Symmetrical triangle formation on gold futures chart, break of below triangle trendline, profit target of 1921/1894 and if the PA breaks above trendline then TP1 - 2010.
Current trend is sideways, and we might get 1968.
Greetings everyone,
I hope you've had a productive week with successful trades. I wanted to share some of my ideas on the Elliott Wave Principle. It's crucial to make informed decisions and exercise patience in all transactions.
As per a quote from (J.F.), a professional analyst of the Elliott wave principle, amateur traders tend to focus on the possibilities...
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so investors have to look for a place to park their
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and gold is shining a light of hope for them
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here are 3 reasons why gold is a good buy for you
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i love gold because you do not need ...
For all trade on my Auto Harmonic patterns indicator trade setup -
Risky trades can take trade after crossing 23.6% on either side and safe traders can take trade after 41% We can start buying when our Trailing SL hit at 23.6% with SL of recent low our Target will be 41%, 78.6% , 127.2% 161.8% and 223.6 % , when reversal pattern appears on chart we have to trail...
In this update we review the recent price action in the Gold futures contract and identify the next high probability trading opportunities and price objectives to target
PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS
On GOLD is nice to see strong sell-off from the price 1941.5 , there are nice to see strong volume area....
Where is lot of contract accumulated...
I thing that sellers from this area will be defend this short position...
and when the price come back to this area, strong sellers will be push down the market again...
S/R zone from the past + Downtrend +...
Gold has been in a retracement and it could be deeper until reach a SPDA because of DXY. But if the price break the zone that is right now, then we could think that the price could go directly to Targets. On the right side we have the futures that make confluence with the Scenario. So we need to wait for the Time and Price to take decisions.
sell gold stya bwl 58900 looks dwn fall epxect tgt 58810--750--500++++ sell on rise must with tight sl at daily chart looking gold spot bw 1920 dwn side 1915--13 blw 1913 will see 1903$
Last week, Gold showed some great strength and finished higher on the week after bouncing off some good trendline support, and this week we have seen the market selling off back towards the low of last week right near 1940. Gold is trading in this range now, and it seems the bears are in control for the time being as there is not a strong fundamental reason for...
For all trade on my Auto Harmonic patterns indicator trade setup -
Risky trades can take trade after crossing 23.6% on either side and safe traders can take trade after 41% We can start buying when our Trailing SL hit at 23.6% with SL of recent low our Target will be 41%, 78.6% , 127.2% 161.8% and 223.6 % , when reversal pattern appears on chart we have to trail...
s it worth investing in gold in 2023-2024?: This idea argues that gold is worth investing in the long term due to its hedge against inflation, currency devaluation, and geopolitical risks. It also cites some fundamental factors that support the bullish outlook for gold, such as low interest rates, high debt levels, and rising demand.
It's very nice to see how price reacted at the CL, then came back to the U-MLH.
And again price got rejected at the U-MLH.
The A/R line is broken and now price has a good chance to travel to the Center Line again.
btw: This trader has the same idea, just using another technique:
Great one, I really like this.
Is it worth investing in gold in 2023-2024?
Gold rallied for the second week in a row to settle at around $1940 an ounce.
The growth was fueled by expectations that the Federal Reserve would stop raising rates after signs that the US economy may be slowing.
Released data showed moderate increases in PCE prices and a downward revision to Q2 GDP growth.
US...
On GC1 as you see on the chart we have the breakout with force the vwap and the ressitance line by a big green candle with a large green volume, so it's mean that we will have a big probability to have an uptrend. Thanks.
