based on my strategy I think that before the gold will fall down . we must return the area between 1824/18721
remember as always IF YOUR WRONG LET YOUR RISK MANAGEMENT PROTECT YOU
I only understand the structure of the market there is a very high probability that gold continues to fall and take the target
what do you think?
COMEX:GC1!
Gold is currently in a downtrend channel, and it will only start to rise if it breaks through the resistance line. The black line on the chart is the resistance line, and the first support level to watch is around the previous low of $1,812. A stronger support level should be around $1,808.
I will continue to track the movement of gold and share my thoughts...
On the gold 30-minute chart, the SAR indicator has shown an inflection point, and it is now running upwards.
The BOLL indicator is between the middle rail and the upper rail, and the lower rail has an upward trend.
The MACD indicator golden cross is running upwards. In combination, 30 minutes is bullish of.
In 1 hour, the price came near the middle rail of...
Title: Gold Futures ( GC1! ), H4 Potential for Bearish Continuation
Type: Bearish Continuation
Resistance: 1854.9
Pivot: 1827.7
Support: 1791.8
Preferred Case: Looking at the H4 chart, my overall bias for GC1! is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. To add confluence to this bias, price is also along a...
Gold has been under pressure in February as $DXY moved higher. Now gold finds itself at an important juncture with weekly RSI at the 50-level. This level acted as resistance in 2022. Will this level now act as support?
Also notice that when weekly RSI remained below the 50-level in 2022, price action was weak – so lot at stake for gold.
Downside movement of Gold remain strong last week as it printed four days of losses. Momentum is mildly overextended and if this momentum persist, price is likely to reach the next level of support at 1789 can will likely be overextended by then, where high risk long opportunity can be entered.
If Gold managed to push above the 1853 region, a short term shift...
Gold setting up for a bearish formation.
It could be an Inverse Cup and Handle, M Formation, Rounding Top.
Whatever it is, the signs are looking bearish.
21>7>200 - Bearish
RSI < 50 - Bearish
Target $1,629
INTERESTING FACTS
Gold is a chemical element with the symbol Au and atomic number 79.
Gold is a precious metal, which means that it is rare and...
I predict the first support level for gold will be around $1808, which would be a good buying opportunity for long positions. The second support level is around $1782, which is an excellent buying point with an upside potential of nearly $100. This is very friendly for friends who are engaged in long-term trading.
That's the big trend, and for short-term...
Gold had a good run from lows of 1617 in November 2022 to 1975 in early Feb. It has broken down the parallel channel running from mid Nov to early Feb, highlighted in white color. After breaking down the channel, gold tried to bounce and get back in channel 4 continuous days, but it failed and we got a confirmation candle today. I see gold to sell off short term...
