looking for a change of direction confirmation. If that does not occur Ill be placing the sell top order again
I observed a bearish flag pattern on the 15-minute timeframe (TF15) for gold trading. After noticing the price break below the lower boundary, I entered a short position during the first pullback, targeting significant resistance for a short swing trade. On the 4-hour chart (TF4), one can also consider shorting based on the price pattern illustrated in the...