Congrat's on Profits! The final Target #1,575.80 Weekly Top was achieved followed by a strong Bullish aggressive rise that made a Top with #1,555.70 as new Support on a Hourly 4 Three White Soldiers candle extension. Despite this both Hourly 4 and Daily chart are completely Overbought (Williams%). No Moving Average is Selling on any chart, but this is typical...
Le Gold était en zone de consolidation depuis quelques jours formant un rounding bottom. Nous avons maintenant une cassure de la zone de consolidation en cours, ce qui nous mener à dire que nous avons la formation d'un pattern bullish qui est le J-HOOK (crochet en anglais). Un retest du dernier plus haut vers les 1600 est maintenant envisageable.
Il est aussi...
What I am looking for for the DXY to move lower. Look at presses and what they represent on lower time frames. I attempted to give a better explanation as to why missing a 1.272 extension on Gold was a mistake and a big deal to me.
@ 1585 levels, we can look for selling opportunity. if Gold breaks 1585 move further to cross 1615 levels will start new wave count and will move further.
Gold retested and was again rejected on the #1,564.80 Hourly 4 chart Resistance keeping the Bullish bias alive. That is fine by me since I booked decent portion of Profits by closing part of my Buys yesterday. The Engulfing Bearish reversal candle on Hourly 1 succeeded at rejecting the price action and catching already the 50% Fibonacci level. I expect the last...
GOLD M30 Sell:
> Rejecting resistance.
> Bounce from trendline.
> Signs of bearish pressure is back.
> Stoploss is placed just above resistance incase we break out. Can then look for buys.
Trade Idea:
> Enter: 1565.00
> Stop Loss: 1569.00
> Take Profit: 1555.00
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Hi, today we are going to talk about GOLD and its current landscape.
We can observe at this timeframe, a confluence of technical factors, that entail a setup which might drive this asset to a new movement. The details of our analysis are highlighted in the chart above.
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Thank you for...
In the daily we can see the rejection of the monthly ressistance with a desending channel. in the 4H chart we see the breakout of the rising wedge and now retesting the daily ress. with a flag. First TP could be 1535.90. Wait for the confirmation.
Guys , we saw a sudden jump in Gold which was justified by the middle east turmoil and even though the tension is not back to normal , oil prices are back ( even supply lines are still in danger ) but gold is keeping its earnings. US-China deal is done, usmca is done, middle east and north african turmoils are almost stabilized ( Iran announced they are back to...
Gold price is widely followed in financial markets around the world. Gold was the basis of economic capitalism for hundreds of years until the repeal of the Gold standard, which led to the expansion of a fiat currency system in which paper money doesn't have an implied backing with any physical form of monetization. AU is the code for Gold on the Periodic table of elements, and the price above is Gold quoted in US Dollars, which is the common yardstick for measuring the value of Gold across the world.
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