Trend breakout to the down side.Gold has been trading on a uptrend for a while on the H4 timeframe. It recently broke out to start a down trend. Currently it is trading under resistance which became a support area and heading towards 2,294.
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Gold Continues Higher . . . Look for Small PullbackWhere are we today? We are in a rising wedge . . . and there is a risk that gold eventually breaks this primary trend levels . . . but, if past is prologue, then we should see a 15 minute retracement into our next buy at the 4 hour HWB long setup. . . around 2391-2393.6 area.
📉 Gold Futures Parabolic RiseThe black curved line on the chart is called a "parabola," as in "parabolic rise."
A parabolic rise tends to lead to a very strong correction.
The only way to sustained a parabolic rise is... Well, it is impossible, the Gold market fluctuates between up and down.
The peak, ATH, happened on the 8-A
DXY Silver gold5.20.24 this videos is about you markets the that are coming to are target on an ABCD or any other pattern....but has very aggressive price action that suggests that this is not a reversal.
GOLD Price Stability Amid Rising Global TensionsOn Tuesday, the price of gold stabilized as mounting geopolitical tensions spurred demand for the safe-haven asset.
Escalating protests against Israel’s presence in Gaza, Russia’s initiation of a new conflict in Ukraine, and concerns regarding potential disruptions in global trade have heightened t
Gold versus SilverGold versus silver hitting a massive support area at 75.
This is why silver's ascent is halting versus gold.
#gold #silver
GC1!_Short-Term TrendGold could get one more poke into the green box extension area noted on the chart, but as price continuously tries to confuse us, I actually think a c wave subdivision of the Minuette (v) Ending Diagonal is likely and warranted, here. I have zoomed out to show some fib confluence at the top end, so
Selling is done in GOLD?2258 support held, but 2340 is now offering resistance. We have Buyers pushing the prices up for sure, see the GREEN UMVD started last week. We have gREEN Bars but TrapZOne is still RED>
2024-05-20 - a daily price action after hour update - goldGood Evening and I hope you are well.
Gold
comment: Another triangle 2412 - 2440 which I expect to break down below and we get a second leg down. The measured move target is 2375, coincidences… Besides that, bulls got the 2450 and market showed bigger rejection again. Bears need follow through
GOLD FUTURES : OUTLOOK This is the same idea. as previously posted but on the futures chart. It seems price is already at our entry on the futures contract chart.
"May fortune attend thee, and thy trade prosper." .......L2Earned
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Frequently Asked Questions
The nearest expiration date for Gold Futures (Feb 2017) is Feb 15, 2017.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Gold Futures (Feb 2017) before Feb 15, 2017.