Hi every one
gold is in short down trend
27 March Impornt day for gold
53330 Rs is most important leval of gold
gold down side me channel line me correct ho raha hai
Corrective wave
every rise hoke down chalta hai
53300 Rs trend decider leval
Percent R indicator suggested a short (this indicator gives valid entry signals if prior low was below 18 moving average.
Now confirmed with an insideday break to the downside, I am holding this and the bitcoin short position with a trailing sotp above prior days high...
Gold is expensive by fundamental also m30 show clear double top with possible bearish engulfing on neckline
Gold daily still down trend so this is not against big trend entry
As mentioned in our previous post, Gold was mildly overextended and price recovered most the the prior movement.
Gold closed the week above the minor resistance at 1853 and looks to push towards 1873 region or even the 1890 region.
However, if price were to fall below the 1820 support region, Gold may potential dip towards the next support region at 1790.
COMEX: Micro Gold Futures ( COMEX_MINI:MGC1! ) and Gold Options ( COMEX:GC1! )
Gold is often hailed as an effective hedge against inflation. It generally increases in value as the purchasing power of the US dollar declines over time. Does this still remain true? Since January 2013, the US Consumer Price Index increased 29.4% cumulatively, while the 10-year total...
gold price is expensive by fundamental
short this product have an edge in my opinion
price is now on 4H supply zone
it might seem like breakout on m30 but i think when retail buy big man sell
I love RR here so it ok for me to short here
On GC1 as you see on the chart we have the breakout with force the support line and also the breakout of the vwap indicator so it's mean that we will have a big probability to have a downtrend.Thanks!
Based on my strategy i think . that the gold will fall down . if it doesn't then nothing will stop him from going up like a rocket .
AS ALWAYS LET YOUR RISK MANAGMENT PROTECT YOU
COMEX:GC1! is traiding since Sept 2020 in range between 1690 und 1985. Currently the price action is the upper range limit. A analysis of COT index indicates a short signal, which comes along with high open interest oscillator. This two indicators my forecast a reversal of the uptrend COMEX:GC1! . Since the price shows a still a stable uptrend (price is above...
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
daily timeframe is still impulsive down wave
on m30 price move up strongly very fast to hit supply zone but still below previously weekly VWAP
m5 show rising wedge pattern to confirm entry
Gold is one of those things that has always made humans go mad with greed. There's a deeper reason for this that people can't quite grasp on the surface, but the metal has significant inner meaning for many cultures, families, societies, and belief systems.
I've heard over the last few weeks that the Chinese Communist Party has been buying tons and tons of gold,...
