Gold Spot / U.S. Dollar
According to a recent agreement between Turkey and Finland and Sweden joining NATO and the downtrend channel of the daily ounce of gold, as well as the overlap of resistance, the sale deal seemed to make more sense than the buy deal. The ounce is currently 1820 $, and my goal in this deal is to sell an ounce, which is technically on the floor of the daily...
pretty important to hold the line otherwise most likely gonna dump and tag the 200 . not in any position yet but looking to short a bounce specially with dixie looking to rip . IMO all big players china russia india turkey loaded up on their gold at around $1260 level onwards in anticipation of what's happening currently so unless we revert back to gold...
GOLD was able to break the upper line of the Falling Wedge Pattern and I expect that GOLD will go up to 1834$ . Gold Analyze, Timeframe 15min . Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not...
Gold's general commentary: As expected the #1,820.80 - #1,822.80 Support zone held throughout Monday's Asian session and that development alone gave Gold a strong boost back near the Daily chart’s #1,831.80 (former Support) Resistance, however Gold got rejected near local High's and reversed / formed Descending Channel. Last time Support zone rejected the...
the direction of gold is downtrend after reach the upper of the channel now will reach 1810 and if break it will drop more but if can stay inside the channel again will go up
GOLD is moving along this falling channel and it is likely to hit the resistance today. there could be a selling opportunity once price action is formed rejection from the top. On the test of daily 20EMA, we could see rejection. please press like button if you find value in this analysis
Gold flirts with the lower end of the bear flag at press time. A UTC close lower would signal a resumption of the broader downtrend, represented by the falling channel. Support at $1,787 (May 16) and $1,757 (Dec. 15 low). Macro supports bearish case - Talk of ECB 50 bps rate hike in July + continued Fed tightening.
The high volume of trading with a candle with a long tail in the last uptrend indicates a reversal of the price downward and therefore I recommend selling with doubling the position when the vwap is broken strongly
gold next move possible to buy 1832 because gold touch h4 timframe trenline now gold fly like missile
it is buy obviously. you should careful to chart. forex is easy if you want.
Sell when the last candle closes before crossing the trend line
Pivot Point: 1813 Currently: Consolidating at this 1822 level , its next support zone is at 1826 Reaction: Resisted at 1806 and retraced back to 1801 I just started sharing my daily technical analysis of Metals & Forex Market with my indicators on tradingview~ Wish to receive some feedbacks from you! 😊 Btw you can feel free to use our designed indicators!!!...
But will it hold? The recent trend has been mixed. I see a clear downward channel as drawn here, intersecting with a longer term up trend. So far there has been no impulsive move either way recently but I think something will happen soon.
Base on daily trend line and it may even break all the way to 1780. Let me know what you think.
Premise still stands. Ascending channel, see part 1 in links