MCX:GOLD1! TVC:GOLD OANDA:XAUUSD
GOLD - Where to next?
Well, as we had CPI out...5% - Dollar is getting sold it's what I expected but I am focusing on precious metals, we are heading higher but we are at key resistance. Highs 2050 lows 1980. we still within range a break below lows expect 1950 areas. However above 2050 highs, gold can easily achieve 2080...
Gold continues to trade within the range between 1985 and 2025 region.
Short term trend can only be identified when price breaks out of the range and would likely be this week due to the upcoming FOMC.
Heads up previously, had already mentioned previously, there was bullishness in Gold, but not enough and it was way too stretched to be at the top of the (constipation) range. The weeks went by and few things are very clear here:
1. There is a third lower high (not bullish)
2. Gold is breaking back into the range (really not bullish)
3. The MACD is weakening, the...
after 10 days of side move, this week will be the game changer!
imo, this week gold will goes to $2029.5, if the price held this zone and we not see a bearish pivot, next target probabbly $2090.
if the bearish pivot confirm market structure shift, gold will drop to L.V.
ultimately, C.E will held the price and gold will ready to reach $2090.
Hi every one gold reach there top leval 2024 August
best time for every dip buy for invesment and trading
you can ask financial advisor or contact any gold expert
Two posible scenarios
1) Bullish continuation (as the idea related linked) to 2100 or so by June this year.
2) Bearish move to the final bottom around 1720-1740 by August -September.
- A corrective strong move is pending. It could begin from this last week top or from a posible "expected" top higher at 2100 or so.
- Dollar is again at support 101 and not...
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
Do you see how well those Gann fans squared work? -- Gold consolidates at the Gann confluence and either flags to resume is present path along its Gann ray, or it puts in a reversal at the Gann confluence (the crisscrosses of the fan lines). It most often resumes its path along the fan rays.
I currently have two possible paths for gold.
The first possibility...
GOLD - Short
GOLD starting its downtrend
- Below marked pink areas are targets and reversal zones.
- Strict SL is given.
- Analysis done in 1h time frame
