Today's focus: Gold Pattern – Lower High swing point Support – 2290.50 to 2315 Resistance – 2338.40 Hi, traders. Thanks for tuning in for today's update. Today, we are looking at Gold on its daily chart. Do we have a new swing lower in play after sellers formed a lower high? This could be the case, but we still need some confirmation. In today's video, we...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Gold has been hitting all-time highs almost daily for the past two weeks, reaching $2364 in the spot market on Tuesday before the start of US trading. The ability to rise above $2071 per ounce, which gold found in late February, has signalled a break of resistance that has kept gold above since August 2021 Gold is now rising more actively than it did in the...
By checking the gold chart in the 1-hour time frame, we can see that the price started falling from the range of $2332 last day and corrected to $2312! (+200 Pips) After that, it faced buying pressure again and grew to $2352! There are a series of very important supply levels in front of the price that I want to specify for you! First of all, the range of $2352...
Non-agricultural data and unemployment rate data are bullish for gold. Gold rushed directly from the 2300 line to the 2320 line, and then began to fall back. There is also short-term support near 2300 below. However, although the data rebounded and then stepped back, the rebound space and data fermentation in the future market cannot be ruled out. We are waiting...
Supply zone for short 2336, next supply zone: 2346, stop loss: 2356, target: 2285
So this are my 2020 analysis on gold hope you also watch them it will help you understand my perspective on the market!! 2020 chart analysis More pattern repeating
Gold is beginning to trend downward as the dollar shows a slight uptick in strength at the outset of the EUR/LON session. While the dollar index remains within the range of 105 to 106, a breakthrough above 106.100 or 106.200 could signal further gains for the USD in the upcoming wave. However, it's worth noting that we've been witnessing high timeframe...
- Price moved in 5 waves to the downside - this will probably result in lower prices in near terms. - I'm expecting horizontal movement to finish wave B and then another impulsive, 5 wave move to the downside.
XAUUSD Forecast: Two Predictions In Play 1. SELL FOCUS Strategy: Daily closed with bearish momentum candle.. we will be selling within the H4 selling breakout zone, H1 swap zone (SBR). & lower time-frame selling continuation. Action: Sell until it goes down and creates a buying structure within the Daily & H4 support. 2. TO THE MOON! Strategy: As...
Dear friends! These are RalphBenjamin's insights about the market at this time, let's discuss! On the weekly timeframe, the uptrend remains positive allowing long-term speculators to continue holding their positions. However, the resistance level at 2,400 USD continued to hold last week mainly because the demand for safe haven due to concerns about escalating...
RED LINE = Route 1 BLUE LINE = Route 2 GREEN LINE = Route 3 ORANGE LINE = Route 4 Choose 1 path after the news comes out and do it. !!! May everyone be millionaires. !!!! Follow me for encouragement :D
Gold is messy now and I'm biased to the upside if it gives a buy setup around 2315 - 2310. The structure looks perfect for me for one more upside to break the 2352 minimum. then break down to the liquidity level. Also, you should know the major weight for gold is to down side, risk wisely, and this up wave we are trying to trade is a possible correction wave to...
when wave (1) ends, gold will bounce up again to make wave (2) or make ATH. However, if wave (2) ends, it will find a time to open sell.
In the past four trading days, the price of gold has remained fluctuating within a wide range. We have very good control over the changes in direction and points. Yesterday (Friday), with the support of positive non-agricultural data, we also followed up. We went long, but were eventually beaten by the retracement. Fortunately, the price rebounded and closed at...
Hello traders It looks like a good time to buy XAUUSD. after the confirmation of cup pattern because the trend is going up. Just remember to keep an eye on the market in case things change. Also, make sure to protect yourself by setting stop-loss orders below the support zone to avoid big losses if the market suddenly goes down.
The support line marks the point where demand takes precedence over supply and prices will not decrease below that support line. The reverse holds true for a resistance line. Prices often break through support and resistance lines. A breakthrough a resistance line shows that the buyers have won out over the sellers. Support' and 'resistance' are terms for two...
as price action and retest S\R WREKS zone we could see negative move to closing weekly