Gold exits the 1870-1890 consolidation after a three-day consolidation, which is what I was actually talking about yesterday 1) The price enters a new range of 1911 (resistance not tested) - 1890) 2) The trend is bullish (strong). 3) The likelihood of a strong move on Friday is slim. We may see a test of 1911 resistance and a pullback to support. 4) Price is...
Gold breaks through resistance and consolidates 1) False breakout of resistance collected orders of the buyers who traded the breakout and stoplosses of those who sold 2) False breakout of support in the same way, but from below 3) The price has already broken through the resistance and is consolidating. 4) There is a strong liquidity zone below the 1879 zone,...
The gold gains energy and tries to close the lid. At some point this whole structure will shoot out 1) The trend remains bullish. 2) Yesterday's bar closed below the opening, but within a narrow consolidation this is normal 3) Price confirms support, but the consolidation resistance of 1890 has not yet been tested 4) An attempt to test the resistance can end up...
Gold is running the script. Price breaks triangle resistance and goes beyond the 1881.5 level 1) Consolidation forms above the 1881 level. 2) Price is preparing to rise towards 1894. 3) The market is bullish, the liquidity zone is forming, our 1881 4) Below the level of 1881 the price is not accepted, consequently, it is worth being oriented to purchases 5) In...
Gold, after a strong momentum, moves to a slower pitch and consolidates in a narrow range of 1890-1870. 1) Gold shifts to a lower volatility format (consolidation) 2) The narrow 1890-1870 range can keep the price inside for a long time 3) The trend is bullish and selling is out of the question for the moment 4) We wait for the level of 1890 and the daily...
Gold forms a small pullback from the Gartley pattern and moves into a triangle formation. Flying to the moon? 1) The pullback after the Gartley pattern formation sent the price to the 1866 area, where the price found support 2) It formed a triangle on the uptrend. 3) Breaking through the resistance of the triangle sends the price to 1894. 4) The trend is...
Gold still points to a possible continuation of the rise 1) Yesterday's daily candlestick closes above the 1869.75 level. Signal for continued upside 2) The next target is resistance at 1890, but in the long run, the global liquidity zone at 1930. 3) The accumulated energy in the strongest consolidation since mid-December is spilling out. The growth may continue...
Gold moves out of the channel upwards. Gold breaks resistance at 1876 and the price breaks through to 1890. 1) The price breaks the resistance of the ascending channel - a signal for acceleration of growth. 2) On the smaller timeframe the price consolidates above the 1876 level. 3) It has the potential to grow up to 1890. 4) Preliminary pullback to the support...
Gold is breaking out and the price is renewing its 7-month highs. Gold moves into a new bullish range. 1) Gold breaks through the 1869 level, which has become support. 2) The price enters a new range of 1870-1890. 3) This range is in a volume profile vacuum. There is no resistance to price movement 4) The price may go into the 1890-1911 range very quickly 5) The...
Gold is drawing a reversal pattern on a strong rising trend. Will the price fall below strong supports? 1) Head and shoulders - reversal pattern is formed 2) The basic level is 1824, the price may either break it or bounce back. 3) We skip the initial price reaction. We wait for confirmation. Buy: If the price tests 1824, makes a false-break and consolidates...
Gold moves into a new range, confirms its limits and begins a new consolidation phase 1) Yesterday's bar confirmed the upper consolidation boundary at 1857 and the lower one at 1824 2) The price can make false breakdowns of one or the other boundary. 3) Take into account the trend. Right now the trend is strongly bullish. 4) The potential remains bullish, as...
Gold is testing channel resistance. The price makes a false-break and returns to the channel 1) False-breakout of resistance. After a false breakout, the price moves in the opposite direction to the false breakout. 2) The trend is bullish, if we sell, the risk will be reduced. 3) The key level is 1850. The price consolidation is a confirmation of the signal....
Gold made a false-break on yesterday's daily bar. Today's candlestick confirms the false-break, and the price is consolidating under 1857, without making a new high. 1) False-break could send the price to 1824 2) The price comes in through the upper range. The range is 1857-1824. Target - support is open 3) The trend is bullish - be careful with sales! 4) Key...
Gold bulls break through resistance at 1850 and rush to 1880 (key liquidity zone from the D1 timeframe) 1) Breaking through resistance of the uptrend channel can only accelerate gold's rise 2) The trend remains bullish. 3) If the price technically retreats to the channel support area, it will enter the risk zone 4) If the price returns inside the previously...
Gold, after two weeks of consolidation, rushes up to 1869 resistance. But before that, the price is testing 1857, will the price stop here? 1) The price forms momentum after the consolidation. This is what I have been pointing out for the last two days 2) Distributive movement is directed towards the main target - 1857-1869 zone 3) The price breaks the maximum of...
Gold breaks through triangle resistance. Everything works according to the scenario 1) Price bounces off resistance 1850 (Target reached) 2) Gold consolidates at the local level of 1840, if it consolidates below the level, the price will go down 3) Gold is the key support at 1824 4) Trend remains bullish 5) Price consolidates under the local volume profile...
Gold is on the side of the bulls. Accumulation, a resistance breakout and the price flew to 1850. 1) Today we see a strong pullback from 1850 and the price can go down to 1824 2) Long-term accumulation is not realized, so the growth will continue after the pullback. 3) The trend is bullish 4) The target of 1852 (volume profile) has not been reached yet. 5) I...
Gold in a large triangle. Bullish or bearish pattern? Let's get to the bottom of it. 1) A triangle pattern is interpreted as dynamic buyers (bulls) pushing the price to a limit resistance level, which sellers (bears) are building 2) We have strong resistance at 1824 and price is repeatedly testing that level 3) We have an uptrend. 4) If we break 1824 and hold...