The weekly moving average just crossed over, tweezer top on the monthly, head and shoulders is at resistance right now, gold is about to get ugly!!!!
I believe usdjpy will go up and gold down I see a bull flag on the hourly
I think gold will hit around 2018 support just to move a lil higher around 2036 then start the sell off!!
Gold remains under the 61.8 extension on the Fibonacci also Gold failed to close above 2033.00 which is a indicator it might head back for support @2010-@2000 and @1990-1987(TP) I will enter a sell @2042 and or 2045
Gold is bullish I see a inverted head and shoulders on the daily✅
Look at the (1980.00) 50 percent line rejection on the Fibonacci daily chart area now we’re closing under the (1930.00)23.6 Fibonacci area gold may potentially get to the (1860.Area and maybe lower to the (1840.50) area by the end of these next to weeks. (Also gold is already in a bearish trend!) look at the head and shoulders on the weekly chart we broke a...
As my previous analysis has been confirmed, the 1939.00 is a heavy resistance area and gold is still in a bearish trend overall this is just a retest on the daily time frame. I suggest you sale at the 1939.00 or 1938.00 area after a brake of structure on the lower time frame my target is the 1893.00 area but I'm sure gold will plumet way lower around the 1840.00...
gold has made a head and shoulder on the higher time frame(4hour) and the support seems to continue to hold it long until the 1939.00 area for the next resistance LONG ARTOUND THE 1910.00 AREA$$
Gold prices were boosted by a decline In the US dollar, it increased from 1,905 TO 1,920 after the EPI news. I strongly believe gold will hit one of my key levels on the Fibonacci after next weeks US data market labor, and the ADP jobless claims (THURSDAY). ALSO the NONFARM PAYROLL REPORT which comes out on(FRIDAY)! GOLD CAN POTENTIALLY HIT 1800 SOON!!!! ...