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 now at sideway .but it may go up soon. Just follow trend . Trend following strategy is so easy to earn money.
We have used advanced market theories in this analysis considering the economical factors and multiple charts analysis
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.
© 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...
Gold (June) / Silver (July) Gold, last week’s close: Settled at 2308.6, down 1.0 on Friday and 38.6 on the week Silver, last week’s close: Settled at 26.69, down 0.139 on Friday and 0.845 on the week Gold and Silver futures turned higher upon China’s open last night at 8:00 pm CT. It is important to remember China was on holiday late last week, which means a...
© 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. In the short term, the completion of wave (iv)-purple in an ABC pattern indicates that the upward movement from 2285.2 suggests that wave (iv)-purple may have ended. Pushing...
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...
Attached to related idea Grey zone I expect to act as resistance In shorts right now
if Sustain above 2318 then 2333.0 to 2336.0 then 2345.8 to 2347.3 then 2354.4 to 2357.0 then 2373.7 to 2377.2 if Sustain Below 2318 then 2311 then 2309 to 2305.5 or 2302.9 then 2291.7 then 2281.7 then 2274.7 to 2271.5 or 2268.5 Consider some buffer points in above levels. Please do your due diligence before trading or investment. **Disclaimer - I am not a...
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
we can look for a bullish entry on gold cup & handle pattern formed over all trend bearish small bullish entry
Technical Momentum Weakens Gold Futures hit an all-time high in 2024 at $2,448 on the June futures contract on April 12. Since then, futures have corrected; however, gold remains firmly above the rising 50-day moving average at $2,244 and well above the 200-day moving average at $2088. The technical perspective shows momentum studies declining, with the 9-day...
I personally think short term maybe lower, but the purpose here is to consider the outcome of a new asset following the path of another with the participants being the same people. filb.
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...