Here Is The New Update On Gold
This Update Base On My Last Analysis
We Are Need To Clearly defined That Gold Is Approaching To Our last Target ( Final Target )
After That The Most Possibility Is Gold Going Back To Down If There Is No Breakout Happened On Final Target
We Are Back With GOLD Chart Analysis
Finally We Are Seen That Gold Give Us More Bullish Moves Toward Resistance Line
Break The Bearish Channel And Making Another Bullish Channel If The Market Moves According Our Analysis The Our Next 1st Target Is 1800 and Then 1831
Gold still very bullish looks like it will for sure to make a New High but at the moment, price action suggest for wait & watch to go long in it.
As per trend line mentioned on chart, if sustain above that will best to enter longs otherwise initiate long close to 1745 to 1700 levels.
Hope this will help to understand.....!!!!
The bears took the race and Gold hit over 400pips just as projected.
But we likely to see some possible Bull race at that marked zone before the Bears continue it Race to take out the significant Sell side Liquidity.
NB: 1788.63 also looks interesting but let see how price react to the marked POI.
Let have some chill Drinks while we await the Move.
Gold was up on Thursday morning in Asia, extending small gains into a third session thanks to a weakening dollar.
Gold futures edged up 0.12% to $1,787 by 12:02 AM ET (4:02 AM GMT), sticking within the $1,759 to $1,788 range that the yellow metal has traded in throughout the week. The dollar, which normally moves inversely to the dollar, inched down on Thursday...
Overall bias Remain Long Term Bullish on Gold but as we all Know all Buyside liquidities has been taken and sellers been cut short so we should see some Bears Race soonest at the Mitigations blocks and also we have some key areas there with some hidden value levels to cut out Long term buyers while also distributing the mini AMD formations before the overall...
Both possibility here for GOLD In H4 Time Frame If The Break out Happened In Upper Trend Line Of Bearish Channel
Then It Will Buy
Otherwise We Are Looking Down If rejection Happened
The world's financial crisis is not over , maybe it has not been even started yet. We all hope that we won't experience another financial crisis but it's logical to hedge our assets against incoming midterm inflation.
I think a portfolio containing commodities and crypto assets would be reasonable for fall and winter. In addition, gold is showing great technical...