After statements from Fed officials that further rate hikes were imminent, gold prices declined for a third week in a row. A break of the bear flag and a fall below support occur when the yellow metal continues to decrease. In the later part of the day on Friday, the price of gold gained momentum and rebound and fixed above 1,830. Price action shows a long tailed...
The market broke through the range zone and it has tested support level and downward trendline. Price action made impulse moves down from resistance and it formed a swing zone. I look forward to testing the lower border of the range level and rolling back towards support from resistance because the market is moving up to resistance slowly. No strenght to break the...
The price fell from main resistance zone. The market is ranging after big impulse move down by forming falling flag pattern. I think price can potentially move in this pattern until it breraks out of it. The market has entered range zone and most likely it will consolidate for some time before major news come out. My goal is the support level at 1.06230 Traders,...
The price perfectly fulfills my last idea. The price has broken through the ascending channel and pullback to it again to a retest. The market is ranging on the 4H timeframe. Price was rejected from this resistance zone multiple times before by forming fakeouts and long tailed bars. I look forward to testing resistance zone and rolling back towards support level...
The gold market dropped from the resistance zone after breaking out of the range. The market broke and fixed below the smalll range zone. The price is moving toward the main support level at 1800 after making impulse moves. I think gold might go down because the price action forming a correction extension pattern. My goal is the support level at...
The price perfectly fulfills my last idea. The market fell from resistance zone and hit the target. The price formed a descending triangle pattern after impulse move down. The market is putting pressure on the support level and eventually it will be broken. I'm waiting for retest the resistance zone then bearish trend because price action made lower swing highs....
The price perfectly fulfills my last idea. The market fell from resistance zone and hit the target. The price tested the support level after breakin it became strong resistance zone and swing zone as well. The price is forming the potential 1-2-3 move pattern that will lead to new extension downside. The market might go deeper down because the market is bearish on...
The price perfectly fulfills my last ideas. The market is heading toward resistance zone from the strong support level. The price is squeezed by descending triangle pattern and the price might bounced off it and go up to test the resistance zone. I think gold might go up if price action breaks out of the triangle pattern. My goal is the resistance at 1865. ...
The price perfectly fulfills my previous idea. The market broke through the range zone and hit the raget. It has broken through the pyllback and upward trendline and made impulse move down. I look forward to testing theswing zone and rolling back towards support from resistance by breaking through pullback zone because is bearish. My goal is to support at...
The price keeps bouncing between the resistance zone and support level in the descending channel . Price pulled back to swing zone and the market keeps makin lower swing highs. The market is ranging after impulse move on the 4H timeframe and it's testing main support level. I expect fall from the swing zone if price rejectes this level this level. My goal is to...
The price perfectly fulfills my last ideas. The market dropped from the resistance zone after breaking out of the ascending channel by making a impulse leg and hit the target. The market is heading towards strong support on the daily timeframe and the price might bounced off it. I think gold may go up if price action forms fake break or double bottom at the...
The price perfectly fulfills my last idea and it went down from main resistance. The price has broken through the resistance zone and is heading towards the main resistance. The market overall is in range zone. Price is updating its swing highs at resistance and it formed a triangle pattern. The market bounced off support level and it fixed above the pattern. I...
The price perfectly fulfills my last idea. The market is moving toward support level. The price rejected the resistance zone and fell from it. The market is ranging after making impulse move down. Price is forming the potential range pattern that will lead to new impulse leg or extension. The market might go down if price breaks out the range zone because the...
The price perfectly fulfills my last idea. The market dropped from the resistance zone after breaking out of the ascending channel by making a impulse leg and hit the target. The market is ranging and it has no momentum. The price pulled back to swing zone and it formed engulfing candle. I think gold may go down if price action forms fake break of the resistance...
The market keeps bouncing between the resistance zone and support level in the descending channel. Price pulled back after impulse bearish move and squeezed right at support level. The market is ranging near the main level 1.54000 and the border of the descending triangle. I expect fall from the resistance level because price rejected this level multiple times...
The market fell from the resistance zone and price basically is ranging. The market formed a ascending triangle and recetly, the price broke though it. The market might go down because the price rejected this resistance zone two times before. PRICE action is losing momentum at resistance zone and the market shows not strength at the level. My goal is the support...
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Gold prices went down after some important news came out. One was that the FED emphasized the need for continued tightening to control inflation. Another was that weekly jobless claims went up a little bit, but still remain low historically. Gold price has been bouncing around a lot lately and has been on a downward trend. Right now, the price is down a bit and...