Kyrean

Kyrean Updated 

Today I want to share a different point of view on the gold market, that matches with my last analysis, so even more interesting in my opinion. Idea Gold is currently trading in a high volume range between 1976 and 2010. The levels are extracted from a self made indicator, but you can recheck how important these levels are by browsing through the chart by...

Kyrean Updated 

As expected, the level of 2050 was reached after the breakout of 2010. I never thought it will happen so fast, but it happend. Now there is a huge imbalance near the 2050 resistance and I expect several pullbacks and even a change in trend soon. The strategy is to go short whenever a new local high is made within the 2050 - 2070 range. There is a possibility of a...

Kyrean Updated 

Welcome back. The last analysis went out nicely and I decided to share my midterm point of view to XAUUSD with you. What happend so far: Gold found support around 1800 and rallyed very impulsive to 2000-2010, where it was rejected several times. Later it found support at the rising trendline of the upward channel and now we are back close to the 2000 level. Also...

Kyrean Updated 

According to the President of Israel, a ground attack in Gaza is about to start soon. The gold price has shown bullish behavior several times on speculations of a possible ground attack, which could lead to a new level of escalation. Gold corrected more than 40 points after reaching the recent peak at 1997, and I assume that the 4th wave low is in at 1953. The...

Kyrean Updated 

Gold has found support by the trend channel in 1933-1945 and rose sharply to 1988 on Wednesday. But today it faced heavy selling pressure at the 1993 key level and corrected to 1980. There is a high chance, that gold will revisit at least 1972 and a potential Head and Shoulders Pattern is already forming. You can trade the break of the neckline or a pullback...

Kyrean Updated 

Gold found support on the channel trendline and was able to push up to a high resistance area. Above 1990 there is the weekly candle close resistance zone, below we find a dynamic resistance and also a Liquity resistance area. I expect that the price will test the zone again and may be faced by selling pressure. But be aware. If the price closes above the dynamic...

Kyrean Updated 

Finally Israel will start the ground attack tonight and gold already reacted by reaching the important 2000 area. Silver has the same setup as gold, but corrected deeper than gold. Please understand that this trade is risky, as the position is opened directly before the weekend and things can change rapidly. Important resistances are: 23.5, 24 and 24.5