Trend break on 1H time frame. That 1727 level remains crucial as support and 1735-37 as resistance. An ideal scenario for bulls is for this to leave this price range quickly during the Asian session. We think tomorrow is the day this makes its move. We'll be on the charts early in the morning looking for clues. As always, trade safe.
The 1735-37 level is a level of interest at the moment. Yesterday we wanted a strong close above 1740, today we want to see the mentioned level break for this to continue upwards. The lower levels are 1720, 1710 and 1703.
We're looking for 1733-35 to act as support now and we're going to add to our long position. The previous position has the stopped move up to 1727 and we've banked 75% of it. Only if support is successful!! First target will be around 1746 with the 2nd being 1755. AS LONG AS IT SUPPORTS! Small lot with a tight stop as its accumulated enough so the break out...
Looks pretty bullish short-term. We want to see this challenge the 1745-50 area and see what sort of reaction we get. Based on the weekly we could support around 1740-35 and then break up towards 1760-65 as the first target and then 1775 or there abouts for the second target. We will keep this in mind when the market opens and look for clues on the hourly as...
Last week we suggested a level of 1760-65 is our area of interest. This week we will remain with a short-term bullish outlook as long as the price stays above 1735-40. We can see we’re retesting the breakout of the trendline which runs from May 2019. We have a higher zone of 1790-95 on this chart which could be a possible target and also a turning point. ...
Taking a small buy here, will take 50% at 1735 if it gets there. Tight stop on this one with small lot
FOMC: This is what we're hoping for. Whether it plays this way or not no one can predict. We're looking for higher pricing but want to get a good entry for a long. Support levels have been given on this mornings analysis. We're looking for a first destination of 1720 and below that 1708 levels. We will be looking for STRONG support here and an indication the...
Gold opened with positive momentum during the Asian session. We would suggest you monitor any trades you have open for the rest of the day as the market will be waiting for the FOMC minutes later today. Ideally, if you're not in any trades then stay out of the market until after the FOMC meeting, once the market has settled you'll get better, clearer...
Looking for 1740-42, a pullback towards 1724-26 would be ideal.
Looks like 1737-45 is on the cards. Resistance here is crucial as forming a triple top will result in a strong rejection of the level. Breaking up could be a forceful move with an immediate target of 1755. Top of the short-term trend is around the 1755 level, breaking this level will result in higher pricing for Gold this coming week. We’re watching these...
Played out just as we thought last week. Again, you can see on this chart the price is within a range we consolidated in Apr-Jun 2020. Key level here is that 1748-50 level where we would expect a reaction. FOMC on Wednesday so unless they price it in first half of the week we’d expect accumulation until we make the move. We’re still bearish on the daily,...
We bounced at the 0.618 Fib level which also coincided with the weekly trendline which we extended last week. We have circled our area of interest with a possible level of 1760-65 and a lower level 1682 as the range. Breaking one of these levels should determine whether Gold will continue its bullish or bearish run. There are a lot of barriers in the way...
We're coming back in to test the breakout box. Here we want to see rejection or a break back inside. This could be a larger 1H H&S playing out so it wouldn't be surprising to see this range back inside for weekly close.....Keeping an eye on this. We've taken a small Long from 1702 based on the previous levels we mentioned this morning. Eyes are on the 1708 and...
We need a pullback towards 1730-29 as the first destination and potentially a deeper one towards 1725-22 as the second destination. The target is the 1745-50 level based on successful support below. We're not going to run these long trades from below much longer, these entries higher up are going to be quick captures. If you have longs from below it would be an...
Any pullback should result in the price moving up at some point. We're looking for the price to support around the 1708 and 1703 levels if it gets there. We still have our lower targets but don't think we're going down just yet. We have a news release today 14:00GMT so the market will react. Make sure you're all protecting your...
There's the right shoulder retest at 1708 that we said should get done. We also have a level of 1720 we're keeping an eye on, after that its 1740-45. This are good targets for longs (not a signal). We're looking to take small longs from pullbacks but our bias still remains short. We're going to be hunting a good level to short it again for our lower target of 1640.
Levels on the chart. Its left a H&S on the 1H early this morning which suggests we're going to get a move up at some point to gather enough momentum to then drop further. We're still Shorting this where ever possible
If you look at our previous analysis you'll see we were targeting that 92.00 level gap. It took its sweet time but we got there in the end. I would expect this to continue going up but we're not ruling out a pullback before continuation. Our DXY trade closed but we'll look to get in again. As always, trade safe.