There isn't a rocket ship big enough for gold chart if we get a March/Q1 close above 2000$. #fintwit #gold #xauusd #silver
According to analysis, it continued toward touching historical resistance. wait and focus on the price of $2004 Point of Short : ($ 2000 to $2088) Point of Profit: ($ 1679 to 1617)
GOLD Future Short @ 1943 TG : 1937 - 1934 - 1931 SL : 1944.60
In this update we review the recent price action in the Gold futures contract and identify the next high probability trading opportunity and price objective to tatregt
Here is the chart of gold on weekly time frame. and it looks completely bullish. TG: 153232 (7%) SL:135643(4.5%)
Brutal move up for gold in past months, now closing the position and looking for short. I wait support confirmation on DXY, Im even more bearish on gold if stocks continue to go higher somehow.
GOLD UPDATE 30 January 2023: Since the last time, the price has continued moving up on an uptrend channel. The target still remains at $2,004. This was due to the larger Cup and Handle that formed on Daily. 7>21>200 - Bullish RSI >50 >70 (Green background) FURTHER ANALYSIS We normally see a boost in the Gold prices in January up to march this is due to a...
As mentioned in our previous post, momentum has started to slow down for Gold and this week printed a even smaller body candlestick bar indicating market indecision. This indecision is likely attributed to the strong momentum prior which is not sustainable which led to the present situation. Look out for any signal to short as we approach the end of Gold seasonality.
Weekly Kickoff levels are longer timeframe levels where we believe longer time traders will adjust inventories.
This incredible rally in Gold won't really end until prices reach levels above $2250. My target is closer to $2400 - but we'll see how things play out. Overall, Gold moves in $350 price phases. From recent lows, the top of that $350 price phase is near $1985. I would suspect a moderate pause/pullback after reaching the $1985 level. The low of that...
gold was making Rising Wedge pattern today we are seeing breakdown Now Selling Could Get activate after break 56500 (for confirmation)
COMEX:GC1! Looking for Gold to extend the rally and move towards the upper parallel of the long-term pitchfork. Currently looking to move towards the warning line of the downward sloping short-term pitchfork and the target will be the upper parallel of the upward sloping short term pitchfork. Historically, gold does not top until the Managed Money positions reach...
Every time Gold traded in overbought territory it pulled back. Is currently overbought and testing a strong resistance. Check my previous post lines below.
The Elliott wave pattern from the 2020 high to the 2022 low could be viewed as an A-B-C flat pattern. As a result, the rally could be the beginning of a new uptrend in wave 1 of 5; OR The 2022 rally is viewed as a connector 'X' wave that will connect with another corrective pattern. I'm looking at $2,000/oz as being a zone where a bearish reaction may appear...
the gold looks strong but let keep an eye on the channel and the Elliot wave retracement +_ Fibonacci
COMEX:GC1! Gold Futures marked on the weekly chart Confluences: Major sellside liquidity taken with the break of the 2021 lows, should now seek the opposite: buyside. Respected the volume imbalance boxed at 1625-1650 by wicking up 3 times and candle bodies staying above; It shows signs of accumulation. Market Structure Shift (MSS). First time a...