gold broke mega strong support 1700 and next support is on 1500-1450 where we can go and I posted this long time ago, we are on huge cup and handle. So now still expect big down big tf and then bounce up to 2000-2300-2500-3000 target ... this is analyse for few years ....
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find a significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD 4h in the first session of the week, has broken down as expected from the previous support after the liquidity grab. In the first session, the price is printing a bearish candle that has a very high probability to continue to drop as the long-term trend is down, such a bearish candle with liquidity grab below the weekly support zone signaling us to take a...
HELLO GUYS THIS MY IDEA 💡ABOUT GOLD XAU is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason...
Pivot Point: 1650
Currently: Resisted at 1629 and retraced back to 1622
Reaction: Consolidating at this 1660 level , its next support zone is at 1670
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With my opinion for this week when market will be open I think there is a retest area should Gold retest it to pickup liquidity around those area and you can see it with confirmation looking for a good sell area and after that will continue to his down trend area as I selected below :
TP1 : 1631
TP2 : 1625
Tp3 : 1617
the topic important thing
Gold falls to its lowest level in two and a half years, with the rise of the dollar and the returns of the treasury.
Bank of America: Global government bonds are heading for the worst losses since 1949
The dollar index exceeds 113.2 points for the first time since 2002
Goldman Sachs: Inflation has proven to be more stable than...
Gold reached our price it was 1645
if the price can break 16454 by one-hour candle, then will reach 1631 and if break that will help the direction to stay at the bearish zone to touch 1595 gradually
represent pivot line 1658
support line 1645 &1637 & 1620
resistance zone 1669 & 1696 & 1702