The CPI numbers come out tomorrow. That could be the impetus for gold to run in to new highs in the coming weeks. What is needed is a strong close above the 50 ema as shown in the red circle to the left. Getting into this trade to go long before such a confirmation would be a mistake, IMO.
We can also see that near the circle on the left the price touched the 200...
m30 9 td sequential happed on previous resistance that now become support
also price action from candle is show low momentum before hit support
so good bet for 1.5+ RR
7.20.23 On this video we're taking it closer look at Tesla which is at A reversal area Looking at multiple Tools and indicators. I also Ran across 135 patterns and thought that I should introduce that to Bobby. I also talked about trend lines and how I use them. All of this will be new for Bobby and take some time to ingest... but in a month all the stuff I'm...
In this update we review the recent price action in the Gold futures contract and identify the next high probability trading opportunity and price objectives to target
•Past performance not indicative of future results
For me after this powerful volume , it's time to take your profit , but we goin to wait until the end of this candle , if it end red we going to close , if not we going to follow the trend
Gold futures have fallen nearly 9% since the May high, but there are signs that it is trying to form a base around $1900.Whilst the psychological round number has helped to play a part, it also coincides with a volume cluster in the rally at the beginning of March. We therefore see the potential for a minor bounce at a minimum from current levels whilst prices...
Gold has been rearing up once more but should soon return below the support at $1936 to continue the overarching downwards movement until the low of wave (4) in yellow is found, which we expect to happen below the turquoise zone between $1840 and $1713. However, there is a 30% chance that the precious metal could use the turquoise zone to finish wave alt.2 in...
This chart is the same as drawn way back, still standing with it.
I have two targets for gold in first quarter 2024, lower path (purple arrow) is 2100 area, and 2407 area (higher purple arrow), which is a Gartley extension dating back to September 2018 (last Fed hiking cycle).
Natural progression would be along the lower target, but a macro event (such as...
The gold today looks powerful and positive for attacking the resistance and breaking the range. After this powerful pullback with good volume, it's time to buy.
