there is a high chance due to the fed policy in increasing the interest rates to 5% .
technically gold creating double top in the weekly chart which indicated a long term retrace before the bull move for the gold.
gold may retrace to 1480-1500 by early next year before summer, fib channel.
is this thing that has traded like a boat anchor, as much of a boat anchor as Bitcoin . More or less not moving at all. Yet, as with all things, consolidation periods only last for so long before the volatility picks up again to draw in new attention.
This chart is a huge amount of time and very wide ranges and so it's very hard to stuff the important info into...
I guess our level worked well over here. Indeed it was a good a day to go short on Gold:
Gotta love it when the chart works well but what's next?
1750 rejection at 0,61 Fib level and new stop loss right above it.
Take profit targets are:
1725 (83% of getting there)
1710 (67%)
1688 (59,8%)
1670 (38%)
There is also a probability of 39% to see the price break...
As mentioned on our previous post, Gold's momentum is expected to slow down. Price retraced back towards the inverse head and shoulders neckline which is also supported by the 50 exponential moving average (EMA) in the 4 hour time frame. A reversal confirmation at the region of neckline support will indicate a continuation of the bullish trend while a breakout of...
Hello and good night friends
Gold seems to be still in a corrective pattern.
But the rise is still not likely (if the price crosses the invalidation analysis, we will see the rise)
And there is a possibility that it will turn into a triple zigzag
Good luck and be patient in your dealings
Hi guys
This is a simple scenario to Gold
First step
Gold will correction to 1733 (50%)
Then
it starts bullish to
1: 1800 resistance line :T1
2: 1835 Double Bottom : T2
3: 1917 Bullish crab pattern : T3
If Gold decline below 1730 and close candle in H4 Next Target is 1680
Fundamentally This analysis works before Wednesday , after that, should be updated
Going Short on Gold Futures. A clear bearish trend can be seen. If the price breaks the first resistance, that will confirm the trend and will be a great entry point.
hello
today i share with you my chart analyze how you see the gold breaking with a large candles in the downtrend channel and also with a large volume than usual as you find that the last large volume is March 7 to impact the market to fall.
Right now we can clearly see that Gold has Double topped at the PCZ of a Multi-Year-Alternate-Bat Pattern and also formed a small Deep Gartley at the PCZ of the Alt-Bat which ended up forming a Clear Double Top at the 1.13 Extension.
Now after a Notable Decline Gold has retraced back to the Moving Averages which happen to align with what we would see as the...
Since july 2019 the "the precious metal" respected the support zone .... this week unfortunately we went down with brutality on daily close . gold is supposed to make a pull-back move and go down on next weeks ... bullish move depends on good federal news + china / russia decisions .
gold will drop towards 49000 in the next week
since it broke the trend line respected for years and then it made the pull back
and given this drop the dollar will rise in price again
11. 15. 22 Yesterday I talked about gold and the dxy. It's useful to see what actually did happen, and now I will give you my prognosis. This means we need to come back to this and see what happened in the next day or so. Even if the analysis sounds good, but the market moves differently from my expectations, It still pays to look at it See if there were clues it...
Are we repeating history and reliving the Roaring Twenties or should we call it the Golden Twenties? Gold is currently channeling all its power and following an upwards slope. Pushing up north, we're expecting the trend to stay strong to work its way above the resistance at $1824. Primarily, Gold should continue to move north as long as it remains above the $1739-mark.
Gold is edging higher. As predicted, we are running into resistance from a cluster of levels in the $1780's. This is confirmed by red triangles on the KRI at $1778 and $1784. We have one more level to go at $1789 before we are able to test a previous value area beginning at $1795. The Kovach OBV is still strong but appears to be wavering. If we retrace, we...
